The interest rate on a HELOC or Heloan may be better than the personal loan. 

If so, be sure to find the appropriate forum category and ask away.

They’ve already made a name for themselves in Mexico with projects that blend eco-friendly practices and thoughtful design, and now they’re bringing that expertise to one of the most popular markets in the U.S.For investors, this could be an exciting opportunity to work with a developer who consistently delivers quality and strong returns.Check it out:  Travel weekly by Northstar

After the loan is drawndown I need to immediately start making monthly payments for the next 60 months.

The first is that there's no consensus between tax professionals, and the second is that you will not like my personal interpretation.My interpretation is:Until the property is "placed in service" - everything goes into basis.Illustration.You buy a property July 1st.You finish rehab November 1st and put the property on the market.Your tenant moves in January 15th.The property was placed in service November 1st, and it does not matter that the tenant did not move in until the next year.Everything paid between July 1st and November 1st, including interest and utilities, goes into basis.

The payment on the refi would be about 40% of renting a place while looking for the next property.Thanks for listening. 

So far, it’s going really well, and I’m glad we made the shift.For me, the decision wasn’t about issues with self-managing but more about freeing up time and mental space to focus on the next steps in our investing journey.Curious to hear others’ experiences as well!

With the help of an investor-friendly agent How did you finance this deal?

Well, of course it depends on the individual circumstances, the amount of time comitted and the capital available.

Will bring cash to the table.