(To borrow from a Commercial Real-Estate Term)It keeps our rents a wee-bit lower and thus makes our units easier to rent & more competitive for our rental-brokersAlso, since rents are lower, it's a win for our Tenants who get to pay less in rent.Obviously, our running property costs have gone way, way down.

To be a reliable and successful Private Money Lender, focus on building strong relationships with borrowers and real estate professionals, thoroughly assess each investment opportunity by conducting due diligence on the property and the borrower's financial background, and establish clear lending criteria to mitigate risk.

PP: Aug. 2019 - $356,900 w/ 20% down (borrowed a large chunk of the down payment). 

Even if you borrowed 400k against it now, you'd have well over 500k in equity in 10 years (500k plus the principal paydown).To me, I think you refi it and pull the money out entirely tax free.

Also talk to the bank to find out what you can borrow for a mortgage.Don't over extend yourself.Don't buy the cheapest place, think long term-buy in a good area. 

Instead of leaving equity tied up in the property, you can refinance and put that money to work on your next investment.Advantages:Leverage: You’re using borrowed money to increase your purchasing power.Long-term Wealth: By holding rental properties, you benefit from appreciation, passive income, and tax advantages.Scalability: The ability to keep reinvesting capital makes it easier to scale compared to traditional buy-and-hold methods.Is BRRR Right for You?

I think I would need to borrow at least $190,000 or more to complete the rehab.

All our properties currently yield over 6.5% gross return, with a borrowing rate at 6.5% and 20% deposits.

What I struggle with today is how to attack it.Option 1, which was my original plan, was to get control of a $1-2MM property using mostly borrowed and possibly silent investor funds.

You can typically borrow half of your 401k balance as a loan as long as you are working for that company still.