Perhaps my team members can help bridge this gap but at the moment I'm without a really strong contractor.  

Also, with the Hays Bridge project on the horizon, there is still room for growth.

New bridge in Surf City, NC is driving growth.

Most of our leverage is coming from equity partners and institutional construction/bridge loans. 

Purchase price: $3,080,000Property Overview• 30 units (5 buildings)• 96% occupancy• Below market rents by $200+• Mom & pop property owners• Ample parking• Other income through covered parking and storage• Major CapEx already done• Prime location across the bridge from JBER (Air Force & Army joint base)What made you interested in investing in this type of deal?

Started with 6 month Bridge loan, Oct, 2022.

This summer it seems like less people are flying and more people are looking to drive to their vacation as we have been getting requests almost every day for availability.There is talk of a future bridge for the northern part of the island where Corolla is located. 

The bigger party type houses near the bridge area, condos, or something else? 

And also I have heard other syndicators say things such as "Wow it's gonna be a rough ride for newbies who got short term bridge loans or variable rate financing--and we expect to buy from them when they sell in the next year here!"

The HELOC is best used for short-term capital (reno costs or bridge funding), but not great for down payments or other long-term needs.