It doesn't make sense be in a -$800 a month (at best) while paying a huge monthly payment with high property taxes.

I put down 25% down payment, and got a loan for 75% of the purchase price so I have $53,475 equity in the condo.

But heads up, a HELOC is like a rollercoaster – the interest rates can go up and down, so your monthly payments might do the same.

Instead of using my $30k saved up to use as a down payment for my first 2-4 unit, I would keep that as my financial cushion while I make the switch to becoming a real estate agent.

I have a property manager that handles payments/tenant screening so I don't need anything too fancy yet, but I liked the dashboard visuals to see where things were at, and to be able to have all of my transactions and my PMs in one place for tax time.

., keep my down payment and exit deal)What consequence can they face for this delay?

Reducing interest payments can free up funds for other financial objectives.Since you're in Kansas City, look into the local real estate market.

Collect interest and payments over time while maintaining an interest in the property.1031 Exchange: Sell a property and reinvest the proceeds into a similar property to defer capital gains taxes.

Nearly half said it’s because homes are too expensive or they can’t afford to the down payment.

At Grand Welcome, we see the most success through direct mail marketing, in-person networking, digital marketing, and creating relationships with realtors for referrals.