Quote from @Otis Clayton: Quote from @Jake Baker: @Otis ClaytonWe typically fund with a combination of Hard Money and Private Money. 

If you take a loan to pay for your mother-in-law you are taking on that debt in your name.

While the terms on the assumable loan and seller carry are attractive, confirming NOI, expenses, and lender terms is essential to ensure it’s a viable and profitable deal.

if you need $200K for a project, no one is going to loan you $200K - you need a down payment, holding costs, and you need to know what you're doing or you'll just turn that $200K into $150K.good luck

House HackAttend as many REI meetups as you can to grow your network of investors for referrals, help through challenges you may incur but don't have experience with, and learn from proven guest speakersNetworking app like blinq to compile all of your contacts for REI in one area with phone and emailbegin conversations with local credit unions exploring what type of loan products they offer

Further, the property may qualify for larger loans based on the increased cash flow ability to service debt.  

There are some that are great for sure, but I have currently heard terrible stories about people putting money in the last 2-3 years and losing it all, capital calls and losing the whole deal due to bad bridge loans (some coming do very soon). 

For example, I mention that every adult must pay a $30 application fee, pass my credit/criminal background, make a combined income of 3x the rent, and whether or not the property accepts pets.

The advice I have received is that HELOC’s should be used for short term loans only with a definite plan to pay it off. 

@John BowensAre you loaning from a pre-tax 401K or did you convert to Roth and then loaning from there?