Our concerns is that because the mortgage sits at $2.8k  for new construction and average rent in both cities for those sized properties are below mortgage that we will be coming out of pocket.

They generally have lists they can refer to.It's never 100% accurate because repairs on a newly bought building can quickly cascade into larger projects depending on what they find when they are on site.

No one is perfect, and we certainly have had times where we were not proud of the experience we provided to our guests.

But this is exactly the situation we bought our current home in 2021.

Development cost: this cost fluctuate a lot based on the site.

We're considering our options for moving forward.Numbers:Purchased for ~ $230,000 (2.5% interest)Remaining balance ~ $220,000Appreciated to ~ $400,000Cash flow is ~ $500 a month after setting aside for all reservesOptions we're considering:1- Cash out refinance- at current market rates, rough estimate is that we could access close to $100,000 in equity, but our cash flow would go to $0 or possibly negative for a period.2- Sell now - if we sell before the end of the summer, we could still qualify for living in the property for 2 out of the last 5 years for the additional tax benefits.

Hi all, In 2014 our apt building was set fire by arson following a shooting 1 floor below our apt.

our general rule is use heloc for something we can pay back in less than 2 years.

Investment Info:

Single-family residence wholesale investment.

Sale price: $170,000

This house was a screamer!!!

LOCATION was everything and more. Just a 5 minute drive from Buford City Highschool! Pic...

It has a tenant facing portal where tenants can pay their rent, which the app deposits into our account the next business day (even though ACH payments do not regularly settle for 4 days!).