Refinancing isn’t an option yet because of the way we purchased it (unless someone has a bank that will look at the deal differently) our original plan was to pay off our balloon in early 2027 when it is due which the bank will treat as a purchase and then we would wait until we are able to refinance so probably 2028 and then we could pull out a good chunk of equity at that time.

For instance, you can open a solo 401k retirement plan and make contributions as an employer and employee.

You can finance it with an FHA loan (3.5% down) or a conventional loan (5% down) if you plan to live in the property.

Our rates are generally closer to 10% depending on the plan you pick (you can search us and see our rates on our website - not trying to self promote) but that is for full service property management. 

If you're wanting to get into construction managment there's two main areas you would need to make yourself an expert in; Reading plans & Scheduling.

If you plan to invest in multiple states or require advanced asset protection, consult a CPA or attorney to explore options like a holding company structure.

I have two properties with MSHB and plan to keep using them in the future. 

The AC is old, but I’m planning on holding off on replacing it.

More great news, our market just keeps on delivering. 

A boutique hotel is a great investment, assuming your plan is the turn it into a STR hotel as well.