Do hard money loans not really exist much that lend based on the ARV?

I personally like having a heloc.

The problem seems to be getting in touch with the right person at Mosaic.

Same for hard money loans, under 100k is typically not an issue as long as the ARV is 100k+.

Hey BP, I am stuck in a situation where i have rental property in Baltimore city and it is a money pit.

I guess my main dilemma is taking out more money against the house that I’m currently in a good situation with to put that equity to work VS. not tapping that equity and moving forward with a conventional loan on another property in a “safer play”.

This person told me they were doing a lease option with the owner to gain ownership from paying the back taxes.

You’re borrowing against the equity in your home, so the money is not income but rather loan proceeds that you’ll need to repay.The pros of a cash-out refinance for most investors include the ability to build their portfolio and scale their real estate investment business.The cons could be trading a lower interest rate for a higher one and increasing your loan-to-value (LTV) ratio.

So in RI you must let the person who has the protection order out of the lease.

I personally utilize Buildium to run my long term/mid term rental properties and it allows us to conduct tenant screening, applications, tenant payments, and maintenance requests all through the portal.