Are you looking for more cash to invest in something new or for more cash flow from the property that you're refinancing?

I look at a property check everything myself , I take notes on what I know it needs and I leave .

I’m currently diving into the real estate world, focusing on finding off market deals and distressed properties as a bird dog.

We currently have a construction loan on the properties and we would like to refi to a more conventional loan.

Partner Driven, alongside Jerry Scott and Chad Wolfe, transformed the property, increasing its value significantly.

Its much harder to turn a property around in 6 months expecting to have 100% of your money returned back to you - but if you focus on the right property focusing on highest and best use with an ADU add (like mentioned), in-fill/lot split, or other rehabs - then hopefully a semi-decent property like that will perform like a champ in a few years. 

Your SEC attorney can help you with the details.Typically you would have one LLC that owns the properties and another LLC that acts as manager.

One of our borrowers who successfully flips on the South Side (Dobson, Park Forest, etc.) is capitalizing on the abundance of discounted rehab properties (on market and off market via wholesalers and the such), which is a key strategy given rising rates. 

I used half the HELOC ($160K) as a down payment on a 12-unit property, making my dad a 35% owner since we used his funds.

If not rented at fair market rent, this property will just count as your residence, not a rental for tax purposes.Structuring the property under an LLC or land trust could trigger a due-on-sale clause, so check with the lender before proceeding.To minimize risk, consult a CPA for tax strategy, weigh financing costs, and draft a legal rental agreement.