It's a comprehensive guide to finding and funding a private loan in a safe and secure way with all the key considerations you need to be aware of before sending money to anyone.

Although it was in good condition, we earmarked some funds for further improvements, including repaving the driveway, installing a new privacy fence, and making select upgrades and repairs inside the units.One of the standout features of this property is its prime location near the vibrant downtown area of Bryan, with easy access to restaurants and shopping, which added considerable value to our investment thesis.Initially, our plan was to utilize the duplex for Airbnb rentals.

I am definitely taking all this into consideration. 

Code for new living space has been 7' ceiling heights for a while.

Seems to me that the % ownership should be tied to actual cash in the deal with consideration for other work involved in making the deal happen. 

Used mobile homes here in WA state sell well and for considerably more than 5K, even if they need to be moved.

Homes built in 1878 involve some unique considerations due to the age and historical value of the property.

This area is slated to be the next biggest development in the next 10 years.From my calculations, this seems like an ideal move, but I'm aware that there could be considerations or risks that I haven't thought of.

Those are all computer algorithms that can't take specific details into consideration like paint color, flooring, countertops, room layout, quality of neighbors, and many other factors.Use their numbers as a beginning analysis but then actually look at comparable rentals on the market and compare them to yours.

I searched and found one HELOC lender that handles investment properties and below are some of the requirements.Typically a credit score of 720 or greater.A maximum loan-to-value ratio of 80%.Cash reserves covering six months or more and for rental properties, proof of long-term tenants.A debt-to-income ratio between 40% and 50%.There are higher interest rates on an investment HELOC than on a residence.1031 ExchangeAnother consideration is whether you want to keep the property.