Be aware that the interest rate on that LOC is variable (typically adjusting each quarter), so have a plan (back up funds) to pay it off quickly if the rates go up too high too fast for your business model.

E.g. if this is in a quickly gentrifying neighborhood and your personal financial situation allows it, you could take a risk and underwrite it at a level where you are just-about breaking even with your mortgage +  operating expenses. 

My goal in the next year is to move from single families to the multi-family space, and then quickly to the commercial apartment space.If you're willing to chat, meetup for a drink, or let me know about other meetups in the area (San Francisco/East Bay), then hopefully we can meet and exchange information, build partnerships/friendships, and build towards our financial freedom.Cheers.

I need /want to make some quick cash for reserves, any ideas?

My question pertains to quick screening suspect properties to qualify or disqualify them efficiently for a closer look. 

A couple quick ones:Your closing costs are way low unless you know something I don't or the seller is covering your closing.

But a quick summary is that there are four different quadrants that EVERYONE earns their money in. 1) Being an Employee(E) 2) Being Self Employed (S) 3) Owning a Big Business (B) 4) Being an investor (I).

Greetings all!

Question: would you rent a basic 7-seater SUV (newer Honda Pilot) for $110/day? Is that a great rate?

I am considering using Turo to rent out and hack my vehicle for some extra CF.

Even if paying contractors and building a team to do 100% of the work, meeting contractors, viewing properties, etc all take time away from a "real" job at best and more likely than not require time during work hours to do these and move quickly and efficiently. 

-How quickly can you close?