The improvements boosted its market value, leading to a successful sale at $65,000 on 8/21/2024, showcasing our strategic approach and effective project execution.

Of course, this is all changing due to NAR's settlement, effective August 13, that no longer allows listing agents to offer buyer agents compensation via the seller.

This has effected the structural integrity of the main beam.

There are pros and cons to each, and market cycles effect each differently, as does the metro you are in.

If I buy the parcel from him, how does that effect his loan?

@Matt Owens - I've used the HELOC route to expand my portfolio and it has been extremely effective.

Additionally, controlling a larger asset through effective leverage can amplify your returns and build greater long-term wealth.By trading up, the extra basis form 1031 will also help you save on taxes.

I can't say for sure if the BP calculator offers such a calculation as your tax situation impacts how the depreciation will effect your return.By bonus depreciation I'm assuming you're referring to doing a cost segregation, if this is the case you'll definitely want to review your tax return to determine if you can even take advantage of a cost segregation.

I've reviewed the ADU rules on some of the different city's websites, now I realize how much variance there is just within the county...For example, Santee has a new owner occupancy requirement that will go into effect on any ADU's permitted after 2024 and a strict no STR policy, La Mesa on the other hand seems really ADU friendly.Does anyone here have recommendations on which cities in SD county to avoid and which to explore for ADU's?

Hey Alex - typically they are riskier since there is a lot more dependency on the investor's ability to effectively operate the rental.