It sounds like you're accustomed to more permanent financing options, but a flip loan is really a short-term bridge loan that acts like a construction loan.

Is your vacancy periods shorter or longer?

I have a meeting set for next week with an RE attorney but want to have an idea about my financing options both short term and long term.

Hey all,Does anyone know how @tcruznc on tik tok scaled his portfolio to over 300 units in such a short period of time and didn’t get over leveraged in the process? 

Ask yourself how many properties you are wanting within a given time period and then reverse engineer what is needed to get there.

The first house i bought is now my rental instead of the one i inherited which i was renting out for the last 4 years.Long term Goals are to acquire more properties over time, currently my short term goal is to upgrade to a nicer house to live in.My realtor swears up and down not to sell it and to refinance the one im in, as well as my lender, but 259k in interest going from it being paid off in 4 years to 1600 a month for another 30 years is a hard pill to swallow, even though technically the tenants would be paying it off but at the same time i lose allot of profit.

It will be a long-term lease b/w us and the tenant, and the tenant would do it as a short-term rental (literally AirBNB arbitrage)3.

I'm just short of 30k and recently I have been getting a lot of loan offers should I accept one of these loans to use for a down payment or is this a bad idea?

@Lotta Rozenson For real estate investors, bonus depreciation is available on assets with a useful life (e.g. period asset takes to wear out) of 20 years or less. 

If you have a good building inspection done during your due diligence period it can help you discover much of what may go wrong with your property initially but there is no guarantee other things may not happen.