Make sure you have a decent CPA and use him/her to help you evaluate financials of apartment buildings etc. aside from just doing your taxes.

Excited to become a part of this community!

I’ve accessed the equity in my rentals via cash out refis and HELOCs and every lender I’ve used wanted to see income and still evaluated my DTI ratio to qualify the loan.

(You don't have access to this kind of info at first).

We have an apartment building with one elevator that's going to be down for 6 weeks early next year for modernization.

Relatively easy to finance, easy to comp (based on sales, not cap rate), relatively cheap to build, and more desirable to tenants than apartment complexes.

My current apartment is AWESOME, but freeing up that extra cash might be a more logical/prudent first step.Looking for some thoughts/guidance from the community.

One local investor who is quite well known in the community explained how he cross collaterlized multiple apartment buildings to purchase a piece of land in a great area to develop new homes.

But there are a lot of new restaurants and bars, as well as a brand new luxury apartment complex.I am still personally a hugh fan of Pleasant Ridge because of the spill over from Hyde Park and Oakley where the rents are insane.

My interest was sparked when I heard about another student owning and renting out an apartment so I thought what a great idea I should do the same.