Just keep in mind that using that emergency fund to buy your next property and having tapped a HELOC already may leave you in a bad spot if you run into a similar problem again.Also, I’m not 100% sure, but I have heard that personal loans don’t your credit more so than other types of debt so be sure you look into that if you go the personal loans route and then planned to finance your next purchase soon after.

My biggest advice for people would be as follows.Know why your in the real estate game, and why a specific niche.

I have a goal of purchasing a small multifamily this year, so I want to start making the steps to make that happen.

I have a very nice friend who wants to lend me money to purchase a property with no interest.Will I have to pay taxes on the private money loan?

I'm currently planning to purchase a commercial multifamily building in Chicago with the proceeds of a 1031 exchange.

I like to stay in the working class areas as they make enough to pay the rent and bills, but don't have the financial discipline to save enough to purchase their own home. 

Specifically, where are the opportunities and how do you spot them? 

I appreciate it.Aside from the option to be added as 'additional insured' they have the option to purchase a  "ProtectionPlus Bundle' from Surevestor, which includes several things like protection against eviction costs, wilful damage to property, over a $1 Million third party liability protection, loss of rent protection for 25 weeks etc.This is $50/month.

Hi @Scott Weston,Hope you ended up following through with purchase.

Purchase price: $85,000 Cash invested: $33,000 Cash flow is after all expenses including vacancy, maintenance, and capx deductions.