Afternoon BP community,I'm really new so bare with me....

We're all just guessing at this point, but if your numbers don't make sense then the rule doesn't matter.Most people use 2% rule for rental properties, but that's bare minimum.

Year 3 it gets diluted further, average gain about 12%, Year 4 average gain about 10%, by the time you get to year 20, your account gain will be barely more than the market gain of 5%.

Even 3X is putting a lot of people close to the brink, so if someone was just barely at that level but had other unfavorables I would probably decline their application.

*All things are never equal...Clearly, it's crucial to dig into the details in real life:What if properties A & B are rented at full market rent value, but Property C is currently 20% below market?

If they were paying the mortgagee then they may be SOL. I

I hear stories of people doing deals with people they barely know and everything goes smooth.

Actually, the south of Spain (Malaga, Marbella - Costa del Sol) is in fact more expensive to buy a property than the Costa Blanca (Orihuela.

We could also just simply do a bare minimum reno and operate as is for approx. $14,000 but the income will be impacted slightly and the value will not increase.All and all, we are a little stuck in not knowing what to do while reno/upgrade costs keep raising and the sale price remains quite high for the area.

That's an annual return of measly 3%...barely rate of inflation.So I get that brandon and david are so adamant that people don't spend their cash to pay down the mortgage.However if I pay down the mortgage by 50K and get a HELOC for 50K and use the heloc to pay down another for a total of 100K at the same month for total of 100K paydown.