Since, prices have fallen 25% so the property is now worth nearly 20% less than the loan amount.

You want to focus on short-term money generating strategies such as wholesaling, fix and flips, etc.

I see people are getting a loan and investment capital to cover the property amount but then they drop 100k on renovations and they say they have $0 invested.

I decided to fix up (20+K expenses in the last 3 months) and have signed the realtor contract last week to sell.

It's a great opportunity for fix and flips and turnkey opportunities.

Additionally, there will be a 20% annual increase in taxes every year until 2029, at which point they are expected to stabilize at their maximum rate.What would the "full potential" tax amount be in 2029?

Investment Info:Single-family residence fix & flip investment.

As of now rates can actually be in the higher 7's as well depending on the deal (FICO, property type, location, loan amount).

@Shawn ParshNo right or wrong answer here.You're likely weighing the extra amount of work required to set up and operate an STR against the extra money that you'll make.

Our rate is a 3.5% fixed with 27 years remaining.