I would suggest creating an LLC if you plan to own multiple of these so you can grow your portfolio from the LLC.

. :-)I plan on renewing the plan when it expires in July.

If you plan to pay it off after that 3 year mark, you won't be penalized. 

If not, then we can talk about Plan B...

No one who has actually made a $1 million on one deal is going to have a plan that works for you.

There is always higher risk when operating with hard money, so you'll want to make sure that you buy a solid deal, in a good neighborhood, and have a plan for rehab and exit strategy.

Hi everyone,I'm planning to open an LLC soon and begin buying and renting out multifamily properties in Massachusetts.

Hi Michael, If you are looking at a bridge for a fix and flip (either to BRRRR or to flip), typically HML will want to see purchase price, your track record, your credit score, your reserves, your SOW and an idea of your exit plan and ARV. 

High Maintenance Costs: Escalating maintenance costs can erode your profit margins.Change in Neighborhood Dynamics: Shifts in the neighborhood that negatively affect your property’s value are a red flag.Better Investment Opportunities: Selling might be wise if you've identified a more lucrative investment opportunity.Cash Flow Necessities: If you need liquidity, selling a property can provide a significant cash inflow.Tax Implications: Sometimes, selling can be advantageous for tax reasons, especially if you can benefit from capital gains tax laws.Personal Financial Changes: Changes in your personal financial situation may necessitate liquidating assets.Retirement Planning: Selling investment properties can be part of transitioning into retirement.Portfolio Diversification: Selling might be necessary to avoid overconcentration in real estate.Legal or Regulatory Changes: New laws or regulations can impact the attractiveness of holding onto a property.Ownership Challenges: If the burden of ownership outweighs the benefits, it may be time to sell.Real Estate Market Trends: Anticipating a downturn in the market can be a reason to sell early.Interest Rates: Rising interest rates can reduce the pool of potential buyers and lower property values.Property Value Appreciation: If your property has appreciated significantly, taking profits might be smart.Lifestyle Changes: Sometimes, personal life changes dictate a shift in investment strategies.ConclusionDeciding to sell an investment property is a complex decision influenced by market conditions, personal circumstances, and future investment goals.

1. plan for a 10% dip in values & run your numbers that way. 2. check out jamil damji's book on wholesaling, and use the parts about all the different ways to find good, cheap deals.3.