Projected CF after the first year is $650 after PITI, Vacay, Repair, capex, Etc.Purchased under market rent as tenants were paying $880 m/o.

Projected CF after the first year is $650 after PITI, Vacay, Repair, capex, Etc.Purchased under market rent as tenants were paying $880 m/o.

Hey Everyone my name is Cody, I am 21 y/o living in SLC, UT and I am just getting into house hacking and real estate investing.

Back o the original question assuming the 1st loan will allow a 2nd smaller local banks will be your best bet or a true Private Lender.

I want to pay back that LoC cause I'm getting smash with the interest at 8.5 percent killing The property also has a 3.6 percent interest i assumed for 3 more years what’s the best options for me please help.Michael need to put the numbers together no way will make sense to refi a 3.6 interest ... you will get 7.5 to 8%  on that .... 500K I/O loan is not bad at today's rates. 

I believe I can get about $2100 in rent.Option 2: 5 bed 2.5 bath SFR in Land O Lakes (Connerton).

Investment Info:

Condo buy & hold investment.

Purchase price: $645,000

Cash invested: $32,250

1 bedroom villa is an ideal beach getaway. With ocean views and community pool access walk right of...

Investment Info:

Condo buy & hold investment.

Purchase price: $645,000

Cash invested: $32,250

New to the rental program, this charming 1 bedroom villa is an ideal beach getaway. With ocean views...

https://www.zillow.com/homedetails/928-Siebert-St-Columbus-O...

That's up to their broker, who is not part of this LLC.Additionally I'd keep in mind that if 25% of their sales are from themselves, family members or corporate entities they have a financial interest in, then their E&O insurance will likely be voided.