"We do not expect much further upside for housing demand near-term.""

I'm looking to finance the project long term in a way that is helps me create positive cashflow.

Hey all,I have been listening to Bigger Pockets content for maybe 4 years and finally have removed myself from some side hustles, have the capital, and grew the...brains to start real estate investing.QUICK BIO:I am based in New Jersey, I work as a marketing/efficiency consultant, and have 2 avenues of real estate investing:Short-Term Rentals: I have 3 short-term rentals using my parents apts in NJ ( 1 of them just launched in Nov) for the past 2yrs near NYC (1 of them just launched in mid-Nov).

If it's worth that much, taking a HELOC on it should not be an issue at all long-term or short-term as long as the bank will do it.

Remember this is a marathon......That said are you planning to flip, hold(short or long term?)

Thanks, I'm looking to get into short term or long term rentals for starters.

If he has a $5MM loan in place, what was that used for / is it coming due/ was it short term/ etc.?

While that kind of income is not a deterring factor, when I looked over the terms of service many big red flags came up.

@Emily Shin landlord experience is invaluable for a career in rental real estate.It's not something you may want to do long term, but the experience can help you select and manage PMCs.

Once identified, we negotiated favorable terms by emphasizing a fast and hassle-free closing.