Remodeled the upstairs effectively adding two bedrooms and one bathroom What was the outcome?

By contrast, small multifamily is a highly inefficient market.You teach underwriting to the average, which is the correct way to do it.

Their neighborhood selection process is key in affording investors a home in an area that instantly produces positive cash flow and high probability to earn above average market appreciation over the long term.

Do your due diligence but do not get stuck in analysis paralysis.Lastly, these online calculator are a good guesstimate but it is skewed with bad managers not effectively reaching the potential of a property So dig a little deeper into the high performers in the area to figure out what the rate should be and what they offer.

I lend as a 2nd lien holder (in Florida mainly) because the returns are huge but I am comfortable with high risk as well. 

Typically high interest like 10%-14%, maybe more if it is a 2nd. 

Generate a list from propstream of the kinds of properties you're looking for (high equity, certain size, location, age, etc).

Note not tax advice, this is more for the high income earner...Simple Scenarios: Using TurboTaxPrimary Use: TurboTax and similar tax preparation software are best suited for relatively straightforward tax situations.

If the cost is high and you're not getting sufficient ROI, it might not be worth the additional debt or investment.Tenant Considerations: Frequent repairs and maintenance requests from your tenant indicate that the property might be challenging to maintain.

Hi Hoa,- Hard money is fast efficient, expensive,  it has high rates and points and shorter term 6-12 months or less typically with extensions available- HELOC typically has no points but prime + 2-3% margin right now is almost the same rate as hard money and closing costs are a lot less than hard money and you can rinse and repeat and reuse it after paying it off so yeah overall its better than HML (hard money lending)Thats just the beginning of your research, the reality is in real life you might need both sources, make sure to have both ready and start with the best execution or option first and always be ready to use the others if the need arises.rehabbing is messy AF especially on older housing Illinois housing stock from 1895-1940's.