While an appreciation play makes perfect sense to some (ie. if you see the price of your newly purchased house increase by 3.3% a year, in 3 years you will have gained 10% equity - which would be $20,000 on a $200,000 house), you have to be in a position to sustain that purchase.  

It comes down to this: How quickly and easily do you think you will find your next purchase?

Purchase price: $213,000 Cash invested: $13,000 This is a Townhouse located right outside of Forman university.

This is important because the financing will dictate where you may & may not be able to purchase and could help you narrow down which route you'd like to take. 

I would like to take 200k out of this property to purchase a new investment property.  

Unit 2:  4 Bed/3 bath pool home, purchase price $449k (with seller credit of $15k towards new roof).

I think being emotional is great, it means you care and you got into the business to make money and to provide safe affordable housing to people who can't purchase a home.  

That ensures you don't spend it on other things and know exactly how much you have to spend on the next purchase.

Hello,I am attempting to purchase an investment property in a location that I do not live in or work in.

Hey @Marv Edelstein, as an agent you will need to begin building your identity as a trusted advisor in home sales and purchases.