Take that money and buy RE in other growing markets, stocks, bonds, index funds, high yield savings, or probably a combination of it all. 

With high interest rates, we'd be looking at around $3800 PITI.

RE is highly cyclical and down markets can be painful for years…especially with leveraged properties.Good luck out there :)

I like that ARM option the best. 4) Chase - no comment other than unless you are an extremely high networth individual I would go with someone else. 

Thanks Yes, that response is definitely going to help you do well and learn.

I live in NJ, and it has a very high cost of living and with the current rate of interest, makes it a very pricey market so to say, and not that investment real estate friendly.

It definitely can help add time back into your life and they can be a great source of information on vacancy rates, current market rent rates, etc. 

Borrowing from the equity must be done wisely or you will end up with negative cash flow and at high risk due to over-leveraging.NOTE: I use interest rates much lower than they currently are in 2024!

definitely apartments.com.

Or if they want a high-interest rate, and your numbers will not work at that interest rate, or if they really want a crazy high price where it will be difficult to cash flow and refinance in the future.