Given the recent pickup in activity, I thought this would be a good time to re-hash the agencies' small balance multifamily loan programs for future reference. 

He wanted to finish developing the property by adding more storage units, but the current Director of P&Z told him the zoning has changed and will only allow him to place "tourist-related" businesses on the property. 

Hi everyone, I am currently a 19 year old sophomore in college and I recently was given the opportunity to invest $200K into real estate if, I can find a method to invest and do the work to make a deal(s) happen with a bit of help along the way.

Hi everyone, I have it as a goal next year to buy one investment property so I need to learn as much as possible about the process for doing so.

Should I put heloc on the 3-plex due to the current low rate and use the cash to BRRR?

Then, upon resale, does this private lender simply inform the title company of the payoff?

Would that be worth the effort?

Hi Taylor, glad to have you on the forum! 

The seller, who inherited the property, was motivated to sell and move on.

Looking forward to learning and sharing with the community.