With comps ranging from $875K-$1M and your estimated build cost at $550K, the after-completion value gives you a significant equity cushion, making this project highly attractive to lenders.If you plan to hold and rent the property, you could refinance into a DSCR loan after construction, which bases lending on rental income rather than personal income.

BP forum messed up my post. was going to say this: I use eggshell for all of my own properties.

Does the city or building department not post the property with a big red  stop work poster ?

If you ask a banana farmer if bananas are good for you, he will tell you they are absolutely necessary to a healthy diet . . . and he happens to have some he can sell you.You asked if you need an LLC.

Hi gang. Can you recommend a management software for managing 100+ doors I tried Cozy. But I need a portal where I can do the following -Customize the tenant application  ( Cozy does not  allow me to customize)- Have ...

I know many investors go out of state for buy and hold properties to generate passive income, but is Blythe a lucrative market?

Should I file suit to make them sell the property?

@Muhammad Kashif Flipping a property in 6–9 months results in short-term capital gains, taxed as ordinary income (up to 37% federally, plus NJ state taxes up to 10.75%).

Doing so will help you avoid capital gains tax if you decide to sell later.Second: Test it out by renting the property for a year.

So the property owner can never sell?