The HELOC was the original plan, but it was going to take too long to close so we did this instead.My 403b has a value of roughly 85k and has a remaining loan balance of about 22k… about $700 per monthMy husband’s 457 has a value of roughly 180k and has a remaining loan balance of about 30k… about $850 per monthSince the HELOC is a variable rate, I’m hesitant to use a large amount from that.

I'm trying to figure out a strategy on buying real estate from the seller on payments, adding value and reselling it for profit and thus, paying off the original seller.

The water incident happened in July 2023 and wanted compensation for damaged shoes and clothes but no mention of any further water leak nor any mold, the first mention of mold was Mar 7th of this month and there is mold so I need to remediate since insurance i doubt would cover and the tenant doesn't have the means, lessons learned, will update my lease and make sure they all have renters insurance.Yeah so not only did they cause the problem originally, but they also caused it to become a much bigger problem by neglecting to report the mold issue earlier.

Particularly the new investors the original post was targeted towards.The text book example of an alter ego is forming an LLC for the sole purpose of collecting rent and performing management functions on behalf a property and performs no other functions.

I think the most overlooked aspect is keeping the house as an original single family residence, instead of converting into a duplex.

The house is easily worth $305,000 and rents would be about $2,200 so at $220,000 it would be a great rental to add to our portfolio BUT, the contract says the buyer has to lease back to the original owner for 30 days and it will be sold sight unseen.

In exchange, I'm thinking that she would collect all the cash flow and potential equity until I refinance and get the loan originated in my name...

I wouldn't even bother if there is already a central acThe original post indicated there was no central ac.

Both the original dates work well for me.

Going to update the original post.