Heloc rates will be WSJ Prime + a spread, with the spread being 1-2 points usually.

It's a great way to keep your license active without the usual expenses.

I am making completely passive cash, while also seeing the value of my portfolio increase with no headaches or management responsibilities that usually come from SFR ownership.

Short term it is difficult to make the numbers work, the cost of new construction and the time it takes to zone-plan-build are usually the main reasons why private investors stay clear.

It's usually someone with a high W2 income buying a primary then doing Mid-Term or Short-Term Rentals with an ADU. 

My experience is the min is around 15%, but I've read some posts on BP that some lenders can offer a lower minimum (but that usually means a higher interest rate).

Depending on the state, when someone rents for a certain amount of time, usually 30 days or more, they become long term tenants in the eyes of the law, and they acquire "tenant's rights". 

But if its not related to that type of water damage, the other questions ask about present tense issues, and not past issues.Are you saying that even though he filed an insurance claim for $15,000 and only provided me with a $5,000 quote without any description of the repair, he is not required to disclose it because he believes it’s fixed?

Ambiguous descriptions can lead to scope creep, material allowance overruns, timeline days, and subpar quality of work.

As small lenders, we’re in frequent contact with our borrowers, so we usually know how they’re doing.