Make sure to compare the costs and benefits of using your HELOC versus keeping it as a reserve for unexpected expenses.Market Conditions: Research the Dallas and suburb markets to understand demand, rental rates, and appreciation potential for both 4-plexes and duplexes.

He offered me a deal he had PRE NEGOTIATED, it was a SFR worth $50-55k (remember this is 1982-1983) for $55,000 with $5,000 down and owner financing of $50,000 over 20 years at the then unheard of interest rate of 7% ( new financing was available at 11% +).  

Project like this is a year at least right. cost to sell and carrying costs land at todays HM rate 12 % thats 120k commish                                       200k so maybe net 750K or you think you accounted for those in the  2 million ?

Look at rental rates in the area to get an idea of what you could reasonably charge.

Quote from @Kevin Turcios: Reach out to her with an introduction and ask if she would be willing to meet and talk about the property.

Yes, my interest rates would go from 5.25 to 7.5 or 8 but I would be eliminating debt payments and possibly adding a 12th rental property? 

I only heard about Partner Driven last year and so far so good 👍🏼 As a licensed REALTOR and loan officer, I knew the traditional buyer pool was going to shrink due to the looming interest rate hikes.

You may need to show that you have completed at least 1 fix and flip or hold to get the full cash out, otherwise it may just be a hold back for the renovations and a rate and term refinance for your 1st mortgage 

I’m happy to explain how the Partner Driven system works and what you can expect.How It Works:100% Financing: We provide 100% financing for both the acquisition and rehab costs of the property.Deal Review: Our team reviews and underwrites the deals to ensure they meet our criteria.Coaching and Support: We offer ongoing coaching to guide you through the process, from finding deals to managing rehabs.Profit Sharing: We operate on a 50/50 profit split.

We brought in $31.37k in revenue with 89 bookings and 83% occupancy $136.98 Average daily rate from 9/1/23 to 6/1/2024.