Well, hi everyone!
I am here to learn and share knowledge. I currently have a SFR in Ohio that I have 100% equity in, that I am looking to rehab and use as a LTR. I am interested in learning about creative financing for this rehab, networking, and eventually growing my LTR portfolio to several units, with some potential added flips along the way. It would be great to make long-term relationships with a lender who is interested in repeat project funding and paybacks. Thanks to everyone for the education that I am ready to receive!
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Great position to scale. With 100% equity, keep leverage cheap and flexible: price the rehab with two fixed bids, then choose between a low‑doc HELOC on the Ohio SFR, a local bank rehab line, or true private money for speed; avoid hard‑money unless the spread easily absorbs fees. Stabilize the LTR with conservative rent, PM, maintenance, and reserves, then refi or place long‑term DSCR only if it improves cash flow and keeps total cost of capital in check. Quick next step: define your buy box, line up a HELOC prequal plus one private lender, and post your scope and rent comps for a fast gut check.