2-3 years ago, everyone was coming out of Covid quarantine and they were spending money on anything vacation wise. numbers now are settling back to normal, but prices on properties havent rightsized yet

I am just waiting for an appraisal to come back to pull the trigger.

Based on these rough numbers and assuming that a market rental appraisal would back up your stated income, you're looking at a DTI of ~44% at today's generic rates.

We made the initial investment back in 2017 utilizing notes to avoid paying UBIT tax getting a fixed rate of return and equity upside.

My husband and I have been wanting to invest back into real estate since we sold our first home in 2021.

Now that the property is refinanced and stable, I'll be heading back home."

Therese a whole back story.

Using that 1 percent rule I hear, to make sure you make money back on the rent thats paid.

We just got back from visiting the area and have decided that we want to buy in Bradenton, FL since that area seems to fit us best and our future needs while also still being within our current price range (<$450k).I have already listened and watched many BP webinars and podcasts and am about to purchase David’s book, start with strategy since I feel that’s the best next step for me and my husband to get our plan onto paper and to solidify our thoughts together (all while still saving money of course!).

@Holly Ross not knowing the risks can certainly make this more daunting. 1) 50k wouldn’t be enough or a worthwhile venture because of the neighborhood class that would put you in. 2) borrowing money wouldn’t have an impact on your current mortgage since that’s already in place. 3) worst case scenario if you’re doing the BRRRR would be that you’re absolutely unable to refinance the property, at which point the lender would take the property and likely sell it to get their money back.