Quote from @Lisa Albright: Hi All,Newbie here, just a quick question we are building an addition on our second home, we have a primary residence, and two rental properties.

Have you explored taking a heloc on the current residence?

Investment Info:Single-family residence buy & hold investment.

You could buy a home for a primary residence, rehab it, and then sell it after living in it for 2 years as your primary residence. 

Tons of equity.

Quote from @Kevin Gamboa: Investment Info:Single-family residence buy & hold investment in Las Vegas.

Consider transaction costs as well as losing the principle residence exclusion.

My mother originally agreed for me to refi some money out of the equity of a house we co own but then she changed my mind after I signed the contract on the guesthouse.  

We have a Townhouse on Oahu that was originally a primary residence which we turned into a rental back in 2018.

If loan balance is $300k and it's worth $400k and an equity partner puts $40k to bring it current then they have about 40% of equity in the property - now they would not take straight $40k as probably more costs involved.