Hi Everyone,
I’m Wesley, a 57-year-old entrepreneur originally from Brazil. I moved to the U.S. 10 years ago and have since started and sold four small businesses. Now, I’m curious about real estate investing.
I hav...

LP/GP equity construction loan How did you add value to the deal?

The terms may be more favorable, if you are just starting out a bank maybe nervous to do 3 at once, therefore their perceived risk will likely be reflected in less favorable terms.     

To transition to multi-family properties, research landlord-friendly states like Texas, Florida, Tennessee, and Indiana with favorable eviction laws, lower taxes, and higher rental demand.

Luckily, I have everything documented.I had my lawyer review the contract, and he told me that in his entire career, he’s never seen a contract so one-sided in favor of the company.

Maintenance and potential repairs will also require a long-term financial plan and setting aside a contingency fund for such expenses.The steady cash flow, appreciation over time, and tax benefits can make a meaningful difference to your wealth in the long term, especially with the principal paydown on the mortgage.However, if managing the property from a distance feels too burdensome, or if you’d prefer the certainty and flexibility that comes with having less debt (especially given the high mortgage rates), selling and using the $100,000 in equity to reduce your loan for your next home may be the smarter move.

I don't have a project lined up currently, as I think the project targets vary greatly on the result of this decision since there is so much equity in the condo.

Wasn't sure if I would create additional equity from getting it rezoned to Res. 

If you do this correctly you should be able to build between 30-80K in equity and have at least $200/mo cashflow when rented to set aside for vacancies rehab, repeat every year until you get 10.

Initial negative equity position is $50k. $50k / $250 (cash flow) = 200 months (16 years) to recover the negative position.