@Brad Klock It probably doesn't make a huge difference 15 vs. 30, and you'll pay one off much faster so it's not a bad idea.

A property should sell much faster than 6 months.

The thing is, you could have bought several properties using smaller down payments and the bank's money to build your wealth faster by having others (your tenants) pay down your debt for you, as long as there is still cash flow after your debt service and expenses are covered.

This way I can earn more faster, but eventually move into buy and hold completely.I don't currently have a job though, so I'm trying to decide what would be the best option:1) Work full time and wholesale in the evenings and weekends.2) Work part time and wholesale when I am free.3) Don't work and go completely into wholesale.How long does it take a wholesaler to start getting momentum?

The loan amount is so low, you might be better off simply trying to pay it down faster than messing with a refinance.

Inola has the Papermill getting ready to start which is going to require 300+ jobsDallas is growing much faster I understand

@Anna WarrenAlso the faster you can scale your marketing from 100 mail drops to 1k the faster you will see positive results.

src=/program_offices/housing/sfh/203k/203kabouYou also might consider going for a 3 or 4 family property and build wealth faster by way of your tenants paying down your mortgage (less risk of vacancy losses too).

You need income to recoup at a faster rate than what your numbers are showing.

I bet you have plenty of examples where you were intimidated by something & have the fear dissolve as you took steps to overcome the intimidation.I look back at all the deals in the past I let go because I didn't have the education on how to recognize opportunity & create a profit, or the ones that I did do & didn't create an additional profit.As far as pulling equity out of your houses, I'm going to plead the 5th & just say that you can grow wealth faster with leverage but be responsible, leverage is a double edged sword.