I think the best thing would be to knock out the line of credit mainly because I’ve been putting a lot of time into getting my business up and running, BUT if I could knock out the renovating before March that would be a HUGE win.

Definitely a huge problem!

Long story short, there seem to be huge differences in loan approval processes across the banks...

I was reading last night and thought:Why should I spend 2-3 years growing my single family home portfolio when I can just buy multifamilies without having to pay the huge down payment myself, instead using the private lender money?

Affordable relative to the rest of the US so great place to work remote or just enjoy a reasonable life without being hugely cost burdened Cons: A lot of older than 1980s construction (you 100% can be successful with these properties just have more to check during due diligence) Need to be mindful of market rents in the area and not overspend on renovations where there is not ROI to do so, you can’t usually exceed $2 sf on rental rates and average price per sf is 1.25-1.5 sf (neighborhood, unit type, and finish level specific).KC is not a boom and bust market, you don’t get the high highs or the low lows.

That strength i carry that lets me stand alone is beneficial but also as I left that crowd i was never able for unknown reasons to reconnect to a better class of people or even network.

I oit's too much drama to do a wrap, it's not mutually beneficial to all parties and not a true deal (from my perspective anyway).  

Quote from @Meena Mallik: Quote from @Nick Belsky: @Meena MallikWelcome to the community and be ready for a huge amount of information at your finger tips.

It sounds like you’re in a great position to get started—$100k saved up and a clear goal are huge advantages.

This is a huge mistake as there are other terms and lender administration processes that will have a far greater impact on how much cash is truly needed to execute on any given project and that's the cash amount borrowers should be aware of.How are interest payments handled?