That way, you understand all the moving parts and can add the specific data you want to evaluate.

Make sure you have a backup plan (contingencies) for if/when obstacles arise and you’re required to spend more money and possible more time (3-6 months) to the overall project. 

They are now offering a damage protection plan  and  cancellation insurance with an additional optional fee cost to the guest.

Just my good friend Tony from college... had a plan before a girlfriend.

Additionally, if you got a loan on top of your cash advance (say, you only had enough cash for a down payment) then I imagine you're also paying loan fees twice.This may all be fine and dandy if the numbers work, but is this a viable plan or a total gamble?

Hi, I am planning to buy rental property this year in Michigan.

Since myself And another partner are local we plan to live in the first one while we understand the process of what it takes to build and get some experience under our belt then the plan is to scale from there, really just need to get our feet in the door to which I appreciate the connect with Jennie.

Our plan is to hold the house 5 years + until the market comes back, or possibly just holding it long term. 

@Jake this was the case for me specifically for the deal I mentioned... but certainly not every Seller finance deal will be the same. 30k is astronomical for a "turn-key property", and would not be suitable for Seller finance terms anyways.

I did pull out the maximum allotted amount of the HELOC which I plan on using for BRRRR (already closed on a property!).