@Curtis Cutler Avoid cashing out your 401(k)/457 to minimize taxes and penalties, potentially up to 40%.

I am from some of the worst areas in Detroit and have since moved outside of the areas that would be considered “unsafe” but because I am from Detroit I am familiar with areas that are redeveloping and have great growth potential; lots of new construction, townhomes even, and lots of land.

Legal consequences and potential financial loss that could have been avoided with timely updates.2.

Hi Eli, This is a creative and potentially win-win strategy that could work well in the right situation.

I’d look into the cost of a 500 sq. ft. garage and compare it to the potential boost in sale price.

Even at that price point, you may struggle to find a tenant, potentially leaving the property vacant for months.Here’s an example of a deal I’m currently working on:Purchase Price: $215,000Rehab Costs: ~$250,000ARV: ~$615,000Potential Rent: $3,600/monthUsing a $615,000 ARV and 75% LTV on the cash out refinance, with taxes and insurance, my monthly payment would be $4,267 using an 8.5% rate.

The loss may potentially be disallowed.Best of luck

Angel investors might be interested, but you'll likely have to give up a portion of the ownership or future profits, and there could be potential complications in managing the investor's expectations and involvement.

I've never done any Sacramento STR loans and only been hit up for one potential financing opportunity there.

Depending on what the potential jobs offer in terms of income, does this seem like a realistic strategy?