We will see.Good news....they haven't asked us for any more money....yet. 

This money will be used to pay down some debt I have and also purchase 1-2 additional rental properties.  

Consider partnerships or private money lending to boost purchasing power.

I partnered with a friend on this deal, he put up $20k and his contractor knowledge and I the rest of the money to complete the work.

Taxes are high in TX with real estate, so put more money down to create some cash flow.

Quote from @Dominic Mazzarella: Quote from @James Wise: TikTok is supposed to be shut down in the U.S on 1.19.2025 unless the Supreme Court blocks or delays the U.S. ban per Trump's request.I won't pretend to have any idea how the inner workings of the data collection between China and the USA effect the world, but on a personally business not, I like it.

Penalties of these Federal charges may include:30 years in prisonUp to $1 million in finesThey have a "statute of limitations" - (with a third "T"  ;-) of 10 years from the date of the transaction - 10 years from now, you could get a very nasty call and hopefully, you put your reserve money in a good account that grew to cover legal expenses**********************************************And the universe could blow up as Doc says in Back to the Future " But, granted, that's the worse case scenario." 

I'm gonna have to start calling ya "Money-Bags Collin". 

You think working harder equals making more money.

However, there are other loans designed for fixer uppers referred to us hard money loans, bridge loans, or fix and flip loans but whatever you want to call them they're essentially short term, interest only loans with no prepayment penalties designed to finance a higher % of your purchase price and typically all of your renovations not to exceed a certain % of the ARV (typically 75% max).