An expectation of a cashout refi on the new property in the next couple years is unlikely to pan out unless you force significant equity into it once you buy it.

Hi, we are considering turning our long term rental property into a short rental.

I’m a disabled Army Veteran who is just starting my journey in real estate investing.I joined this community to connect with like-minded individuals, learn from seasoned investors, and build relationships that will help me grow into a successful investor.

Now we're seeing investors pouring money into buying Class C rentals - but, many are getting burned.In our experience & opinion, the main determinant of property Class is not location or even property condition, those are #2 and #3.

We’d like to keep the property as a rental, but access approximately $650,000 in equity to reinvest in other properties or securities.Would it make sense to transfer the property into our real estate business’s LLC?

I brokered the deal, brought in a partner, and co-invested to reposition the site into RV pads serving the local rebuild: traveling nurses, construction crews, and other temp workers.

I do not think its the mortgage that makes or breaks the investment but the location, tenants and how the property is managed that is what drives results

I'm looking to 1031 into a DST later this year.

If I can do that and break even on rent every month, I'm good. 

Love that you’re taking the leap into real estate—it’s such a powerful way to build freedom and flexibility.