Will they finance 100% of the purchase and renovation or will they want skin in the game (you putting money in).Most do not do 100% funding so beore going down more rabbit holes, make sure you have the $ aspect situated first.

Check out this podcast from BP, with Dave Meyer and Chris Clothier from Nov.we work with clients all the time in your situation and can help strategize your portfolio to reach your 10-15 year goals!

A good securities law attorney will be able to advise you, on your specific situation.

I’m unfortunately in the same situation.

.🤝 A Place for BothHere's the thing - it's not really an either/or situation.

Here’s the “skinny” on almost all subject to situations.  

Apartments are the least ideal living situation for us, so what if we got stuck in a multifamily property we intended to just be in for a short time.

The 2008 timeframe was different and in situations a lot harder than now, but this market will shape a lot of investors that found their new market, product to focus on, and/or to dive in deeper when times get tough.   

I’m writing to get general thoughts on this situation.

Call the credit card company, and let them know the situation.