Some of the more eco-friendly options can put out significantly less...

I'm currently weighing my options between using cash from my HELOC or getting a private money loan for the purchase and rehab of a property.

My options are:Sell: Maximize down payment in NC, reduce debt.HELOC+Rent: Keep NJ property as an investment, rent for potential $3,300/month.I'm interested in long-term wealth building.

Here are the details:Assumable loan balance: $750k at 2.75%List price: $950kDownpayment needed: $200k to cover the differenceMy initial plan to make this deal work included a few options:Getting a loan for the $200k difference.Bringing in a partner.Asking for seller financing.However, when I discussed these options with my agent, I hit a few roadblocks:Second Mortgage: My agent said no bank would provide a second position loan for the $200k.Seller Financing: He mentioned that 99% of sellers would reject this, though we're asking anyway.Agent's Advice: He suggested I just get a conventional loan and put 5% down for the full $950k, but I feel this defeats the purpose of leveraging the assumable loan.Given these challenges, I’m trying to figure out the best way to raise the $200k.

Give them your price as option A.

I haven't had any consumer debt since 2011 and have been job optional for years. 

Tenant cloud is probably the cheapest option out there.

You will then have a few options with that rent money....you can put it into principal or you can start saving it to purchase yet another property.

There is no option to do this with an LLC.

We don't feel comfortable about houseflipping because we have never done it and rather have a safer option.