Hey Everyone,I have a potential investor I've been working with that is planning to use investors edge for their loan.

I have some upcoming repairs needed that outweigh the Homestead Exemption and plan to make my primary home a long term rental in the next 7 years but the repairs can’t wait.  

If you set it up well, don't worry, you'll get guests when you repost.If you really want to capture the existing bookings, then go for it and plan to re-furnish it at the start of slow season.

The longest delay is the floor plans. 

You have to be willing to not give up when things get difficult, or don't go as planned.  2.This journey is worth it.

It's a decent tool, but as Greg mentioned, I'd definitely plan for a worst case scenario and make sure it cash flows at the highest interest rate juuuust in case. 

I’d love to hear more about your goals and how you’re planning to apply your expertise to real estate!

I have been following the Real Estate Investing industry for a while and just recently decided to put my focus into it and implement a plan I had in mind for years.So I went down to Puerto Vallarta I put together a team of local realtors, brokers, contractors, property managers and a lawyer. 

Hey @Mario Morales I assume you're planning to purchase the new property under your personal name rather than through an LLC?

I have a similar project in Buffalo NY, however, I had to change plans when I got further into regulations.