As a real estate agent based in New York, specifically on Long Island, I'm eager to hear from anyone who has experience with BRRRR properties in this area or has valuable tips to share.

Would love to touch base with you to hear about the process you followed when you purchased a rental with a TSP loan

To make the most informed choice, get a Cost Seg feasibility analysis (free) which illustrates the expected tax deductions and then assess how those deductions impact your tax liability, based on your tax profile.

.- Phase 2 (April 1, 2022)Applied to all remaining existing policies, transitioning them to the Risk Rating 2.0 methodology upon renewal.The new system replaced the decades-old approach to calculating flood insurance premiums, aiming to provide fairer and more accurate rates based on individual property risk.Before Risk Rating 2.0, flood insurance premiums were mainly based on whether a property was inside or outside a designated flood zone and its elevation on a map. 

Quote from @Christian Artuso: Quote from @Wale Lawal: @Christian ArtusoSince you're based in Chicago, consider networking with local investors through meetups, real estate investment groups, or BiggerPockets forums to gain insights on the best neighborhoods and strategies. 

I contacted ALE solutions on Friday through their housing request form and just resubmitted with a longer term minimum based on what you stated here.

I understand the standard rate in the USVI is 6% but believe I should be able to negotiate down based on the expected sale price.

Pricing can vary based on bedroom size and other amenities like a private bathroom.

Based on comps I could get about $2,200 a month in rent. that breaks down to :-$1,100 (+) -$600 = -$1,700 in mortgage/HEL$2,200 -$1,700 =$500.00 profitOr the Home Equity Agreement I get the $62k cash with no payment.

But based on the age of their post and their total number of posts, my guess is we'll never find out.