What was the interest rate and when you went to refinance what rate were they offering?

Sounds like an easily executable deal from what you've stated but likely need more color to offer path forward, terms, etc.

If they don’t satisfy that call, the broker could force a sale of securities, making them incur unnecessary tax liability.Let us know which brokers offer the best SBLOC terms.

I am cold calling owners and they are just laughing at me with my offers at 8% caps. 

I am trying to brainstorm ways to partner locally with someone in or around Indianapolis, to offer "boots on the ground" as this is what I do and where my passion is already.

MLS, Made an offer I couldn't refuse How did you finance this deal?

It’s been pretty competitive here (partly bc we’ve gotten some BP nods over the last year) but I’ve definitely noticed a drop in offers and competition.

I would recommend matching old reservation rates and offering free gifts to secure good reviews and booking momentum. 

A HELOC offers flexibility and lower interest rates, which can be ideal if you’re looking for short-term financing with lower payments during construction.

Detroit offers solid cash flow potential, a relatively low barrier to entry, and the market fundamentals are improving with a growing population and significant investments in the city.Since you’re based in upstate NY, Detroit is also a quick and easy flight, making it easier to visit and get a feel for the market if you’re considering out-of-state investing.