I will say one thing - the insulation on that K&T looks fantastic, better than about any I have ever seen.

So, unless your property appreciates on its own which you cannot control you may not be able to refinance out money to buy the next house.

RE investing is a fantastic way to build wealth but you can't build on something you don't have.

It provides fantastic debt to use especially today where rates are as low as they are.

My agent, @Nick Harris and the @FIRE Reality Team have been fantastic.

According to Jonas Bordo, CEO & Co-Founder of Dwellsy, "Due to COVID19, renters want more space and control over access to their homes, and this has led to substantial new demand for single family rentals.

Prices of housing is not awful for California, but there are fantastic deals out there.

A lot of forum members are very knowledgeable in their respective fields related to real estate investing.There are some pretty nice discounts on many products and services offered as Perks to BP members that you might want to check out: https://www.biggerpockets.com/perks/proIf you haven’t been to it already, the Bigger Pockets blog features links to their fantastic podcast and many great articles: https://www.biggerpockets.com/renewsblog/

Fantastic second wholesale deal at 17,500 profit.

Typically folks will get a high interest loan initially because the property is at a discount and wouldn't fit the criteria for a traditional mortgage (fixer upper, cash only).The refi portion is to place a traditional mortgage on there so that you'll have a manageable monthly payment which rent will cover as well as cash in pocket due to the equity that was present.The goal is to control the property with as little money down as possible while positively cash flowing so I'm not sure if get 2 traditional mortgages accomplishes what you're looking for.