My concern with the home equity loan strategy is I'd still have the first home mortgage, the equity loan, and a new mortgage (albeit reduced from the down payment).

The lack of communication is typical in this business and a reason why we opened and have done well. 

Quote from @Laura Morlock: I have an opportunity to purchase a very beautiful and unique property - striking century manor house directly on the river, 1.5 acres, huge detached garage/workshop, in a quaint little town 15 mins to two major cities and a little under an hour west of Toronto.I know the property inside and out, it's turnkey, and I would love to own it, but I don't know what to do with it.

I have an offer in on a property setup exactly the same with big house in front and a little additional unit.

I successfully operate a small portfolio (3 duplexes and three single families) out of state and a good  property manager is essential. 

The reason for this is because most mechanicals electric plumbing are more in line with today's code, and a lot of these properties typically need more cosmetic type of rehab.

Inflation / Recession: The media has bombarded us with news about recession and inflation and a lot of people are scared and/or having financial problems and have put their vacations on hold. 4.

If I see another nonsensical, made-up definition explaining the difference between a Hard Money lender and a Private Money lender, I think I’ll scream.

Hi everyone,I follow Pace Morby and a couple of other creative finance masters on social media.

It's understandable that you're seeking to invest in real estate to secure your financial future.Background and Financial Situation:Given your circumstances of having $150k in cash from an inheritance, a credit score of 756, and a year of work history, you're in a relatively strong position to begin your real estate investment journey.Strategies Considerations:Out-of-State Investing:Investing in areas with lower property values and employing the BRRRR strategy can be a viable approach.