I am also trying to see if I can find the right attorney to get the job done.

Yes, HMLs are higher in interest rate on average but if it allows you to get the job done and stabilize properly I don’t see a difference between HML and a private lender.

Sadly, many of their painting jobs, especially cut-ins, look like a passed out drunk could paint better.So, while its nice to have the tenant just do stuff for you, you still have to figure out the quality of work aspect. 

Trying to build out a portfolio to serve as a second job post first retirement. 

- Lina Hi Lina,Your situation is very common, and deciding between selling or investing more into your property to potentially increase its income is a pivotal choice.

However if you don’t know how to do a good feather job on it when you patch it you can really make it look terrible but the same can be said for a Sheetrock repair.

FWIW I open things up commonly on flips.

Previously, I had been working two big corporate jobs, mainly in a back office accounting/tax function; however, after a series of life events, I realized life was too short to spend your days doing work you despise, plus, the money I was making at my 9-5 was not that exciting.

If you have a solid day W2 day job and are looking to use real estate as a long term wealth building strategy, a property like this may or may not make sense.

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