Lets say its $270k and you are financing $220k and it takes a year at 12% thats $26k in interest plus other costs etc.

I'd love to connect and see how I can help.DM me if interested.

Super interested in networking with people that are aspiring real estate investors like myself.

The great part about contacting the CDC directly (and a large one such as TMC) is they can make referrals to banks that would be interested in your project (i.e. banks that have been actively doing SBA hotel loans)...rather than you having to chase down the bank first, which can be very difficult.Regular commercial lending requirements are applicable (will vary by bank):1 - no bankruptcies2 - no foreclosures3 - FICO > 7004 - net worth >= loan amount5 - post closing liquidity >= 12 months of P&IIf this works out, you are going to be glad that you made this post.

Quote from @Jordan Wilkerson: Hi Greg, can you connect with me this group as well.DM me and provide an email address

This experience has provided me with a strong foundation in acquisitions, valuations, and deal sourcing.

If you have extra cash at the end of the month, then do double up payments on the mortgages so the principle is reduced and this will increase your heloc room.

I'm interested in going back, and would be interested in talking carpool. 

My name is Omar Santander a new investor that is interested in residential units (single-family and multifamily, with a particular emphasis on multiunit), house hacking, long-distance investing, BRRRR and mid/long-term rentals.

A lot of jurisdictions dislike density, particularly if parking is an issue and mass transit is not readily accessible.