Home Equity: What Is It?

It can help build some incredible relationships and really learn some great tips from the pros!

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $850,000

Cash invested: $500,000

Sale price: $2,250,000

Purchased , knocked down, built new from ground up

...

I would assume that it should be blocked off with some type of decorative tile or something of that nature.

Due to a very high entry level in my home state (Long Island, New York), I have turned to look at out of state markets, particularly Augusta, Georgia. 

I started off with 3 houses on a lot and another house two lots down. Later I was able to buy the vacant lot between for a grand total of about 2.4 acres.All the houses are in bad shape. I've torn one down and I've pr...

So I would like to get the opinion of some experienced investors.My goal is to buy (3) three to four multifamilies.I inherited a 3 family fully paid off and own my current home.Between the two I have roughly 550-600k in home equity.  

A real estate lawyer can help you navigate the specifics, including ensuring you don’t inadvertently trigger any unintended tax consequences.A few tips to consider:Check with your mortgage lender: If there’s a loan on the property, transferring it to an LLC could violate the loan’s due-on-sale clause.

I’ve lived in my current single family home since 2020.

Do you have any tips on how to approach and structure deals with private lenders for scaling?