Do you have any suggestions on how we can secure long-term financing under these circumstances?

@Shawn Mixundefined I agree Kirstin, Anderson isn't cheap but I feel much more confident and secure with them on my side.

This could help secure a higher LTV while you build STR rental history.

It’s astounding how many fake documents are circulating today—you can find everything from fake references and stolen Social Security numbers to falsified income documents.To combat this, we rely on tools like Plaid, Verifast, and Snappt, which are excellent for verifying financial information and detecting fraudulent activity.

When its included in a lease for real estate then the laws pertaining to residential rental security deposits in your state apply but when its separate you should have more leeway to get some additional deposit to protect you.

I completely agree with @Ashish Acharya's points about the cost-effectiveness of a HELOC and the potential credit implications if it’s secured by your primary residence.

Yes, the BRRRR method can work with multifamily properties, and many investors have done it successfully.

If you’re patient and methodical, though, cash flow can absolutely become a reliable income stream.Hope that helps!

They’ll find you a buyer, and you guys split the profit 50/50.GET LEADS: You do this by using free methods such as driving for dollars or networking if you don’t have any money to spend.

They didn’t completely destroy the house, I did keep most of their security deposit and used it for the repairs, along with some of our own cash.