Home equity is the difference between what your house is worth and what you owe on your mortgage.

If you're located in WI, check out Premier Point Realty and Homestead Realty....both offer the licensing course at a discount and some of the lowest fees/commission splits in our local market.

-> Funding: you can consider as options mortage brokers who can scout/compare the best offers in the market and you can also consider public funding programmes that exists as an incentive to renovate and bring houses to the market, either for tourism or traditional rental.As an example, on the traditional rental there is a funding program ("Arrendamento Acessivel") that funds up to 90% of the project and can be used to cover part of the renovation costs, as well as, part of the purchasing.

Also find some funding and some friends that can help catapult me to where I am trying to go.Welcome back Jerome!

Build a strong team with experienced lenders, real estate agents, and property managers, and educate yourself through books and podcasts.

Over the last several years I've been in a heavy cycle of acquiring and building rental portfolio, flipping, contracting, and being a realtor.

For instance, many tribal lands are exempt from state and local property taxes, which can obviously lead to significant savings.

That's three months of mortgage and utilities, the cost of flooring, and the cost of painting.

Turnovers and vacancy kill a rentals profitability.

So either you pay for the repair out of the idle cash in your account, file an insurance claim and use those funds, or rollover/transfer funds from another retirement account to cover the cost.