If you're looking for areas with nightlife/ young people, have you also looked at Middletown?

🔥 Have you successfully helped someone redirect bad financial habits into real estate investments?

Not a dumb question at all, but getting a $100K loan with no track record is difficult.

At appraisal it was worth $500K and it is in a neighborhood where homes that are on a third the size of the lot are going for $800K.What's the best way to get a loan, about $150K, to rehab his house and get it ready to sell.

We still do not have enough inventory to meet demand which is why we still have multiple offer situations in most parts of the metro arear. 

Quote from @Mary Jay: Quote from @Jay Hurst: Quote from @Mary Jay: hi guys,so I have a lot of equity in one of my rentals but the interest rates are super low on it. so I dont want to do a cash out refinance on it because I dont want to lose the 3% interest rate on it.I want to get some cash out of it via Heloc or another vehicle,  so I could buy another rental, but its not my primary, so I cant get a HELOC on it from lots of banks....I think PenFed does helocs on rentals, but because I have more than 5 rentals, I dont qualify for their HELOC loan.IS there a bank that would give a HELOC/cash on a rental?

We have an existing mortgage (backed by these 2 lots and 2 others) and given the increase in appraised value there is no need to pay anything back to the lender when selling the lot.

The borrower must have a good deal from which they will make a fair profit.

You should consider making an investment in an area where you have a competitive advantage others. 

Guessing the have a strong lobby...in more ways than one.