Not easy to do with bank financing.

@Kyle TrotmanI would suggest speaking to local banks, and credit unions.

Bank How did you add value to the deal?

Banks buy and sell those all the time.I think you're saying you have a borrower who has negotiated with the bank to purchase their note from the bank.

@Mike Terry Yes, it is conservative, but that's because it's the operating expense margin that most of the banks I work with for my clients use in their underwriting.

A traditional bank will not give a line of credit even if there is significant equity because it boils down to being able to pay back the money. 

They obtain and manage capital, whether it’s private equity/debt, bank financing or personal capital.

This is also very good example of jurisdictions that have zoning and annexations that need voter approval its a great way to STOP development. 

Is any bank offering a HELOC based on the combined equity?

Seller is the Agent.Seller bought property in January of 2023 for $730,000Current “As Is” Value : $770,000Target Acquisition Price: $730,000-$780,000 After Repaired Value: $900,000Repair Estimate: $120,000Initial Offer Amount: $715,000Loan Program: Bank Statement Program.Total Estimated Monthly Payments (Principal, Interest, Taxes, and Insurance) $5500/month (based on $770k purchase price)Estimated Gross Yearly Income from Short Term Rental: $160,000 (65% Occupancy, $700 a night| (STR Listing Comparable properties Listing 1 Listing 2 Listing 3)Net Monthly Income after management and taxes: $11,751.25Net Monthly Income after Mortgage Payments: $6251.25 ($75,015) Per YearTotal Cash Investment: $297,000 ($177,000 in down payment and closing costs and $120,000 in repairs)Average Yearly Return on Investment: 25% yearlyAverage increase in property value per year: 5%Average increase in booking revenue per year 7.5%Property Value average after 10 years: $1.5 millionTotal Cash received over 10 years: $1.3 million.Total Equity multiple min over 10 years: 6x total return on $297,000 invested.