Our house is already paid off.

The remaining balance is paid once the project has been completed. 

Asa result, we are seeking alternative methods for acquiring off-marketproperties.While we havedeveloped a robust system for identifying and pre-qualifying potential landparcels, one of the major hurdles we face is reaching the property owners.

Our total invested into this property is 1.14 million among 10 investors (this amount does include a 250k seller carry loan to be paid off by the 2 of the investors over 5 years).This property was up and running starting December 15 and we have had it pretty booked since then.  

We’re pleased to share that the tenant paid rent on the 3rd, just before late fees would have applied. 

If you take the heloc to pay off siblings, I would still offer a big "Cash Now" discount so that they get paid quick.

So I would like to get the opinion of some experienced investors.My goal is to buy (3) three to four multifamilies.I inherited a 3 family fully paid off and own my current home.Between the two I have roughly 550-600k in home equity.  

Paid him separate $4,000 USD. 

The human race has historically been poor at predicting future, so it's wise to prepare for multiple scenarios.Mortgage rates in 2025 may decrease slightly if inflation stabilizes and the Federal Reserve eases rates, though they are unlikely to return to pre-pandemic lows.

Lenders get paid at closing.Consider developing a better process to find and vet your lenders, Torianne.