Can you hold them in a crisis?

Owning in an SCorp is not for all lenders, but plenty of lenders are ok with this holding type. 

My inclination is to suggest paying back the PML 70% of the land proceeds (presumably $168K) at that closing and then hold the remaining loan until I sell the house. 

I’ve been exploring buy and hold opportunities in my area, and I recently came across a situation I’d like some advice on.I’ve come across a property in my area that I’m very interested in, but I want to make sure I approach the situation the right way.

🔄 The Side-Hustle Timeline: How to Build Your RE Business While Working 9-5Ever feel like your W2 job is holding back your real estate dreams?

Get a hold of a trusted lender and run through the options with them as well.

As for holding a home and building another one - be sure to include carrying costs of the first home while building the second.  

But in my experience, you would be better off spending that same amount of time/hustle working a second part-time job with guaranteed income, then investing in buy-and-hold properties. 

Also, if you form an LLC to hold the property, you will need a designated agent(attorney) in that state. 

If you can find a fixer at a good price, with room for an ADU, and the comps are good, then you have a deal.Are you planning on flipping or long-term holds?