They have had 100% occupancy at market rates and currently bring in around $2,000 per month in cash flow.

Quote from @Kristi Kandel: Helping LA Communities Rebuild After WildfiresWhen Hurricane Ian hit Fort Myers Beach in 2022, it changed our lives forever.

If you're comfortable living where you are, equity in your current property or your savings rate would be the two other ways to get your next one which is going to be much slower.

I think most investors want to win on more than just the interest rate.

This is a self directed RRSP or TFSA account that allows you to lend your money out to people with the backing of their mortgage for a high interest rate. 1st, 2nd, 3rd mortgages, down payments, refinances, flipping or renovation money.

You do not have to change anything.If Yes, Are both of you members of the LLC?

Interest rates between a HEL and a refi are comparable, the equity in the property is equal to the value of the property and I only need about 50% to purchase another property.

.- in this higher rate market, i find BRRRRs to be challenging because after a high LTV refinance the units have negative cash flow.  

The Pearl is predicted to turn this area to a GLOBAL medical hotspot- forever changing Charlotte!

Just make sure you’re comfortable with the interest rate if going either route.