Now I know with that we got a great interest rate and at first I planned to not pay it off early as our tax break is helpful.

My plan is to essentially by up the scrap lots left in newer subdivision neighborhoods by big developers, build sub 2,000 sqf single family homes, and market them between 200,000$ and 300,000$.

Except it's expensive.

Take into account elements like the down payment, closing fees, ongoing monthly expenses, and prospective rental revenue.Market Research: Find communities with high rental demand, low vacancy rates, and potential for appreciation by doing in-depth market research around the Portland metro region.

LLC's are great, but it's probably overkill to have one for each property, as that can also get expensive to maintain.

Wait a few weeks to see what the post office says and then work on a payment plan.

@Hitanshu Shah-congrats...assuming the 4 plex will be a rental - your best bet will be 25% down and likely a 30 yr fixed program ....if you plan to sell or refinance  the loan within a few yrs - focus on the option  with the lowest loan fees 

Good Morning,Myself and a partner are creating a business plan with the hopes of Raising 1million for REO, SFR, Wholesaling deals.

My question is why you’re buying it as a primary in the first place if you just are planning to move right back into your current primary?  

In summary you need to be committed for the long term which can get tough when rent barely covers PITI at purchase and you get a large cap expense.