He didn’t just answer my questions—he showed me how this game is played at a much higher level.

You avoid the tax hit, and still get the use of 75% of the equity if you do a cash out refi - (but high interest rates sort of play against that to some degree presently… but you could alway refi again down the line if rates dropped.  

A and B neighborhoods typically don’t produce much cash flow and are more of an appreciation play—something the city has been seeing quite a bit of over the past decade.

Allow things to play out, unless the buyer closes sooner.

Hi John,I like playing with raw land, too, in Snohomish county, WA, just north of Seattle. 

On most any day you could find people walking dogs, or children playing in the area.

Allow things to play out, unless the buyer closes sooner.

You want to play the charitable hero.

As an investor in a market where cash flow does not come often and appreciation is a bigger play, I understand your mindset. 

This one will cash flow a little when we move out but it was a bit more of a long term play for us (5-10) years, so we need the time to make it worth it.