I am thinking about purchasing land for the intention of using it as a RV & Boat Self Storage.

Most of our loans are fully amortized and those that aren't, are 10 year balloons where we'll have more than 50% equity (at the purchase price) upon loan maturity in 2030+. 

No, refinancing isn’t an option because of how we purchased the property.

This Abbeywood Dr property was an attractive opportunity due to its below-market purchase price and strong demand in the Decatur area.

Purchase price max 120k$Looking to purchase in the next 6-12 monthsTIA I think focusing on areas your current property manager can serve if you're happy with their service.

I can do that through charging points, but since I'm getting it at a lower rate than you could as a consumer, I prefer to mark up the rate while still being lower than most others in the market.

It's even better if you've done it with land that was purchased at an auction!

I paid cash for the property two years ago and want to get some of the equity to purchase another property.

Purchase price: $990,000 Cash invested: $350,000 Purchased this home with my former partner back in 2018 and we put 200k down.

While not mandatory to purchase in an LLC, I would recommend it.