I am debt free!

Feel free to reach out if you are looking around up here, 20k lots do come up in well traveled tourist areas from time to time. 

Refinancing has no penalties and is tax-free.

If you want to run the terms by me, feel free to reach out directly.

That $200k can drive much higher and more balanced returns (read: free annual cashflow AND earned or unearned appreciation) by being reinvested in something with more units rather than staying stuck in an SFR.Remember that the concept behind BRRing is to add value to a property, then convert that value to cash that can be used for another property. 

Feel free to hit me up if you’re from this area and if you know any good REIA to join around here!

Tom Wheelwright spends a chapter discussing this in his book "Tax Free Wealth". 

We are part of that group so if you have any questions feel free to DM me.

I am about to place an offer on a new property than can really unlock great cashflow and push me closer to my goal of being financially free/independent.

There’s also a greater risk with seconds - especially with a 1st mortgage that isn’t in the new owners name - that could be asking for an escalation clause to be triggered any day.