Any 5th grader understands the basic concept. 

Its great to see concepts I have learned in the classroom being implemented in real life. 

I think you have a point about being safe  @Edward Liu, and I think that's what it's boiling down to.

@Edward Lavin You want to refi as much as you can and still be comfortable with the cash flow you are getting.

New siding, bathroom, roof, garage, open concept design added to entrance What was the outcome?

Hello BP members,* tried searching BP for a definitive answer and couldn't find one** I need some help understanding the process of moving from Bridge-loan to Traditional-loans*  I'm practicing running proForma-charts and evaluating properties ( * using fake Examples to drill in the concepts*).Can someone explain how exactly would one transition from a Bridge loan to a more Traditional loan?

It's a concept used within project management. 

Even if you make that a living room, there's hardly anything to be gained by taking the small pantry wall out (I assume you're going for open concept here) because you still have the chimney area that can't/won't be removed.

It's not so much the understanding of the concepts, but my ability to communicate what I'm doing to the right or wrong people could be an issue.

(that whole working vs. investing- on your investments- thing seems to be a foreign concept people don't understand).