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Updated over 11 years ago,
Making the transition from a live-in rehab
I recently purchased a live-in rehab project with a targeted 12 month rehab and resale period. I bought the home because it is my kids last year in a private school in the city; meaning we need to relocate to another city at the end of the 12 month period. And this is a perfect entry for me into real estate investing. My question is how do I exit the home, place my family in a temporary house in the new city, and use the proceeds from the sale of the investment property to roll into another investment property. I can only have one FHA mortgage...do I need to find a hard money lender, or HELOC, a 1031 perhaps?...thanks in advance for the advice.
- Brandon Sturgill
- 614-379-2017
Realize Property Management Group
12 Reviews
3.7 stars