In order to build wealth and make money work hard for me,I am thinking about how to use the equity I build.After I purchase the property,if the refinance LTV ratio is 70%,the value of property should increase about 40% to refinance all the capital invested in the property.And if the property appreciation compound annual 10%,it need take more than 3 years to get 40% increase.If the property does not appreciate a lot,the refinance does not worth it at all.So I need to use the capital I invested in the property more than once,I need to choose the property which has al lot of property appreciation.Anything wrong about my math?

I know I am not making the cash flow I should, but without buying into low income areas I am unsure how to increase my cash flow? 

state=TEXAS) and that there are incramintle increases in how much you can barrow.

@Alvin PereiraAre you seeking an attorney in Florida or IN?

Even thou I did not make the ROI on the property that was desired, by taking action, my learning and understanding increased and I am more confident with moving forward on the next deal.

The property is going to need some aesthetic repairs in order to increase value.After reading the Bigger Pockets "The Book on Investing in Real Estate With No and Low Money Down" this seemed like a good strategy to get me going.

In this position, I think the best course of action is to seek out tenants that can sign annual leases.  

As interest rates increase, affordability and house prices go down. 

Patrick Mueller Hey Patrick I saw your seeking a real estate agent and that you just acquired your first property in Elgin!

My rents have increased from $500 p/month to $700 per month in each unit i have renovated.