Building equity in your house is one of the biggest financial advantages of homeownership.

If you decide to pursue this option be sure to EXPLICITLY spell out how the maintenance of the buildings will be handled as these types of facilities tend to be hard on property from my experience.

He is currently buying old houses and reinvesting them or tearing them down and building depending on the condition.

You’re also going to have a 25% depreciation recapture on 3.6% (got) per year on the building value, 10 years in your case…so random guessing.

my experience in SC which is basically limited to building about 35 new builds in Charleston market and funding a few flippers up by Augusta and a few flips in N.

Quote from @Sam Brock: I'm a contractor and currently building two houses on two lots that I own outright.

What kind of commercial building is it? 

First off, congrats on building such a solid portfolio!

Go to BUILD YOUR TEAM at the top of the screen and look for local investors or meetups in your area.

- Our goal: Learn the ropes and eventually build a portfolio.Looking to connect:- Are you a non-US citizen/ non-green card holder investing in the US?