This allowed us to:✔ Obtain a loan to purchase the property at a favorable rate.✔ Finance the construction costs without excessive debt.✔ Ensure liquidity throughout the build process to handle unforeseen expenses.By structuring the financing this way, we were able to minimize financial risk while maximizing investor returns.

All the best on your investment journey.

You are deciding between buying a multifamily or a large home and renting rooms and asked the pros and cons of buying a large home and renting rooms.The first thing you want to consider is zoning and how the local government regulates rentals.Some communities limit the number of unrelated people who can rent in a property.Once you confirm how many people can rent in a property you want to have a local title company look at the deed and covenants that may limit the number of unrelated people who can live in a property as well.The pros are a property may check out that you can rent to a reasonable number of people in the property and the cost of the big house may be less than a multifamily offering a greater ROI and you are using the property for its highest and best use adding value to the community with affordable housing.To Your Success!

I couldn’t tell you what rates are today but I assume they are competitive.

Christopher,Helocs have changed over the years because you could get a Heloc with a rate in the low 3-4% which made the payment affordable.

Looking forward to connecting with people here and figuring out the best path forward!

It only affects down payments and rates.

Best of luck to you.

Covid saw an increase in second-home purchases and Airbnb investments, and those have increased the supply of STRs and vacation rentals in most markets, which inversely has decreased revenues and average daily rates for most hosts. 

Forest Acres)Down payment of %20 and estimate of closing and unexpected cost: Initial investment of $40,000Mortgage ~6% and Tax rate (6% - Crazy!!