You probably also have an opportunity to trim some fat on your PM fees if you still want to outsource the management because that's heavy.

I talked to two different local credit unions about pulling 300K in locked equity out of our former primary home that we converted to a short term rental last year.

The fees are high, and the rate might be a little high.

Only way you made money on this deal, and avoided everyting being eaten up with title & recording fees and transfer taxes, was by flipping the contract - also known as wholesaling.Why can't you just call it what it is?

Filing fee is like $25 or something.

I am not sure what the pushback is other than not wanting to pay attorney fees.  

He has a contract with the seller which will then be assigned to me for a fee.

The numbers back him up— His construction costs are around $200,000 a unit, and his units pull in $600+ ADRs and hit 83% occupancy, with NOI per unit up to $100,000, rivaling 5-star hotels.Financing these beautiful properties?

The only downside for me is that they use a credit card which my property management software charges a fee for.

I'm hoping to see more of this and praying it gets passed bc we have 2 strs in Hot Springs that have been slapped w/rediculous annual fees and investment hindering regulation.