Property managers,I’ve noticed more landlords pulling cash-out refis to reinvest in additional properties or improve existing ones.Do you see refinancing as a momentum builder for scaling, or does it add too much risk to long-term stability?

That’s the lowest risk way to get started as you need somewhere to live anyway and ideally you can reduce your housing expense which can more properties or add value to your existing properties.

Another option is to find an investor willing to take it subject-to (they take over payments on your existing loan).

Any one want an existing $1mm house or condo for $250,000?  

(Low chance though)Mold was clearly pre-existing, but inspection was waived.Previous owner seems to have knowingly concealed the issue.Question👉 Has anyone dealt with a similar mold + nondisclosure situation?

They usually know what’s been approved recently and can give you ballpark costs for a duplex build vs. other options (like adding a rental unit/ADU).From there you can run the numbers: would it make more sense to build, live in one side and rent the other + your current house, or sell off part of the land and roll the proceeds into an existing duplex somewhere else?

When the existing vacancies get filled up, rents should start to improve. 

But you can get a 3-4 bedroom house, rent out the other rooms while you live there and will probably get further ahead.Look at your current expenses and see what you can do to pay down your existing debt as you mention it is restricting how much you can borrow-see if you can increase your income and work on saving more (and spending less) to get to where you need to be faster.  

.📅 Coming Up This Week• New Home Sales (Wed) • Existing Home Sales + Q2 GDP final read (Thu) • Jobless Claims (Thu) • PCE inflation report (Fri — the Fed’s go-to gauge)Catch you next week, Derek Brickley

The existing homes will be cheaper than new builds, so you might be able to find a deal due to price compared to new builds to offset the new build cost/repairs.