Remodel#rd Bedroom conversion by building a closet (the window and door were already there).

During a recent conversation, the following question came up:------------------------------------------------------------------------"The question is:You buy a 'new build' house.

Quentin, build your knowledge, make sure all this is done correctly.Banks rarely call the loan just because of the deed being transferred, something else triggers this, mostly because the investor decides education is not worth the money.It can be because the Insurance was not done correctly, the seller does not understand the process, the Title Company does not know what to do so they call the Bank and make a mess out of the process and a few other factors,If the investor is knowledgeable on what to say to the Bank if they call this is a fairly simple conversation to have.

Too many to discuss here.Seriously, you need to have a conversation with the seller to find out the things you need to know.

I'd love to have another conversation.  

Once you identify a realtor you want to use make sure you have a long conversation with them to break down exactly what you are looking for in your first REI.My advice is do lots of research on every property and make sure you identify its current market for both rents and value. 

Look forward to many conversations on here.

Plus, I use it as my CRM to keep all the info about clients, properties, and conversations in one place.May God have mercy upon your soul. 

But these programs: Extensive rehab, Multi-family conversion, these are programs for the experienced investor. 

The 1031 positions the investor into a property that the REIT absorbs as @Joe Sera said in the 721 conversion.