It's a good idea to talk to legal and financial experts about taxes, insurance, liability, rental agreements, and managing your finances.

We still find cash-flowing properties in Central Florida but through seller financing.

How did you finance this deal?

It's been gutted to the studs inside, has a new roof, and has a pool (needs work plus a possible expansion), with room for new commercial buildings to replace the ones that were demolished or for an expansion of the motel with either more rooms or a few condos for short-term rental.I'm considering selling a single-family home that I own outright in another state (Lake Havasu City, AZ) to finance this deal. 

How did you finance this deal?

How did you finance this deal?

If this property is being financed you will also need the mortgagee clause from your lender to be added.

It's a favorable rate, and given the equity you have in your property, you have a good foundation for securing additional funding without compromising this rate.Considering your property is now an investment, and you're looking into financing options for updates, a VA loan could still be a viable path for you, even in your current situation.

Outside of figuring out some other creative financing we think it will be about 6 months and we should be ready to hit the ground running.

A notable benefit of real estate investment is the accessibility of substantial bank financing.