![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2438130/small_1722568957-avatar-francisb45.jpg?twic=v1/output=image&v=2)
19 July 2024 | 13 replies
Something to consider is with $30K (which is no small amount of money), you will need to factor in closing costs and repairs (unless you can negotiate with the Sellers).
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/329845/small_1674401826-avatar-7einvestments.jpg?twic=v1/output=image&v=2)
18 July 2024 | 2 replies
If that property drops 5 you now have another $15k to come up with on top of the closing costs on that property.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1797199/small_1690812387-avatar-adame100.jpg?twic=v1/output=image&v=2)
17 July 2024 | 4 replies
You're looking at all of the positives and non of the potential drawbacks.I'd do a search on the forums about Section 8.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/743065/small_1695224954-avatar-adrianj9.jpg?twic=v1/output=image&v=2)
16 July 2024 | 15 replies
You could cost yourself over 7500 by selling it under market value.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1359819/small_1694813156-avatar-mohsinm5.jpg?twic=v1/output=image&v=2)
17 July 2024 | 37 replies
@Mohsin Mazhar If you decided to sell and purchase another property, a 1031 exchange would give you a larger ROI potential and save you from the initial tax hit.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1971515/small_1621517183-avatar-oscarc96.jpg?twic=v1/output=image&v=2)
16 July 2024 | 2 replies
My former go to was a Dunkin Iced which is now about $3.74 so this potentially saves me about $20/month.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3046249/small_1717991008-avatar-saurabhk24.jpg?twic=v1/output=image&v=2)
17 July 2024 | 7 replies
However, the high-interest rates are significantly affecting my operational costs.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/497228/small_1621479336-avatar-kylek22.jpg?twic=v1/output=image&v=2)
18 July 2024 | 3 replies
Refinancing doesn't make sense as I'd effectively double the current interest rate and have additional closing costs surpassing the PMI.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3000764/small_1713541814-avatar-peteri32.jpg?twic=v1/output=image&v=2)
18 July 2024 | 2 replies
If you know the market and where to price your property, a listing agent is really not going to add a lot to the process and will cost you 3%, Now before I get blasted by agents posting how mush they add to the sale on the listing side, I will say that if you are not familiar with the sales process, maybe you need to pay the 3%.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2884536/small_1701204773-avatar-christinab191.jpg?twic=v1/output=image&v=2)
17 July 2024 | 9 replies
Occam's razor would say the neighborhood power outage was to blame, but I guess they thought we installed TVs, a refrigerator, stove, microwave, outlets and lights everywhere to trick potential guests into thinking we had electricity.