Hi All, my names Josh, I'm a kiwi living in the UK building the portfolio with a unique business model which brings into other investors into a compoinding model with both Capital and perpetual returns.i have a well developed process and network here in the UK and New Zealand, wanting to explore the US market.

@Salome DitmarsAshcroft Capital w/@Joe Fairless@Chris Salerno with QC capitalVinney Chopra with Moneil IGThere are so many to name I can go on and on.

Save up more capital and buy an investment property or just house hack for a year. 1 year really isn’t that long and flies by pretty quick.

Some of these renters are capitalizing on low interest rates and choosing to buy, but many are unable to buy due to lack of down payment or credit factors. 

.: Emotionally..... pay off your primary.Financially..... use the $$ to buy assets that make you $$...hands down a smarter use of your capital Especially if your interest rate is well below what the current rates have been. 

Some states like california you can do trust deeds where you break off the loan into multiple pieces.All of these will require significant capital to scale with your own funds. 

It's not like you only swaggered into it with a few thousand in total capital, right....... 

You and this private person you met hammer out the details of the loan at the kitchen table so to speak and you seal it with a handshake and your reputation that this Private Person already respects or whomever introduced has vouched for you.But if a man opens a lending company tomorrow with 50 Million of his own capital and he checks in on the HML market to see what it bears and he copies his products and UW guidelines and now is he PML or HML? 

In 2021 we bought the building for $1.5M using private lenders, pushed the occupancy from 50% to 80% occupancy and it appraised for $3.125M, allowing us to pay back the private mortgage.Right now, we are in the predevelopment process of design and piecing together the capital stack for the redevelopment deal, which will be made up of historic tax credit equity, RestoreNY Grant, DRI Grant, etc.

Living in the property for two years likely allowed you to claim the capital gains exclusion... up to $250K for singles or $500K if married.