Hello Everyone,I was talking to an investor in regards to financing and his suggestion was to get a 500k loan to put towards all current debt, but wasn't sure all the factors that may be implicated with going this route.My current portfolio has 2 properties (1 LTR, 1 MTR = 370k), and current debts: HELOC at 54k and a vehicle at 40k. 

Every day, the Chemical Plants (Dow, Shintech, etc.) and residential neighborhoods that surround the site of this location provide a high traffic count.A great opportunity exists for a tenant that is willing to market their business to travelers of Hwy. 1, the residents in the surrounding neighborhoods, and neighboring communities.How did you find this deal and how did you negotiate it?

I’m glad you’ve identified the first vehicle you would like to take.

A simple 5% return per year gets you $50k/year...and you still have the $1M to adjust to inflation by reinvesting into different vehicles along the way.Focusing on taking the long term returns ($$$/year) can be a better choice, but you have to look at the long term impact with all your options, compare them, and then make a choice.Do you think they teach that in school now? 

You'll be one of the wealthiest people you know by the time you are 40.As you gain experience, you may discover you hate dealing with tenants and this is the wrong vehicle for you to build wealth.

The most important advice is not to get emotionally attached to properties (If viewed as an investment vehicle, Owning for personally reasons is difference).

Looking for someone with information about tiny home living and if it’s possible to create a “recreation vehicle” type of arrangement for tiny homes.

Long-term rentals have existed forever and are a proven investment vehicle.

Hopefully they won't delist you since you took action and updated your listing right away.Is it possible to collect the fee up front, then document the vehicle information upon arrival? 

You have fixed expenses for office, vehicle, insurance, equipment, marketing, license, CE and like 30 other little things of let's say 10k a month.