We were walking over new flooring in a renovated kitchen when I felt several big holes under my feet.

I am considering using this property and some additional equity as leverage to buy a larger multifamily, but haven't yet found a property that I'm interested in.My goal is not to have a ton of properties, but to have cash flow to exceed my expenses and leverage reduces cash flow.

We want to give the buying partner a larger share so he essentially has no out of pocket expense.We want to ensure that we do everything above the board.

To be honest I have listened to auidiobooks and podcasts all summer while I do my own home renovations.

Would vacancy rates for an area with high owner occupancy be larger than an area with high rental occupancy given that: Increased competition can lead to higher vacancy rates (in the case of high renter occupancy)Low demand could also lead to high vacancy rates (in the case of high owner occupancy)The two neighborhoods that this information applies to are within a few miles of each other and most other demographic information is similar across the board.

@Drew McLaren  there is some exponential component on larger loans as you state howeverhere is how I looked at it over the 30 years of loaning hard money.IF your in a foreclosure situation.. the value of your collateral is generally not what it was when you started the loan..

@Jonathan Meyers one of the strategies of using a private lender for long term holds is where you buy gently loved (beat up) homes and renovate them.

All of our properties are fully renovated, including upgraded electrical, plumbing, water and heat, to ensure low cost on future maintenance.

I love homes and seeing things renovated and fixed up.

Nice @kasankelleyI always try to calculate my repairs on a rental so the end result will bring me 20% return on my renovation money.