The rate on something like this would be a bit higher than a conventional 30 year mortgage but you'd have the benefit of potentially paying it off faster.Investors using a conventional loan have to put a minimum of 25% down on a property.

Most of those areas you’ve mentioned still have amazing appreciation potential.

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I think debt is good if your goal is to scale and grow your wealth.if you will own your personal residence and as a result just be responsible for real estate taxes, insurance and upkeep, your living costs will potentially be low and you don't need much leverage or a bunch of properties to support your lifestyle.If I were you, I would sell the wedding business since it likely is time comsuming since its an actual business.I would not pay off the two other properties since the rate is low.

This means ensuring the property or the site are secured and right of ways are clear of debris or any tripping hazards.6.

I have a family member that I could potentially do a JV with.

I'm studying to get my New York realtor license and having property management experience could potentially benefit my career.

However, if your sights are set on long-term appreciation, Columbus' ongoing population growth and strong economic factors point towards potential value increases down the line.

That's a lower risk way to get started.Hi Nicholas, my draw to STR is primarily the higher potential for cash flow.

In CA you can't ask applicants what their immigration status is, so here you'd be off the hook.The problem I see, potentially, is that you contacted the employer, knowing he's illegally hiring this guy.