I’ve flipped in the dc area for years, right now there is just money & in the vast majority of cases there is high likelihood of losing money, right now the best investments in the area imo are buy & hold, I’ve even gone full circle and while I really liked value add for most of the last decade I think in a lot of ways new construction especially in more affordable markets (I’m personally a big fan of the eastern shore market) is a much better way to make money long term than flipping and brrring while I know they are sexy & certainly you getting a huge paycheck is great, there just isn’t any money in it right now, especially in nova. 

You can start real estate investing, reading resources, familiarizing yourself with the Albany, GA market, setting short-term and long-term goals, preparing financially, building a team, conducting property searches, conducting due diligence, making an offer, managing property, and joining local groups.

(Loan to Cost) Can you find a private guy to lend you high LTV for short term?

You might be able to get out of the immediate jam while you setup longer term financing to pay off the credit card bill.

It does not show any license form for long term rentals.

Lenders that are investor focused have recently expanded their guidelines to allow more flexible underwriting and financing terms for eligibility. 

We will be looking for better lending terms and will move faster.

Hey @Clayton Jeanette, I'd shop around, there are very widely varying terms in HELOCs since they are usually held in house by banks.

If you're the type of investor to leave lucrative vacation rental investment to luck, then this post is not for you..It is intended for those that are looking for a fool proof strategy and tips to finding, assessing and buying an STR in the mid to near term. 1.

J Gerard - Is this a long-term or short-term rental?