In fact, I would be extremely interested to know what the conversion rate is of this criteria.

Make sure to compare the costs and benefits of using your HELOC versus keeping it as a reserve for unexpected expenses.Market Conditions: Research the Dallas and suburb markets to understand demand, rental rates, and appreciation potential for both 4-plexes and duplexes.

He offered me a deal he had PRE NEGOTIATED, it was a SFR worth $50-55k (remember this is 1982-1983) for $55,000 with $5,000 down and owner financing of $50,000 over 20 years at the then unheard of interest rate of 7% ( new financing was available at 11% +).  

Look at rental rates in the area to get an idea of what you could reasonably charge.

Project like this is a year at least right. cost to sell and carrying costs land at todays HM rate 12 % thats 120k commish                                       200k so maybe net 750K or you think you accounted for those in the  2 million ?

I only heard about Partner Driven last year and so far so good 👍🏼 As a licensed REALTOR and loan officer, I knew the traditional buyer pool was going to shrink due to the looming interest rate hikes.

We brought in $31.37k in revenue with 89 bookings and 83% occupancy $136.98 Average daily rate from 9/1/23 to 6/1/2024.

We have a lake house that rents for the same rate as a hotel in the area, therefore our occupancy is super high. 

Also, I hear that Ohio has pretty good returns based on purchase price and rental rates. 

You may need to show that you have completed at least 1 fix and flip or hold to get the full cash out, otherwise it may just be a hold back for the renovations and a rate and term refinance for your 1st mortgage