This usually takes 6-8 months to be conservative all in between construction, approvals, finding a renter, going through a refinance.

@Season Price Usually, when we are searching for lenders, title companies, plumbers, etc. it's best to ask other investors in your market who they use.

Begin by getting your first place in Manhattan, using your saved money and extra pay for more buys.

And this week’s conference in Miami delivered lots of insight as usual.

I'll definitely take your suggestions to heart, especially about exploring side gigs for extra cash, budgeting diligently, and leveraging resources like local real estate groups and mentorship.

Secondly, to keep your low first position rate, there are closed ended second position loans for you to tap into your equity. these loans are fixed terms, usually 20-30 years, at higher rates than your first but when you calculate the blended rate, the combination of first and second rates, are usually lower than a full refinance.

Depending on your income You get to take depreciation off your regular income (usually up to $25k) of 3.6% per year of the building’s value.Many of your everyday expense can be deducted from your income as business expenses. 

Rental income can be used in various ways really but usually they want you to cash flow $1 after taking out their expense ratio from the gross rent. 

Usually HELOCs are for short term purposes so it would make sense if you can generate enough STR income to pay off relatively quickly

I’ve never charged any pet fees, extra security deposits, or pet rents.