In addition to this duplex, I have one other paid off with established LOC, and another nearly paid off.

A FHA 203k Loan is where the purchase price and rehab costs are rolled into a single loan.Assuming you have a respectable FICO you can buy, with a FHA Loan (3-5% down, a 30 year amortization schedule, and a residential loan rate which is around 7% in today’s market).If the property requires rehab, the Realtor and/ or Mortgage Broker will suggest applying, for a FHA 203k Loan.

I also have an investment company that has been established for 10 yrs that I’ve flipped a few properties and hold land in.**** My current issue with the lender that I recently spoke with was that I had to have experience building a SFR on my own property and have sold or refinanced and held in order to be approved for the loan.

Since 2017, I started investing exclusively passively in real estate syndications - in over 15 opportunities at the moment.So far, the two than have fully exited have returned a 32% and 25% IRRs NET, respectively!

You will need to compile a convincing case as to why the cities established maximum blockface density should be exceeded in this instance.

@Jon Ankenbauer Transferring the land via a traditional sale registered with the county is a straightforward option to establish clear ownership and equity, which is essential for future financing.

Quote from @Henry Clark: Quote from @Ashley Wilson: @Henry Clark I respect your perspective, however in my experience (I have coached over 200 students) the majority of students don't know where to start to analyze a deal.

Do you have one already established for your other properties?

Not trying to throw anyone under the bus and I respect both of you for doing what your doing and you guys probably do a great job.

Eliminate debt, establish a budget, and save.