For my commercial properties, I refinance every five years, allowing me to continuously access the equity as long as the cash flow can support the debt service requirements.

“WOKE comes to Hardmoney Resi trans loans LOL”Indeed, @Jay Hinrichs.Hard Money is derogatory.Private Money is deceptive.No one knows what a Bridge Loan is.Now we do Residential Transition Loans.I’m afraid we will run out of space on our business card

Example $400,000 no debt.2.  

If you are working with a reputable company, then you buy the property, hold the property and look up 7-10 years down the road and have a home that has increased in value and a debt that has been reduced by your renter.   

.🔴 Over-leveraged finances: Borrowers with excessive debt or insufficient personal capital invested in the deal could pose a greater risk of default.🔴 Questionable property comps: Overstated market values or inappropriate comparables may mean they’re inflating expectations.As always, thorough due diligence is your best protection.

Quote from @Sonja Revells: @Chris Seveney primarily Padsplits  I would speak to a few lenders first before going through all these hoops, as I started to do this then when talking to banks they were basically telling me either get a secured mortgage as they will not lend to a real estate company on unsecured credit/debt.

Try to get a cashout refinance to see what the bank thinks it’s worth and how the business would perform with debt.

My own thinking is their US passport was suspended which is required to remain in Portugal if you are a holder of a temporary residence card and they had to leave??

This is even true for student debt.I recommend the old-school, proven technique of paying off all debt.

He has another $50k in assets and $325k in investments and no debt.