Let them know your strategy, your goals and what your business plan is to ensure that your business plan aligns with theirs and you can both work towards the same goal.

It’s important to ensure that the borrowed funds are directly used for the acquisition or improvement of the rental property to qualify.Other Considerations:Equity Use: Ensure that the use of equity from Property A for Property B aligns with your long-term investment strategy and does not over-leverage your investments.Loan Terms: Consider the terms of any loan or line of credit carefully, including interest rates, repayment terms, and any potential impact on your cash flow.Conclusion:Leveraging equity from one investment property to purchase another can be a powerful way to expand your real estate portfolio.

Lowell has its own FMR with target median rents for studios, 1-bedroom, 2-bedroom, 3-bedroom and 4-bedroom units.We like to use the FMRs because they are justifiable, aligned with our expected rents based on our properties, and if achieved, they actually provide a fair return on our investment.

•Repayment Strategy: Consider how the repayment terms align with your financial goals and cash flow needs.

I work for a brokerage part-time (you have to in order to gain full MLS access) and I have enjoyed being able to schedule my own showings for potential investment properties I'd like to buy and not having to align my schedule with an agent to gain access inside of various properties. 

Investment Insights: As a real estate investor myself, I love helping people find the perfect Northern MI investment opportunities that align with their financial goals.If you are also a real estate agent and looking to build a referral network, please reach out!

Other notes: - This will likely be setup as a 506(b) or 506(c) - Land/Lot is already secured and currently aligning an architect for design.- Goal is to have property built & ready for use / short term rentals by Spring 2026. - Location is Central Wisconsin in an up & coming vacation area. 

Each strategy has its own advantages and risks, so it’s important to choose one that aligns with your financial goals, risk tolerance, and investment expertise.As with any investment, it’s important to do your due diligence and research before making a decision.

The stars don’t have to align.

It would be in alignment with our current strategy of staying just below market rents and offering a good product and experience.