If the property turns out well I will recommend the GC I'm using (assuming he wants additional work, he seems pretty swamped).

If you prepay 15% you’ll probably get a 5% return.What we didn’t talk about was ability to acquire new debt, cash out refinance costs, cash flow implications, tax benefits, liquidity or risk management which is another post.My intention on my property is to prepay about 4% to move the cash out refinance for another property up by a year and let additional investment money ride elsewhere.

My question for you is, is it a wise decision to take a mortgage loan on those two condos so that I can purchase a new investment property (in addition to single family house which is an obligation) using DP approach?  

The takeaway here is to become familiar with determining loan quality for yourself when working w/ a broker.In addition to the capital gains issue Jeff mentioned, there is cash drag.

I am watching him because he has some great insights and his failures will keep me from making those same mistakes.I'm doing my first STR in North Phoenix (Near Scottsdale) in a $725,000 5 bed 3 bath full house with pool that I bought and I'm using high end design, so my experience will be totally different than his.

I have another one with additional columns for down payment, rehab, invested, arv so you can also capture your total equity.

Market supply remains healthy, hovering around 1.5 months of supply if no additional inventory was added.

Hello everyone, hope all are well, I'd appreciate insight on a question- if I take bonus depreciation after a cost segregation study in a year, then do STR and it's just not for me, can I then convert to long term leases the next year and still benefit from the deduction in year one or is that owed back somehow (other than recapture at time of sale) Thanks!

@Gino BarbaroI love your approach as I have a similar approach.Go big or go home isn’t always the right approach.As you note, in a market where one has a strong existing footprint, it’s easy to pick up additional smaller assets.That’s what we do in Greenville SC.It’s our only market and we own buildings that range in size from a triplex to 181 units - doesn’t matter to us.

Additionally, the resilience of smaller banks in the face of market challenges contrasts with the vulnerabilities of overleveraged private investors.Navigating the Market: Amidst these uncertainties, investors must heed the warning signs of potential capital scarcity.