With rates where they are at I can refinance and rent my current house, starting my real estate investment empire :) I talked with the mortgage guy at my bank and he said I had to live there a year after I refinance...true???

The fact that you are paying cash has absolutely nothing to do with the true cash flow.

Cant wait til I am traveling the us on a real estate shopping spree.

This is the only way you will gain a solid understanding of true market value.

Technically, that is not necessarily true.

Originally posted by Courtney S:I got from county records/appraiser site Most county appraisals or values are for tax purposes and have very little to do with true value.

Then I would not make your LOI offer based on what was given to you, but what you "know" to be true.

Come to network, talk shop, and enjoy yourself.We're going to try and formalize the gatherings a bit with speakers, but expect the usual laid back, easy-going networking event!

That equity could have been cashed out and put to use if I flipped the property but instead is parked in this rental property so there is some opportunity cost there that brings my true yield down further if you factor it in to calculate the return on equity.

It almost sounds too good to be true.