If not, cut bait and offload risk.

It's a hub for startups, venture capital, and cutting-edge research.

The real estate market has evolved a lot in the last few years, with more real estate investors making it more competitive and interest rates cutting severely into margins and also slowing down buyer demand (when trying to get out of a property). 

Thanks for setting him straight, Brian.

As when people lose their jobs, the vacations they take is the first choice to cut back on. 

I have a question and would really appreciate your input.I’ve done a couple of fix-and-flip projects in the past using hard money lenders, but I’ve noticed that their fees and interest rates significantly cut into my profits.

It is offered through Awesome REI-Patrick Riddle(another awesome team and distant Mentor of mind) I enjoy their style of teaching because of their honest, straight-forward, and experienced no fluff.

Since you have high incomes and can cut your spending quickly if necessary you should be ok with some cash in a HYSA and some short term credit available.

We had an accounting system once that necessitated doing this - not ideal, but it keeps the assets and liabilities straight and AP is just an accrual until you pay the bill.

If you used a loan to rehab your property and find yourself in a difficult position, doing a straight refi (just paying off the old mortgage) will be easier than trying to pay off the original loan and take additional cash out.