We hired Bildwise for a renovation of our 1965 single-family home that included complete electrical rewiring and updating, roof replacement, light kitchen and bathroom remodeling, new flooring, new interior paint, and masonry repair.

Because most bank financing requires personal guarantees, something strictly prohibited by the IRS in Internal Revenue Code Section 4975, therefore precluding you from using leverage.

Just not sure if it's something to keep moving on with my limited capital for the interior remodel as well.

It showed that maintenance/cap ex is higher than all the calculators default percentage would reflect and higher than I would have expected.  2/2 Condos with just interior is ~$300/month.  

Here's Bloomberg article posted last month. https://www.bloomberg.com/news/articles/2024-04-04/the-case-...Transcript:By Aisha CountsApril 4, 2024 at 3:00 AM PDTAmong the many channels on Meta Platforms Inc.’s internal messaging system is a group for employees to chat about investing in real estate.

We have built the platform internally and do not use an external forum software. 

You know, the one that MIGHT not have any deferred maintenance even though there are no interior photos... yeah lolThe reality is, you've done this a couple times (using your HELOC to fund investment purchases in Peoria).

If the HELOC amount you're requesting is relatively low (often below $100,000), lenders might waive the full appraisal.Drive-By Appraisal : Instead of a full interior inspection, a drive-by appraisal involves the appraiser evaluating the exterior of the property only.Desktop Appraisal : This type of appraisal is conducted remotely using data and photos provided by the homeowner or real estate agents.Based on the little knowledge that I have about stuff like this it sounds like you need to connect with existing lenders in your network or find new lenders in your network that have programs aligned with your goals.

Search for international people who can explain not only the basics but also culture and expectation differences.Erwin

Like replacing remodeling a restaurant you purchase with new interior, grills, fryers and coolers... you are investing in the long term of your business.