BarronFrom my experience, selling a property can free up equity for reinvestment but might disrupt tenants or result in losing a valuable asset.

Remember, thinking long-term and taking imperfect action is key to building wealth and gaining experience.Good luck!

@Tom HallAt 7% if you can I would pay it down as investing it net after tax gains may not get you the 7% you are paying - so it’s less riskDownside is you lose liquidity of that money as it’s tied in your propertyIf rates come down in future you can refinance and even take some of the cash out.Regarding your question are rates coming down, a lot of factors come into play but right now it does not appear there will be significant changes to rates over next 3-6 months.

I gained an interest in Real Estate while looking for a contractor that also worked with an investor that has rent to own home we worked for.

A great agent can be such a valuable resource on your 1st property, because of all the nuances in RE transactions.Just an FYI, 5% conventional for MF is an option now.

Start small with a single property to learn the process and scale as you gain experience.This post does not create a CPA-Client relationship.

At a minimum, having viable plans in place for development will make these lots more marketable and valuable to potential builders when we have conversations. 

My best advice would be to begin networking as much as possible and find a mentor.You've already taken the first step which is gaining knowledge.

We do not factor in capital gains tax in our final net profit projection Hope that helps!  

I’ve focused mainly on Florida but have also looked at options in Sacramento and other slightly more remote locations in CA.While I’m familiar with value-add strategies (ADUs, renovations or storage rentals), these seem like heavy lifts for modest gains.