For plumbing, any new piping (even replacing existing pipe with new) would require a permit.

In the US, the blockchain represents a solution for a problem that does not exist.

Thanks D  Effectively, if you use a 1031 exchange, think of it similar to the replacement property doesn't exist for tax purposes and you kept the old one.

It's not likely your friend was saying that you would get another HELOC to go in 2nd position (banks don't like to do a HELOC behind another HELOC).My guess is he's saying you get another HELOC with a larger available balance, and use that HELOC to payoff whatever is remaining on your existing HELOC.

. ;-)2023 Was The Worst Year On Record For Existing Home SalesClick to enlarge Yes, I said even in 2022 that 2023 will have low transactional volume. 

I wouldn’t lend more than 65% on a new loan, or pay more than 65% LTV for an existing loan, and the 65% is if every things prefect.  

Not to mention our existing airbnb arbitrage portfolio ; I say all this because, for me.. rental arbitrage was a stepping stone to building a business in real estate.

They do exist though.

If it was a poorly run property some of those might not exist.

So definitely make sure to sign a new lease (ie. your lease) even if you take over an existing tenant.