Bridge Loan: A bridge loan could provide the $150,000 you need until your tenant-free property sells.

Generally speaking, these are roughly $1500 / pier give or take depending on the crawl space height.If you need anything - feel free to reach out to me (contact info in bio).

You can use it as a downpayment on a property over $450k and use leverage tax free.

This means that if you pay off the loan too early, then you'll pay a 1-5% fee off the loan amount. paying off the loan early means you either refinance or you sell the property, both would trigger a prepayment penalty to the lender. that being said, you can choose your prepay options, 5yr usually giving you a better interest rate by like a 0.25%, 3yr being most common and standard, and a 0,1,2 yr where you can buy down the prepay to be less years. meaning you pay 1% upfront of the loan amount to get a 1yr prepayment penalty so you're free to sell the property or refi after 1yr. 

If you ever want to chat more about this... or if you're curious how these strategies play out in markets like Austin or Scottsdale... feel free to reach out.

Feel free to reach out anytime!

It includes HVAC filter and a few 'free' things (like one free lock out or something like that).

Feel free to reach out if you ever want to chat or bounce ideas around.

This owner found a free lease template online that provided very little landlord protections. 

Feel free to reach out if you have any advice for a newcomer or if you're also investing in the Kirkland area!