Once you evict them and are ready to rehab, you have various loan options to cover the renovations costs and pull out equity.4.

You have to guarantee the loan but you are not a buyer of the property. 

Start by researching areas that fit your goals, understanding financing options like FHA loans, and using the 1% Rule to evaluate deals.

I have purchased apts. in foreclosure because the lender did not know that they had negotiated a non-recourse loan with the owner. 

I'm also bringing another investor (Strong) who will take out a loan for the 250 Be careful of the various rules.  

My vision includes developing the land into a destination with features like driveways, walking paths, utilities, and unique lodging structures.Here’s my tentative plan1.Place the existing STR in an LLC2.Apply for an SBA small business loan to fund the next steps, including a feasibility study (~$10k+), land clearing, and infrastructure development.While this direction excites me, I’m torn between pursuing this venture and continuing with a more traditional approach—buying one home per year using conventional loans.I’d love to hear your thoughts:•Has anyone transitioned from STRs to glamping or similar ventures?

If you pay cash you'll pay yourself back percentage back, if you use the a hard money loan the refi would pay that off and the difference would go to you

No offense, but absolutely, positively in no way shape or form would I, as a lender of over 30 years, provide a loan to someone with no out of pocket capital.

I have part of a 401K loan to payback and money borrowed against my HELOC.2) Maintain a yearly savings rate above 55% for 2025.3) Purchase another rental before the end of 2025.

Commitment Letter: A loan term sheet shows intent but isn’t binding so that brokers may see it as preliminary.