Talking with my partner, we started to talk think through worst case scenarios & options we’d have if it doesn’t get rented in several months. 

Here are some financing options to consider:HELOC or Cash-Out Refi on Another Property – If you or your mom have equity elsewhere, this could be a more flexible and lower-interest option.Business Line of Credit – Since the property is in an LLC, you might qualify for a business LOC, which could cover construction costs.Private Money Lender – If you’re okay with 12-15% rates, a private lender could fund this as a short-term loan, especially if the guesthouse will generate strong income.Construction Loan – Some lenders offer short-term construction financing, which converts to a longer-term mortgage once completed.Seller/Partner Financing – Bringing in an investor or structuring a joint venture with someone willing to fund the build in exchange for a share of the income.Credit Card Stacking or Unsecured Business Loans – Riskier but could work if you need to bridge a gap until the unit starts cash flowing.Would love to hear more details—especially your timeline and expected rental income.

Hi Allen, when I got started, I used a 3% down conventional loan to buy my first property.

If I would have bought a sustained portfolio with multiple units rather than starting with a single purchase I truly believe I would have lost a lot of money while my systems flailed rapidly attempting to catch up. 

Hey AudreyHere's a list of things you should look for in your investment properties...Start by assessing the property’s curb appeal and exterior condition, checking the roof for damage and foundation for cracks or moisture.

Is it a bad idea to start investing if I don't live in the country.

For connecting with local resources like mortgage brokers, investors, and agents, the Austin Real Estate Investors Association (REIA) is a great starting point.

I would start there and then see if they are worth the shot! 

Kid in college and one starting to drive   blah blah blah.I'm sure there are numerous places to cut money for sure. 

Started the process on 1 house in Cape Coral Nov. of 2021.