And then put the money into his own HYSA so it is earning a little interest for him while he starts to spend it for his repairs. 

Keep up with new info and stay focused on owning rental properties.Good luck!

Partner Driven financed the E Market St deal using its own capital, covering the $60,000 purchase price.

I’ve owned my current town home for two years and have roughly $35k-$40k in equity.

I recommend working with Elite Property Management owned by @Kyle Tom.

My partner's family owns an STR, free and clear, worth between 1.8-2 million in a popular vacation destination.

The best place to look is this website here:Pocono Vacation Homes for Sale (poconovacationhomesales.com)For me personally, I own an Airbnb in the Penn Estates community.

[Status]- Our current home is owned free and clear with no mortgage on it (Est value 199K).- We will keep our current home as an investment property.- We will get a new home as our primary residence (Approx  400K).- We will be taking a loan against the current home to cover the down payment for the new home.- Additionally, we will use the loan to remodel our current home and rent out. 

My goal for learning this skill, is not to just underwrite my own deals, but also to have something of value to offer a potential coach, mentor, or partner going forward! 

State Where the Real Estate is Located: In addition to your home state, the state where the real estate securing the mortgage note is located may also have its own licensing requirements.