- While home prices have risen for 97 consecutive months, July’s record-low mortgage rates have made purchasing the average-priced home the most affordable it’s been since 2016- Buying power for those shopping for a home is up 10% year over year, with home buyers able to afford nearly $32,000 more home than they could have 1 year ago while keeping their monthly payment the same- Each of the 25 largest markets are seeing their strongest affordability in more than 2 years, with falling 30-year rates elevating buying power for potential homeowners across the countrySix states – Louisiana, Arkansas, Iowa, West Virginia, Kentucky and Maryland – are seeing their lowest payment-to- income ratios in more than 25 years- While the fallout from COVID-19 continues to weigh on the broader economy, record-low mortgage rates and improved affordability appear to be providing a backstop for the mortgage and housing markets, with 19 of the 22 major markets analyzed seeing their median price per square foot rise from May to Junehttps://www.blackknightinc.com/black-knights-june-2020-mortgage-monitor/

@Eric Black Thank you.

If you are spending 4%-6% on student loan interest but making 10%-20% on an investment you're in the black.  

We hold one in Pottsville on the last Wednesday of the month at black rock brewery.

There are a couple other events around here, I know Black Diamond (www.blackdiamondrealestateinvestors.com) has a meeting in Worcester the 19th of April, so you might be interested in checking that out as well.I work on a real estate team specializing in finding investment properties in Southern NH... feel free to reach out and connect if I can be of assistance to you in any way!

Applying the 1% rule would make sense here and should have me in the "black" making money here. 

Filter gets almost black it’s so dirty. 

and I am currently going to college(GI bill).We have other rentals and plan to continue to invest in sfh's but this is going to be 65%ish of our net worth liquid all at one time.With the rest in super conservatives retirement funds,  a split family business in Seattle, and other real estate.My thoughts on how to move forward.We have purchased $20k in livestock(registered black angus) for personal use more than anythingWe plan to invest $50k into a small business we own that would push the $10-25k to $50k or greaterWe need to finish about $35k in rehabsTo pay off all properties would cost $140k(not really considering it)We are finally at a point in life where saying "what do we have to lose "  is not an option anymore and we need to protect our capital better.

It sounds like you may be able to pull some equity from your present property - this would allow you to purchase another home, get rid of your monthly rent bill, while keeping the original property in the black and covered by rental income.

Lots of people there are the old Black Middle Class (think shop owners, or Union guys) that bought those homes during White Flight and have refused to leave the City or let people turn their neighborhood homes into halfway houses, adult foster care,etc.