I don't think $20k is that far off if you are hiring a General Contractor to manage the project.If you manage it yourself, I bet you could get it done for somewhere between $10 to 15k.  

As important as it might be to know what a GOOD deal looks like, I would bet dollars to doughnuts that it is just as important to know what a BAD deal looks like. 

As important as it might be to know what a GOOD deal looks like, I would bet dollars to doughnuts that it is just as important to know what a BAD deal looks like. 

From my limited understanding HELOCs are typically whatever the current mortgage interest rates are plus 1 point. 6.125% doesn't seem too out of line.

Once booked, you can bet they'll be combing over the photos with a fine toothed comb and a gleam in their eye, and sharing the listing with friends and family (or fellow guests) as they envision their actual stay there. 

I do not know how to limit future leverage, since I have limited cash.

There is a limit on how much mortgage you can pay if its all in your name. 

@John Groseu, a lot of NY-metro markets are cooling due to last year's tax bill limiting SALT and over building, in the city especially.

Hi all, I'm new to BP and have been assertively listening to podcasts and reading BP sponsored books over the last couple of months.  I feel I have a good understanding of the BRRRR strategy, how it works, and the sho...

really appreciate it@Julie Toh I have only bought my first property a year ago with 20% down payment. what is the equity limit on a property to be able to do a HELOC?