Ray, I sent you a private message.

I own a duplex in Concord and I am thinking of converting it into a condo or condex. I have been doing a lot of research, but would like to talk to someone who knows the whole process. How much time it will take, how ...

Conversely you could own a partial interest in a DST much larger property to be passive with 170k whereas owning in the quality area yourself with 170k down might be like finding a unicorn.STNL NNN commercial is not a yield play.

What I do know: Privately ownedLast sold at over $600,000 in 2015Last assessment: 2016 at $128,752.1287Classification 2-09Tons of violations for poor upkeep Rat investationPoor lawn maitenanceTons of trash(doesn't seem like an issue at this time... no rats seen on the way to work)What I would like to know: Would this be worth tearing down?

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However, I'd argue that there is no more risk in holding than there is in pursuing hard money and ending up not being able to refi out.I'm sure there are those that would say sell and pursue private money or hard money, but if monthly cash flow is $300 or more I'd wait it out.

You have to pay PMI (private mortgage insurance) not really a big deal though.

Yes, it is possible, but usually done with 2nds, either from a private lender or owner carry. 

Have preliminary conversations with them to see what their requirements are as well as the terms of their product (i.e. draw period, floating interest rate as it relates to prime, repayment schedule, annual fee, and closing costs) before you start forking over all kinds of financial documents.3) Most banks will go with 80-90% LTV, which means they will take that percentage of the appraised value and subtract it from your outstanding mortgage to determine the credit line.

Trying to get a HELOC after the rental conversion will be much more difficult with restrictive LTV's of 60-75% at best (usually) so its best to do this HELOC when you're still classified as a primary residence.Hope that helps.