If a private money partner were to get into this type of deal, they'd have no choice but to take over the deal and making every effort to get it cash flowing before it gets to that point.

.- While MTRs can be any size property, the bedroom/bathroom count is really important, especially with larger properties.

Feel free to inquire about their staff qualifications if it's a larger organization.2.

I'm sure your hard money bridge lender of choice could also get you juicy 80-90% LTC financing to fund acquisition and value add reno capex costs.

Click on the HCV Homeownership Dashboard on the Housing Choice Voucher (HCV) homeownership program to see how many participants there are in the Austin Housing Authority.

If the spread was larger then the amount of time involved might be worth it.It's always time versus return, risk to capital, and how hard you have to work for it.        

It's not likely your friend was saying that you would get another HELOC to go in 2nd position (banks don't like to do a HELOC behind another HELOC).My guess is he's saying you get another HELOC with a larger available balance, and use that HELOC to payoff whatever is remaining on your existing HELOC.

The top area choices for 2-4 unit multifamily investors have been:Valley Stream & Port Washington: 14 deals, respectivelyLong Beach: 11 dealsLynbrook: 9 dealsSuffolk CountyLike the Bronx, Suffolk, too, saw a 43% increase in 2-4 family inventory.

Since my last post, the price has dropped from $70k to $50k, so I think I made the right choice.

Add walk in closet & larger master bath.