Together, my partner and I (mid-late 20s) make around $355k pre-tax but don't have much in savings at the moment.

Our household income is currently $320k pre-tax, but I might be getting a new job soon, which could bump our income to around $380-400k pre-tax.Initially, we planned to buy a property and convert it into a duplex, but with houses in our area starting at $650k, we've started considering a different approach.

Consult a lender and get pre-approved before worrying about which areas to target.

If you can get that main piece off in one piece, it could be re-cut.....but then you have to find a buyer who wants that exact color/style instead of going and buying their own..... there are so many cool products out there nowadays, even pre-finished.

We are outside of the standard build warranty, but are continuing to discover MAJOR corners cut, and getting repairs and pre-emptive fixes is costing us lot.We are estimating $20,000 in total expenses that we are going out of pocket for due to poor workmanship.

Or even better, pre pay with your visa card for 20 minutes worth.

Any thoughts on investing luxury pre-sale homes in Las Vegas, especially if you have to put a large down payment to get it started?  

Hey Zachary I think it's essential to look beyond mere interest rate differentials and focus on strategic benefits, particularly if scaling your portfolio is a long term goal.Key considerations:Pre-payment penalties: Determine if the HELOC has any penalties, impacting your flexibility payoff.Scaling strategy: Evaluate the scalability and limitations of each financing option.Advantage of HML: Allows scaling without hard credit pulls, and no pre-payment penalties.Holding costs: Factor in not just interest rate differences but also ancillary expenses as well as overall goals of scaling.Example scenario:Property purchase for $120,000 with $30,000 renovation.

Waiting to get pre approved on 4 applications to see our options and then we will offer on 5 of 15 properties we saw, that we are very interested in.

I obtained a signed pre-approval from a lender for a short-term rental (STR) investment at 80% LTV.