If you prepay 15% you’ll probably get a 5% return.What we didn’t talk about was ability to acquire new debt, cash out refinance costs, cash flow implications, tax benefits, liquidity or risk management which is another post.My intention on my property is to prepay about 4% to move the cash out refinance for another property up by a year and let additional investment money ride elsewhere.

Thanks for the responses everyone, the confusing part to me was if I use the deductions against active income year 1 since STR's are an active business, but then switch to LTR's year 2 which correct me if I'm wrong can't count against active income- if this in some way has a disadvantage with recapture, etc. since the STR business would no longer exist

Market supply remains healthy, hovering around 1.5 months of supply if no additional inventory was added.

Constricted supply of housing will continue to drive rents and appreciation. 4th lowest property taxes in the US, no state income tax, and landlord friendly laws. 

@Gino BarbaroI love your approach as I have a similar approach.Go big or go home isn’t always the right approach.As you note, in a market where one has a strong existing footprint, it’s easy to pick up additional smaller assets.That’s what we do in Greenville SC.It’s our only market and we own buildings that range in size from a triplex to 181 units - doesn’t matter to us.

My question for you is, is it a wise decision to take a mortgage loan on those two condos so that I can purchase a new investment property (in addition to single family house which is an obligation) using DP approach?  

Additionally, the resilience of smaller banks in the face of market challenges contrasts with the vulnerabilities of overleveraged private investors.Navigating the Market: Amidst these uncertainties, investors must heed the warning signs of potential capital scarcity.

Hi,I want to get started with real estate investing, specially interested in setting up passive income through rental yield.

My long-term goal (10-15 years) is to own cash-flowing 20 door+ multifamily properties as a form of (semi) passive income.

In order to start making passive income, I would need to put in about 60k to fix the basement.