A high end community will demand remodel to make the place look fresh and "trendy".  

After all that, most of you who read this will probably be saying to themselves, "Wow this guy needs to get outside and get some vitamin D and fresh air!". 

This would probably either be a "knock-out refinance" where the new loans pays off the $175k remaining balance on the home OR it would function as a fresh purchase loan, funding your brother's purchase from your grandmother.

Given that my credit was low (fresh out of college) I was able to get preapproved using my pay stubs (engineer).

I have a freshly completed 4 bd 1 bth that has just undergone a top to bottom rehab.

Once the property acquisition plus improvements = your reinvestment target of $1.5 you take title to it.By doing this you defer all tax and depreciation recapture from the sale.You get a significant portion of cash tax freeYou get a spanking fresh building to manage with little near term threat from cap ex..

We might be able to uncover something for you.

You have to uncover the leads that not everyone sees.

Inglewood's best time to purchase is long gone (in my opinion) but deals can still be found, you just have to work a lot harder to uncover them.

A similar example was shared around a house purchase where marketing and other business activities uncover a property.