Thats fine as long as your Debt to Income (DTI) supports it.

Quote from @Patrick OHalleran: Hi David - I used HallCPA for a Consulting engagement (about $5k) and found the tax planning support to be very helpful. 

We are planning for a HELOC to support our purchase of a new home.

Early in my investing career, I had some success, but then the crash happened. It took more than a decade but I am excited (and terrified) to re-enter the fray.After dipping my toes into the market, I have battled aga...

Also, our system is SUPER sensitive to spam, so if you're copying and pasting the same message, the system will automatically ban you itself.You can reach out to our Support Staff by emailing support@biggerpockets.com and they can look into this for you.

I am not sure about STR in Cleveland and how much that market supports high end STRs and highly designed STRsThat said, I disagree with just looking at others.

It does not matter if the property is not livable, since the whole aim of the appraisal is to determine if your proposed renovations support the ARV.

I have 33 rentals producing enough cash flow to support me the rest of my life, but I enjoy my work and continue working.

Homes with these specs sell for around 310k in our market.The terms the bank is offering areLoan Amount $140,000Term 18 monthsRate 8% adjusting every 6 monthsAs proposed appraisal to support a 70% or better loan to valueEstimated closing costs of $8,223.What do you guys think of this financing deal?

Homes with these specs sell for around 310k in our market.The terms the bank is offering areLoan Amount $140,000Term 18 monthsRate 8% adjusting every 6 monthsAs proposed appraisal to support a 70% or better loan to valueEstimated closing costs of $8,223.What do you guys think of this financing deal?