Rental demand has been strong with an asking of $1,700 per month per unit that does not include utilities.

There are plenty of investors that utilizes hard money loans.

I would like to transfer the property into my own name so that I can utilize the equity to acquire rental properties.

Utilize the different BiggerPockets calculators to familiarize yourself with the market and the deal analysis process.

My brother's rental is a little over 1,000s sqft heated living area, so the ADU would only be permitted for 500 sqft in Winston-Salem, according to information I found online .One advantage of an ADU I believe would be the ability to hook up to the primary residence's utilities. 

After running rental numbers I cant seem to find a property that cash flows utilizing the LTR strategy. 

Less Competition - High-interest rates and market uncertainty may deter some flippers, reducing competition for distressed propertiesMarket Demand - In some areas, there remains strong demand for renovated, move-in-ready homes.Price Negotiation - Sellers of distressed properties may be more willing to negotiate in a high-interest rate environment.Cons:High Carrying Costs - High-interest rates increase the cost of borrowing, which raises your holding costs (interest payments, taxes, insurance, utilities).Market Volatility - Real estate markets can be unpredictable, and high-interest rates may lead to slower home sales and declining prices in some areas.Renovation Risks - Unexpected renovation costs and delays are common risks in any market, and high-interest rates exacerbate the financial impact of these issues.Financing Challenges - Securing financing for both the purchase and renovation can be more difficult and expensive in a high-interest rate environment.Mitigation Strategies:Thorough Market ResearchAccurate BudgetingEfficient Project ManagementFlexible FinancingExit StrategyFixing and flipping properties in today's market can still be profitable if approached with caution and thorough preparation.

You must be a US real estate investor in order to utilize the 1031 exchange.

Hope I can explain this well enough.  Background....I invested in two DST's in Jan of 2022.  When I received my 2023 taxes back from my tax preparer, I noticed that they included income from the DST's but did not incl...

Has anyone started utilized AI & ChatGPT into their business?