It's about finding a situation where you can force enough value to create a 20%+ equity position. 

If the numbers still work, you’ll be in a solid position to proceed.

Consolidating CC typically is a net positive, when we come across that there are a few ways to leverage equity in your home to do that so you can save monthly and get the balance down faster. 

However, in such a case, a rescue fund would hold a superior position in the capital structure compared to the common equity investors, including yourselves and there acting as a parasite taking equity upside from all common equity investors.While this might provide a safer position for the pref equity slash rescue fund, it would also significantly impact the returns for common equity investors (previous guys).

This creates a negative initial position.

In other words, we are going with something that won't cash flow positive and we're okay with it.There are definitely cabins that will cash flow positive, especially if you get something smaller that is likely under $300K.

We pride ourselves in keeping the forums positive, helpful, and focused on real estate (please, no politics, religion, etc.).

I have funds tied up in other projects at the moment but my inbox is FULL of solid deals.We are familiar with some companies that do this.Som will only do first position loans so in many instances you need to refinance out through them and it can get expensive if you ahve a low interest rate.

Im at base pay since I Just started, top pay at this job is at 5 years and we make 100k base pay, there are guys easily clearing 160k due to OT and other extra money functions. we also have a lot of opportunity to move up in position, Supervisors clear 230k like nothing so right now I'm not making much but long term this is one of the best city jobs to work.

Be strategic—don’t rush it, but plan for it.4.Understand Property Management's Role in Your Bigger Vision: For me, PM is a spoke in the wheel, not the whole business.