The issue is I need a little capital due to another renovation but I can’t cash out refi the lender cause my credit took a dip just below 660.

Hi Megha,Generally speaking, our capital partners are okay with cabin-style homes in the Smoky Moutain region used as STR/LTRs, but we would need to see the property to get a better idea of whether it is a match for us and our partners. 

The idea is to learn the business as a whole, and learn all the strategies, and to learn when to use the strategies.I would also be careful joining a group that is going to teach you to syndicate, yet they are raising capital from their students.

I have recently done wholesale deals to build enough capital for down payment.

Does anyone know what I would pay capital gains on in MA? 

How do they handle future capital improvements?  

We financed the Dearborn St project using our standard Partner Driven strategy—covering all the necessary capital for the acquisition and renovation.

Generally, for the optimal refinance, these are top of mind for BRRRR strategy investors:Return of capital: The key “secret sauce” of the BRRRR method is to build portfolios using the same capital over and over—which relies on getting your basis (or more) back on the refinance, where basis refers to the money you invested in the property (down payment and cash used for renovations).Speed: Refinance lenders use the term “seasoning” to refer to the amount of time (typically in months) between the purchase of the property and the refinance.

Our direct negotiation approach allowed us to quickly finalize the deal, ensuring we could capitalize on the opportunity without delays.

(Yeah, that last one was a snarky comment.)CONSYou lose the homeowner capital gain exemption.