Additionally, lenders may require a release price (a specific amount to pay down the loan) for each property sold, which can complicate the strategy.It’s worth discussing these details with a trusted lender or mortgage broker to ensure the plan aligns with the loan’s terms.

Should I lower the price?  

@Dylan Gomez When selling your inherited property, your taxable capital gain will be the difference between the sale price ($380K) and its stepped-up basis (the fair market value at inheritance, likely $250K), minus selling costs (e.g., realtor fees) and documented remodel expenses ($50K).

The seller's LLC pays capital gains tax and depreciation recapture, while the buyer's LLC uses the purchase price as the new cost basis.

If you want good contractors out there quickly , pay their price and pay it quickly . 12 months is too long , we can build a 3000 sq ft house ground up in 3 months . 

And in those events prices can rise dramatically!

@Jaycee Greene Price range probably up to 350k ish 

It may be a little scary but if you go higher on your purchase price, 400k and up. 

Our median price home is much lower than Austin.

Northern New Jersey has very little land, therefore the price to buy land is too high unless you somehow get it at a great price.