Dont use excuses to stop you from moving forward, simply find a way to make it possible. my intent wasn't to throw up roadblocks, just setting expectations. the expectation of banks is usually for the borrower to have skin in the game, this is not a hard and fast rule, but one that shouldn't be expected to overcome.

If it's your first time doing Vacation Rentals, feel free to ask for some tips when you set it up!

Lol well I am super new

I am buying my first Multi-Unit, super excited.

Hi, it will be much appreciated if you can reply back.

Keep looking, keep running numbers, (and if you really plan to do much of this, you might want to use the BP calculators by becoming a pro member) I made my own spreadsheets for a long time, but the BP ones are so simple and fast. 

I'm not looking to do a 3rd lien as a cash out, I'm just looking to get more out of the LOC since the equity has increased by so much. the real crummy part about it, is that if I go with another company for the LOC and they have to have permission to re-subordinate, that would tip off the mortgage company that holds my first that it's not my primary anymore, and they could possibly want me to refinance into a different product...which I could do...but I wouldn't necessarily want to do haha

The purchase price is $85,000 but i can get it for $80,000 or less right now its a 1 bed 1 bath but it can easily be updated and turned it to a 2 bed with an addition and the avr is $260,000 for this area and its an excellent area and can deff sell extremely fast she sends me these deals at least once a month some good some ok but always at least one thats smoking 

Homes in this area are appreciating fast.

Looking for some advice or tips on my current property that’s listed.