You can then get financing either through refinancing the entire debt stack or getting a second mortgage with the same bank that did the first mortgage.  

I prefer AZ myself personally (lived in Prescott 4 years and Tucson for one and loved both places), but for many people NYC can’t be beat especially if they’re trying to make a name for themselves in careers in finance, art, theatre, music etc. it’s practically a requirement to live there for certain careers.  

@Ryan Mcpherson   100% financing with no MI so I assume a VA mortgage? 

How did you finance this deal?

Commercial financing is 100% different (and easier lol)! 

I'm hoping to connect with some mortgage brokers in Puerto Rico who may be able to finance an investment property in Vieques. 

I'm an asset-based (hard money) lender from Atlanta with an extensive 15-yr background in residential and commercial real estate looking to learn more from the BP community and how I can help those that need investment financing. 

Financing:Learning about how financing works in real estate is key.

There’s not a ton of margin to play with these days when you’re financing everything on a flip on hard money loans.  

If you want help structuring a scope of work or exploring different financing options, feel free to reach out—happy to offer insights!