How long does the city keep the permits?

I would assume a greater emphasis on quality of materials and workmanship (and consequently higher rehab cost) for a rental where the investor will have to deal with the longer term implications of any corners that were cut.

As a newbie to this process and my basic need to understand it all I am trying to do my due diligence prior to jumping in.

Property taxes will likely be reassessed based on the transfer value, so confirm local rules to anticipate potential increases.If you hold the property for at least one year, you can use the equity as collateral for a construction loan, aligning with your long-term financing plans.

Doing it the right way is cheaper in the long run . 

In terms of using home equity, you would either have to take out the money using a Home Equity Line of Credit (HELOC) or you could do a cash-out refinance.

Real estate investing can be an effective way to build long-term wealth, and among the various strategies, one has gained significant popularity over the years: BRRRR.

I have several different loan products but my most popular one is the new joint venture product that hasn't been out very long.

• Timeline & Scheduling: • How long will the project take?

While I help people find their dream homes daily, my true passion lies in real estate investing and building long-term wealth.