If you are looking to buy, renovate, and flip/or refi it is imperative that you have a team that is efficient so you can get it done before the loan matures/balloons.

Your homeowner policy may cover minor repair work but probably not a large construction project. 

The major project will be the floors.

Then you'll need to build a team of contractors to handle renovations and to help with things such as property inspections.

I have renovated with contractors and some DIY.

I have worked on a few projects in Scarsdale and know the appreciation is there.

@Jermaine Wesley thanks for sharing, as a retired Navy veteran I am stoked to see that you Mr deployment savings were supercharged by this project!

I’ll need to refresh my skills and knowledge (project manager).Has anyone here ever able to assume the loan on the original terms under the Garn St-Germain Act of 1982 in a divorce case?

This is the structure we were looking at which is more of a subsidiary structure and this applies to raw land development: 📌 Structuring Plan1️⃣ Set up a QOF to raise capital from investors.2️⃣ Create a QOZB to handle hotel & parking development (each separate land parcels).3️⃣ QOF owns the land & funds QOZB for development.4️⃣ Raise capital through QOF equity, bank loans, or JV partners.5️⃣ Develop the projects & operate for 10+ years for tax-free gains.

So we shall elucidate five myths and truths about investing in them.Myth 1: Distressed Properties Are Always Money PitsMost people think that distressed properties require major renovations, which wipe out profit returns.