All Forum Posts by: John Medeiros

hello everyone, i own a property in mentone ca. and Im looking at build a duplex behind of small house on the lot. would like to build three units but the property is on ceptic tank, which can be very expensive to add more than one tank . any idea what is the cost per sqf. this will be basic construction 2 bed.x1bath. any help will be appreciated. 

I own a rental property, and have room to add a triplex behind, i do have the funds to do it , I also own another rental and its paid off and a good equaty on my own house should i buy multy family units or build. the triplex and than move on to the next one. the only issue is hard to get loans because im not working.

please any suggestions will be appreciated.

Hi James, good subject, I did this awhile back, i ask my bank for a line of credit on two properties  , mortgage free, and 50% equity on my primary house, but since I have not been working I couldnt get it line of credit aproved, i do have a 401k and thinking in roll over to a self direct ira, but can i use that instead to build a triplex in one of my properties .

congrats, im also looking at doing the same, i own a few sfr, and now want to add a triplex in one of them making a fourplex property. is there anyone outhere want to opinion on this deal. this property s in mentone Ca.

hello everyone, i have two rentals and mortgage free,in one of them (mentone ca.) i have room to add tree units, as of now i have a 2bed and one bath on the front of the property the triplex will be behind. the only issue is Im not employed and nee capital to achieve this, im also looking in doing flips or byuing and hold( rent out). is there anyone that can help me with this.

hello, im mary and i own several rental units and have a bit equaty, i live in san bernardino county california, and its a good area to rent, so i would like to see if i can get a few more single units (fixers) or even to flip if i see good deal on it, but my issue is me and my husband have not been working for awhile, and we think its going to be a problem when we approach the bank or financial company to ask for a loan, do you have any other suggestion, i heard about hard money for flipping but nothing about bying and holding. any sugestion will be apreciated. thanks  

, I own my house with good equity and also two rentals free of mortgage, i have been out of work for the last three years, now i would like to flip and buy and hold rental properties. i do have cash for down  payment, but can i use more equity from the properties I own to purchase  more properties.