I’d love to hear about your goals and what you’re hoping to achieve here.

Most hard money will be interest only payments on the full approved balance of the loan whether or not if you have pull the draw funds for repairs.If you have any other questions, post them in the same thread below so that we can all learn from the answers.

Hello!Backstory: As some of you know based on previous post of mine I've found my first "possible" real estate deal.  A co-worker of mine is selling her condo (which is not listed on the market) and is allowing me fir...

The second year we only spent $25,000, and achieved our original goals.  

The 1st position loan is paid off but has a second position heloc on the home with 50k balance.

The market will naturally balance itself. 

When rates climb down, you want to do a cash out refinance, pay off the heloc and use the balance to purchase your next unit.

These modifications are carefully crafted to incorporate ADUs seamlessly, aiming for a delicate balance between increased urban density and sustained neighborhood character.

That said, the fewer units a property has, the easier it is to manage, so smaller multifamily properties can offer a good balance between cash flow and simplicity.

You also mentioned an unpaid water bill, so be sure to deduct any outstanding balance from that bill as well.