Draw out $3000 and apply it to the 1st mortgage in place of the scheduled payment.

Weekly draws etc. 

However, short term rentals are much less passive than long term rentals and are essentially a hospitality business, which is in and of itself required a whole additional layer of knowledge and expertise.With regard to your question about private lenders, it’s important to draw a distinction in terminology between “private” and “hard money.”

The gurus and seminars often draw people who are broke or unhappy with their lives, and are looking for an easy fix.

I too live in Marin, and feel it is a solid long term market for apprecaition, and utilizing the power of principle reduction.When it comes to refinancing, figure out what the loan costs will be, then divide that buy the monthly savings with the new loan in order to determine how long you have to maintain that loan to break even. 

He also used to take land that wasn’t valuable as is and get it re-zoned for residential/commercial, draw up blueprints and sell the vision.

To look at it from a months to recover, $450k divided by $3k is 150 months, which is 12.5 years.  

In order to help finance the care, we are currently renting house and foresee needing to draw equity from it in the future. 

For example, lets say your mortgage is 4% and you take out a HELOC at 7% and draw $100k.

Divide that by the time required.