HiWe purchased an CA investment property when rate are at 8.25%.

I've been interested in becoming a farmer for as long as I can remember, and as I've looked at the viability of getting into farming, I've seen how much debt people go into to purchase land and equipment, and how crippling that debt can be for both the farmer and their family.

Any information, advice, suggestions would be welcomed and greatly appreciated. 

Recommend: target Class B properties, maybe Classs C+ in gentrifying neighborhoods.Run your calculations BACKWARDS to determine the purchase price for the ROI YOU WANT.Make that offer.Repeat as many times as necessary until an offer accepted.Before the 2008 Crash, we used to plan on writing 100 offers, to get maybe 10 accepted, to actually close on 1 property.It takes work to be successful!

Reinvestment/Expansion (10-20% of Income)Rule of Thumb: Allocate 10-20% of your income towards reinvestment in your business or properties.Why: This fund can be used for purchasing new properties, business expansion, or other growth opportunities, ensuring continued business development.Summary Breakdown:Mortgage Payments: 25-30%Operating Expenses: 30-35%Emergency Fund: 5-10%Capital Expenditures: 10-15%Paying Yourself: 10-15%Reinvestment/Expansion: 10-20%Adjust these percentages based on your specific circumstances, risk tolerance, and business goals.

.* My insurance carrier does not accept escrow payments, so I would need a solution that wouldn't require escrow or something creative with the escrow.Property Details:Duplex located in Wisconsin (city of approximately 9,000 people)Purchase date:  05/10/2024Purchase Price:  $85,000Rehab:  $31,000ARV:  $140,000 (still need to have appraisal completed - this is based off of my comps)Projected rent:  $1,450 / month (just listed so no leases yet. 

Purchase price: $155,000 Cash invested: $215,000 Sale price: $417,500 This single family home project was a personal flip project.

A rural-marked appraisal will be capped at 65% LTV; vacant is OK on purchases and refinances with less than 6-month seasoning.

@Dmitriy FomichenkoThanks so much for the information!

What's the most valuable thing you learned recently being on the fourms; who had a hand in helping you discover that information?