If it then works out that the house goes up or down in value just ignore its value unless you are willing to sell.Having a bedroom on the main level or other factors could be more important to your future happiness than trying to keep the value of the house under X% of your net worth.Flip it around.

I live in the Metro Detroit area (Macomb County), so there are plenty of fresh foreclosure listings every week.I would ideally like to pick up a property for 50-60% FMV, fix it up, and live in it while trying to sell for a profit.

:roll: But I am still fixing them up and selling them the thing is I am planning a hold time of 8-12 months when I purchase these and just factor it into the initial purchase price.

All these factors are the main reason we always offer free estimates, there are just too many variables involved.

An Unsecured Line of Credit is absolutely ideal for a deal or situation like this.

our rentals are long term SFR -- but I must say that landlording from afar is only possible becausea) we have family or super good neighbors within 1 hour of the housesb) we screen our tenants quite a bitLong distance landlording isn't ideal - but its the best option for us right now.

Is this not the ideal time for something like that??

I have a select number of direct commercial lenders that I deal with and I don’t shop deals.

Average and median are not the same.Also understand that there are likely a number of factors you should be considering.A large positive for LV is the fact that the population keeps growing.

Your credit might be crap and the key factors might be events that are still going to keep your score low.4.