And you will see many forum threads on the con's of that approach.

Hi guys - we are about to close on a property soon in Philly and are planning to do the following work - -Add HVAC, Add a full bathroom and add a half bathroom, Fix kitchen (keep same layout)My contractor is saying that (Approach - 1 ) - we don't need to pull permits.

A new approach is required.  

Could anyone share their knowledge or resources on how to effectively approach this renovation?

The timing of the sale at $315,000 shows how combining a long-term hold with a flip can be a highly effective approach in the right market.

Funny enough I never filter by Sale by Owner so will definitely look into that while I educate myself in best ways to approach the owners and convince them why it would be great for both. 

Derek, so assuming I get a 300K from equity via cash-out refi and I purchase a new property in full cash with no mortgage but with enough monthly cash flow to cover the new loan amount of $494 K ($194K + $300K), wouldn't it be okay to take this consolidated approach with one loan with two cash-flowing properties covering the monthly mortgage and other expenses?

Until now, I had a great credit score, but I'm concerned that my increased debt might affect my ability to obtain a HELOC or a Home Equity Loan.A lender approached me, claiming they could help me secure a HELOC, but the encounter felt coincidental, making me feel vulnerable.

With the holiday season approaching, a significant donation to your favorite non-profit or church could provide a tax deduction while supporting a cause you care about.Ultimately, the right strategies really depend on your overall situation, and we’d need more details to offer more specific advice.

This deal showcased our strong renovation strategies and collaborative approach to achieving profitable outcomes.