Now, that may only take 6 or 7 chunks 10 months apart assuming I can repay that much that quickly. (70 months is not quite 6 years achieving the "payoff in seven years" goal, easily.)$10K out of my $30K line is only about 34% utilization maximum after I take each chunk.

To plan investment and future rental goals in Albany, research market trends, explore financing options, understand landlord-tenant laws, manage property early, budget for maintenance, and connect with local investors.

If they need to reinvest, how does sub to help them accomplish that goal?

My goal is to own my first house before I turn 22.

After discussing their goals, we realized they would like to maximize the property's value while also including me in the process, given my background in general contracting.

If you have other channels to list on, I recommend starting there and then launching on Airbnb/VRBO until you are within the booking window for your market.

Interest only loans allows them to get a goal profit of $500-$600 per month per property.3) Each acquisition would require 20-25% down at an 80-100K purchase price. 4) Closing costs, and the Eric Spofford turn-key transaction fee of 10K would be in addition to the down payment and were not included for the purposes of calculating the cash-on-cash return.

However, as I mentioned in my original post, my immediate goal is to move out of our current townhouse into a larger single-family home that better suits my family’s needs (we have a baby and a big dog).

As someone who is just starting out, I am eager to learn and grow in this field.Experience Level: New to investingGoals: My primary goal is to become a full-time rental property investor.

If he truly felt like I had wronged him, he must follow the proper channels.