This can provide additional capital for future investments and get the next one.Or evaluating other loan options:Depending on your long-term plans, you could explore conventional loans or portfolio loans that might offer more favorable rates or terms with the new appraisal value factored in.Your decision depends on your broader strategy.

I recommend targeting emerging neighborhoods with strong long-term growth potential, where property prices are still affordable but demand is on the rise.

Thanks, it all sounds good as long as I can avoid paying hefty taxes and generate cash flow.

Yes, agree with the above:--good communication with your insurance company--liability insurance-- fencing, signage and safety measures in place

I'll be 45 next month.option A) Kiyosaki Model: Don't sell and run either long term or short term rentals through it for a year to show income on the property than pull a $300k mortgage on it to build another house in the same neighborhood... repeatoption B)  Ramsey Model, Sell it for $600k.

Fortunately I stopped borrowing on bridge debt a very long time ago so I've managed to avoid some of the distress you are seeing today as these bridge loans are maturing. 

Why spend 12% for someone to manage a property in good shape where you just collect rent and respond to an occasional need?

I would like to find a way to generate additional income and am exploring options other than having a long-term roommate.

Deals and partnerships started flowing in when we focused on providing value first rather than chasing transactions.What’s been the biggest shift in your approach since getting clear on your long-term goals?

Hello all - Long story but any help would be much appreciated.• I purchased a small 1B/1Ba condominium in a high rise building in 2004 for personal use.• In 2010, I moved out and decided to put in in service as a rental unit.• I was able to keep it well occupied and leased throughout 2024.• I sold the condo unit in late 2024 for a nominal profit.That brings us to today.