The home was then sold for a profit, providing a strong return on investment.

The idea would involve working together to construct a road that provides access to my property.From there, I’m considering developing a 16-unit multifamily project on my land.

Now the post test reveals I have pvc sewer line leaks under the concrete foundation. plumber has found multiple breaks in the line which need to be repaired and has provided an estimate for tunneling under the house and replacing entire 45ft main line!

@Jillian Alonge A HELOC provides quick access to equity for your next property but transferring the property to an LLC via quitclaim deed may trigger the due-on-sale clause—check with your lender.

With the numbers you provided above, you will have to ensure you have healthy reserves.

@Josh Jung do you recommend any providers?

Use the partner to scale, not the refi, split the cash flow according to shares dictate in your operating agreement.There's multiple ways you can approach your situation; I just wanted to provide some fresh eyes from the outside looking in!

@Katie Camargo Don't expect the acquisition lender to provide better terms.

I have worked with a number of great CPAs over the years and would be more than happy to provide you with recommendations if you'd like?

Partner Driven provided 100% of the funding, including the $45,000 purchase price and $92,049 renovation budget.