They purchased it for $3m, put $750k into it, we expect it to appraise for $5m, and are seeking loan proceeds of $3m.Here are three commercial mortgages that might be a good fit (click to enlarge, if necessary):Not listed there, but from left to right: Points are 1.25, 1.5, and 1.Prepayment penalties are 5 years, no, and no.The way to read "3/25, 15 years maturity" is that the rate is fixed for 3 years then adjusts, it has a 25 year amortization, and a balloon payment at the 15 year mark. 

But using a HELOC is a risk because a) the liability is against your primary residence and b) current interest rates on HELOCs, which typically adjust after the initial term, are anywhere from 8-12%.

The NC return is correct as is in my opinion.Remember that states often piggyback off Federal amounts, often AGI or taxable income (then make upward or downward adjustments for things like 179 or depletion).Since the passive loss did not enter the taxable income calculation at the Federal level, it won't flow to the state return when NC piggybacks.

It will give you the time to adjust your pricing strategy during different seasons and give you time to gather reviews which impacts your booking rates. 

This can mean some improvements, new and more resilient tenants, or just some attitude adjustments.

These properties which are almost identical to my property are valued at $100k or more less than my property.

This includes a 4.2% increase in rent costs and a 2.5% increase in homeowner's equivalent rent.New Residential Construction Data: Housing starts increased by 3.6% in May 2024, reaching a seasonally adjusted annual rate of 1.72 million units.

We just adjust our rents accordingly based on average cost of the water.

The new contracts are not release yet but here is how it is going to work:* Buyer's are required to sign a agreement with their agent that sets a commission amount* Seller's will sign a listing agreement only for the listing agent's commission* Offers to purchase will include a buyer's agent commission amount* Offers will be presented as net to the seller* Buyer's may have to cover the difference between their contract commission amount with their agent and what the seller is willing to pay.One important thing to note is when we run comps on the MLS both commissions were always included, so that needs to be adjusted if a seller is not willing to pay a commission. 

I adjust this number to something I consider realistic and add anticipated capital expenditures and costs of replacing major systems divided by 15 or 20 years to arrive at an annualized expense.