This is a journey I am eager to start I guess you can say I am all in!

This will be subordinate to the existing FHA loan, but you’ll need to qualify based on your credit score, income, and debt-to-income ratio.Home Equity Line of Credit (HELOC): A HELOC could also be an option, offering flexibility in how you draw and repay funds, though it might come with variable interest rates.Balloon Payment Loan: This type of loan can offer lower initial payments with a large lump sum due at the end of the term.

Background information is that my wife and I have a high w2 income and also started an llc to mange a short term rental that we own.

Let’s say you discount it 50%, $250k for $500k value it starts great (100% return, but rate or return after would be 2 times the appreciation while at 80% LTV the return be 5 times the appreciation.  

However, the good news is since you've owned the property for over a year it will be considered a long-term capital gain which holds a much lower tax rate than if you owned it for less than a year.  

It is an entire program with participating lenders, and the process should be started before you start putting out offers on properties.Read more here:https://www.nj.gov/dca/hmfa/roadhome/index.htmlIf you need funds to close, I would probably suggest starting the process for your 401k loan now.

While in Afghanistan during the prep for withdrawal we started getting rid of certain career fields on base and the rest of us started doing what they did. 

If you go full doc the rate can be lower but you need to show 2 years of income where your debt to income ratio makes financial sense. 

BP is a great place to start.

This city in Michigan is slowly making a comeback, and investors are starting to take notice.