Quote from @John Underwood: SC will give the defaulting owner the overage if they request it.An owner (or former owner) requesting overages in South Carolina or Texas won't prevent you from getting the property at a discount.Under the new Arizona law, an owner requesting Excess Proceeds before the foreclosure is finalized will prevent the tax lien investor from acquiring the property or making any profit besides the generally very low interest.I am worried that might even happen if a junior lien holder requests such excess proceeds.To make things worse, when the 30 day notices are sent to the homeowner, they need to include a statement regarding their right to ask for excess proceeds.

We plan to acquire more rental properties. 

Purchase price: $325,000 Cash invested: $50,000 This time I acquired a property that needed little to no work.

You can finance both real estate and business-related expenses under one loan.Best for: Owner-occupied properties (51%+), businesses acquiring both property and operations, or those needing working capital alongside real estate.SBA 504 Loan – The Fixed-Rate Power Play✔ Max Loan Size: Typically $5M, but can go higher with green-energy incentives✔ Down Payment: Typically 10% (15%–20% for special-purpose properties)✔ Eligible Use: ONLY for real estate and equipment—no working capital✔ Term Length: 20 or 25 years (real estate), 10 years (equipment)✔ Interest Rate: Fixed, below-market rates (CDC portion is government-backed)✔ Structure:50% Bank Loan40% SBA/CDC Loan10% Borrower Equity (15%-20% for special-use properties)Best for: Buyers looking for long-term, fixed-rate financing with lower equity requirements, particularly for industrial, warehouse, retail, or medical office spaces.Which One Should You Use?

Since acquiring a four-unit property on the Northwest side, my bi-monthly bill has typically been around $500.

Even if you get a great deal that is 20% below market, appraisers will typically be anchored by the last sale price and you may be stuck not being able to pull out as much cash as you need to pay off the HELOC.

My goal is to acquire and stabilize these larger properties using private lending to fund down payments and renovations while executing a BRRR strategy.I’d love to connect with private lenders or experienced investors who’ve used private capital for similar deals.

Quote from @Alan Asriants: When investors first start learning about real estate investing, many share a common goal: acquiring a large number of units, generating enough cash flow to leave their 9-to-5 jobs, and becoming full-time real estate investors.

A standard 1031 exchange requires that the same entity selling the property also acquires the replacement property, which becomes challenging when proceeds are split between partners.Potential Strategy: "Drop and Swap"One approach is the "Drop and Swap" method:- Convert Ownership: Before the sale, the LLC distributes the property to the partners, converting joint ownership into individual tenants-in-common (TIC) interests.- Individual 1031 Exchanges: Each partner can then independently conduct a 1031 exchange with their share, deferring capital gains taxes by reinvesting in like-kind properties.Considerations:- Timing: The IRS may scrutinize transactions where the "drop" (distribution) and "swap" (exchange) occur in quick succession.

BRRRR Method (Buy, Rehab, Rent, Refinance, Repeat)The BRRRR strategy allows you to recycle your capital by using financing to acquire a property, improving it to add value, and then refinancing to pull your money back out for the next deal.How BRRRR Works: Buy – Find an undervalued or distressed property (potentially off-market or through wholesalers).