Challenges?

Finding a lender that offers a HELOC on an investment property can be a bit challenging, but it's definitely possible.

Challenges?

Challenges?

Challenges?

And while it has it's challenges, I love this area for long term rentals.

Even better, I might be able to snag it well under market value since it's an estate sale that's been sitting on the market for nearly 200 days.Here’s the challenge: while I could afford to purchase the property under market value, I’d be stretching my budget thin to cover the mortgage during the period I’d be remodeling the basement to make it rentable.

Challenges?

Challenges?

One challenge to manage is being able to clarify for lenders on those rentals (if you have them) which amount of the premium should be paid for each rental so that they do not include the entire premium into their escrow analysis, inflating your monthly payment on that rental.