It is a bad idea to make investment decisions where a key part of your return is dependent on decisions that are entirely out of your control.

It really depends on your financial situation.

Most 5+ units require a commercial appraisal, be prepared for an appraisal investment of $3-4-5k depending on your area and how many units.

Hi Ashni, It'll all depend on what parts of PHX you are aiming to be in and what your investing strategy is. 

Here are some tips and insights to consider as you begin building your real estate portfolio:Options:Refinancing: If you have equity in your condo, consider refinancing to access funds for future investments.Investment Loans: Explore options like conventional loans for financing future rental properties.HELOC: Depending on your equity and financial situation, a Home Equity Line of Credit (HELOC) could provide flexible financing for down payments or renovations on new properties.Build a Financial Strategy:Budgeting: Create a detailed budget that includes mortgage payments, property taxes, insurance, and maintenance costs for your rental property.Cash Flow Analysis: Calculate expected rental income versus expenses to ensure positive cash flow.Emergency Fund: Set aside funds for unexpected repairs or vacancies.Research the Rental Market:Location: Choose rental properties in areas with strong rental demand and potential for appreciation.Tenant Profile: Understand the demographics and preferences of renters in your target market.Market Trends: Stay updated on rental market trends and local regulations affecting landlords.Property Management:Self-Management vs.

One thing to keep in the front of the pages, is to remember that the equity will have an APR, depending on the property you are aiming.

Hi everyone,I've been building a 4-unit property in FL and I had a specialty drywall contractor I had to hire for a fire-rated ceiling.

Another option is to have cash saved for the rehab-- it really depends on your situation and the extent of a renovation.Start hitting up lenders in your area and see what they can share-- each bank might be slightly different.

I'm looking to buy a new construction home in CA for $750,000 as an investment property (around 8% interest rate) with 20% down.

Likely causing the rate increases