@Victor Yang I am not a CPA but you cannot take passive losses (real estate activities) to offset active income (W2) unless you make under a certain threshold from your W2 (I don't recall the exact salary).That being said if it is turnkey and you can't value add to create rent growth then probably not worth it at the price

If you find a realtor that fits you I would focus on building a relationship with them before moving on because good realtors won't waste their time on someone that doesn't see there value.

Here's a big "math" you overlooked for quite a few years.Right now $388k in equity, minus (let's go all out) $100k in closing costs, gets you a walk away of $288k in equity.Use that $288k as a 20% DP, and you should have $1.44M in property value,...not $415k. 

Send me a Direct Message so we can determine if we are a good fit to work together and help you flip more properties in the Houston, Texas Area.I have a straight to the point and no BS approach so you will find some values when you reach out.Thank you 

Build connections with local professionals, talk to them in person, and value there time over yours.

Looking at refurbished houses in the area, potential value of the house could be $130-140k range.

Appraisal is where if the value of the property didn't meet the value of the loan, you can negotiate the price to lower it.

His “form” email on June 20th, 2024 begins like this:Dear Valued Investor,Thu, Jun 20, 2024 at 7:30 PMI hope you are well.

I decided to look into an official duplex or triplex putting 150K down that has value add with renovations and potential unit add but it wont have as much equity because it will be an on market deal. 

For multifamily or commercial, the rental rate impacts the value of the property.