(House-A)I want to buy another (House-B), and then sell House-A.My lender has pre-approved me or a mortgage for another house (House-B), without requiring me to sell my current house, (House-A)I want to do a BRRR and buy House-B with hard money , renovate and then utilize the mortgage to lower the interest rate and pull out most of the initial investment.If I borrow from the hard money lender, will that reduce my borrowing power for the new mortgage?

From the reactions at the closing table, it seems to be hit or miss on the customer experience.

But you will need to have money to make the interest payments each month, pay  Utilities and such.

Utilizing a HELOC is often a good idea so long as you purchase a cash producing asset that has returns higher than the cost of the HELOC interest.

Hi @Tim Kunz, when I pay utilities for my tenants and then bill them back, I told my PM to always send them a copy of the bill so they know why I am billing them X or Y.

This is another good option if I intend to utilize my 401k plan for investment.

He bought a new house around 1995 and allowed one of his sons to live in it for several years, paying only to cover the mortgage.Subsequent to his son purchasing his own home approximately 2 years ago, the house has been mostly empty except for a few months when a family friend stayed in it and only paid to barely cover utilities.

Well our first couple weeks have quite interesting ...but our focus has been on the exterior siding, getting a part time manager, and getting utilities transferred.

Customer Service, you want a custodian that will listen to your needs and be able to help assist you with kindness5.

These two building will need some serious rehabbing plus some utilities, septic,electric to barn ect.