We are spreading the net wide, as well as going deep into the markets that we have presence. 

Hello BP Family,Just wondering your thoughts on New Builds as an investment- whether it be a build and sell or build and hold long term as a rental.

After all expenses we are cash flowing on our first property and we are hungry for more.

Given your situation and concerns, here's a breakdown of considerations and advice:Pros of Renting Out Current Home and Buying a New Primary Home:Living Condition Upgrade: Moving to a larger, newer home with boutique features can improve your living space.Rental Market: West Town in Chicago generally has a strong rental market, which could provide good rental income from your current home.Portfolio Diversification: Adding another property to your real estate portfolio can enhance diversification and potentially increase long-term wealth through property appreciation and rental income.Cons and Concerns:Interest Rate: The current interest rate of 7% on a new mortgage is high, and there's uncertainty about future rate decreases.

I work at Aslan Home Lending in Colorado and we are licensed in the majority of the United States.

Hard money lender finance rehab projects all day long, so they are pretty good with estimating ARV, profit margins and etc.

It has long been a favorite for local investors and in the 6-8 years the word spread and it is a hotbed for many more now.

How long did it take you to do the rehab?

If you think you can buy a property in Detroit, or Cleveland for that matter, that's going to make you more money in long term appreciation than a property in Miami would, you've got to be a drunken idiot.

I wanted to invest for the long term-like buy and hold.