However, I do think the experience was great for what it was worth and for how long it lasted.

Last question, how significantly would the APR improve if we leave 30% in vs 25% or 20% on a HELO? 

Today, that building generates enough passive income to cover his annual retirement contributions.You mentioned taking the 10% penalty, which I’d only recommend as a last resort.

I have learned a lot over the last ~6 months about furnishing a property, managing/pricing a rental, understanding the ins and outs of Airbnb/Furnished Finder, and analyzing real estate investments generally.My business idea is to use that knowledge and start a company that does the following:-Furnishes properties for investors who want to turn their LTR into a MTR/STR, new homebuyers who want to house hack, or just any investor needing a rental furnished.

I was an electrician for over 20 years with my last electrical job being shop foreman for a custom electrical control panel shop and UL 508 specialist.

I'm Matt Charney from the Detroit Michigan area, and I have been passionate about real estate investing for the last 5 years.

He left his job last year and my team found him a property to flip.

Ask for YTD paystub (you only need one) and last year's W-2(s).

Lastly, running an MTR is partially hospitality (like STR), but it is also a sales position (like all commerce).

A month after they moved in, the last landlord called me back and apologized for lying and stated he had been trying to get them out for a year.They had some items on the background check I could have used to deny the application.