Put it down in the stupid tax column and the cost of learning about the different types of alternative invesements that are out there. 

That way you are an alternative rental option for those that cannot afford a single family home.

Peniche also has a university and a fishing industry to provide alternative economic drives if tourism does take a hit.C.Supply constraints– Peniche is a peninsular!

Other times the terms may be worse, but it’s worth it because you have no alternative.

It was a big alternative church property you know mind benders. one parcel in the middle of their campus 20 acres. they acquired from an owner sub too the back taxs and they never paid 1/2 of one years tax's prior to coming into title..

With 4 years in container conversions, we're transforming shipping containers into modern, efficient tiny homes and small homes.Currently working on a small, 10 home, senior housing development.Expertise: Container home design, sustainable building, alternative housing.Looking to: Connect with investors interested in container homes, share knowledge about factory construction, and learn from the BP community.Feel free to reach out if you're interested in container homes or factory building practices!"

@Devon Shives,Your situation has a lot of potential, but here’s a thought: A cash-out refi could work if you’re confident you can use the $30-35k effectively for your next property, but the higher rate and payment might indeed limit your borrowing power for another mortgage.Consider these alternatives:1.

Alternative Financing OptionsIf you and your partner prefer joint ownership from the outset, consider these alternatives:Conventional Loan: Purchase the property together with 20% down (or 15% for multifamily in some cases).

Exercise caution and explore alternatives before considering them

I appreciate you taking the time and offering me another POV and alternative options.