We had to move fast and initially decided to sell it, the relator who was helping us somehow convinced us we should make it a rental property......... and let her be our tenant (insert face palm here) so since we had no real estate experience and we were already moved away, we agreed.

Exit Strategy:Every deal should have an exit strategy, whether that’s selling the property for a profit after appreciating in value, refinancing, or holding onto the property for long-term rental income.Connecting with Experienced Investors:It’s awesome that you’re looking to connect with others on this journey!

I have purchased an off-market property from an investor who now wants to sell the rest of his portfolio.

If not, should I sell stock that I have that has capital gains that would be due on it and offset that?

Mark our contractor and groundskeeper will get 30% if we sell standing trees.  40% if we sell finished lumber.

Hi Shayan, You will be able to close on properties quickly and have access to rehab funds immediately if you are able to qualify for a HELOC that can cover both the purchase and rehab.You should be careful though as if you cannot sell the property or you run out of rehab funding, you may end up being over leveraged.

If you don’t plan to sell the lots w/mobile homes is there a reason you have to split the lot?

I am selling the LegalShield small business legal plans. 

When you go to sell, Montvale requires a certificate of occupancy so this issue has to be resolved in advance of a sale.Although I am not a lender, I assume you will not be approved for an owner-occupied mortgage on 5-units if it is a legal 4-unit without some type of mortgage fraud whether in reported rents, units, or another legal document or representation (very very large issue from a legal perspective with multiple arrests in the last year for anyone playing fast and loose).As far as the DCA, I would recommend coordinating your work with the city with the DCA.

I have absolutely nothing to sell and would be happy to help if you think that I can be a resource.