Are you needing a long term or bridge loan?

So the question is whether your house is a good rental investment long term.

I live in California (Central Coast) and have built a 12-door portfolio in Detroit, which has been a great market for both cash flow and long-term potential.Detroit still offers properties well below the $150k mark, with strong rent-to-price ratios and a market that’s seeing growth in key areas.

I just keep using my rental cash flow to pay off these short term loans.

I am a long term hold investor so that would likely be my play.Good luck Sean!

Tampa, Riverview, and Wesley Chapel are booming for BRRRR and long-term rentals due to job growth and population demand, while St.

Personally If you like your current residence and hope to stay there long term I would forgo major improvements on my primary and use all investment savings to make you more money and cash flow. 

If it's worth that much, taking a HELOC on it should not be an issue at all long-term or short-term as long as the bank will do it.

As with every loan process, there are terms and steps the foreigner needs to follow, such as the loan application, which includes pre-qualification and property evaluation.

If you don't want that, I would sell it or put it into storage (which may not be financially feasible), but long-term renters are hard on furniture that is not theirs.