78724 has been a low income area of town for a long time, but has started to transition.

The lending officer said “ we aren’t in business to fund slumlords sir ”  in lower income areas and on lower income properties banks have low limits and very stingy on lending .

We can plan on it very low key while presenting details about dissecting deals, how to fund deals, and this will serve as a great tool for networking. 

Hi all,Was hoping to get perspectives / hear stories on how others approached the possibility of selling RE assets and using the proceeds to paydown debt on other properties.Here is what I see as potential +’s and -‘s:+ increase cash flow by removing mortgages (so more passive income)+ opportunity to sell underperforming assets- less assets under management (so less potential equity appreciation)- taxable gains (will not redeploy into RE as my sense is we are near the top of the market)- 30 year fixed mortgages in place at low 4-handle rates (based on simple bond math, the value of my liability is shrinking on a relative basis as rates rise)Other facts relevant to my situation:* RE is but just one asset in my portfolio (and I’m fine with that); cash flow and appreciation are great, but I’m looking at the asset class as more of a long term hedge against inflation * not looking to leave my day job and / or replace W-2 income entirely with passive income * don’t need the cash flows from RE; again, I see the asset as a levered inflation-hedging play

@Michael Greenberg I definitely do see the advantages of having your own website and I actually stress doing this.

We look at it like a potential buyer, not an investor who sometimes banks on the property selling toward the range of the higher comps.We don't "send you how to books and tapes" We have a trained staff to help you work on your business- a deal desk that you can call to review any property you have under contract, a compliance team to review risk factors, construction project managers that will vet your contractor bids - in addition to the resources that help you learn THIS SPECIFIC way of evaluating deals- finding the types of properties that do qualify for low or no cash to close.

So I think your vacancy of 3% is low.

If it's really worth 125k I would ask why you are selling it so low. 

I’d definitely read (or listen to) the book on real estate investing with no or low money down.

Since I starting college next year my funds are pretty low and I don't have much credibility for a loan.