What a ride this was.So about 3 months ago we put our house on the market, here in Montana, with the intention of buying a multifamily of some kind to start our investing career.Within about 2 weeks we had our house under contract, and began that process.

Remediation companies are great if it is your intention to salvage the majority of the interior surfaces but their services come at a price.

Hi @Sarkis Gezalyan,People usually use HELOCS with the intent to pay them back within the 10 years.

@Michal Liviatan CarpenterSo you're not lending cross border; you're lending on US properties for all intents and purposes.

Plus an intentionally profitable purchase price.

I started with the intent on leaving my children something to own and grow.

Also, I think in 10-15 years the area might see some good appreciation, not holding my breath though.  

I am the new owner of the property (or note) and my intention is to fix up the property and put it back on the market for sale or lease.

It would be about 2-5 miles, depending on their route, and we'd rent the house after it was settled with the intention of buy and hold.

My intentions is to live in the home for one year and then sell it.