You will likely need to pull out and cap the bathroom plumbing if the bathroom was not approved and remove the stove since the city is already on notice of it.

Hey there, I’ve came across this post, and it’s got me thinking about a good friend of mine who recently pulled off a tricky 1031 exchange in Oregon.

I.e. contractor pulled all the drywall out, here are the before and after photos, we replaced the studs here are photos, and then show a before and after mold test that was completed on the house.

I have decided to look into a heloc, I'm a bit newer into realest state investing, I have completed a couple of fix%flips this year, I currently use hard money for the purchase with 10% down and I cover 100% of the rehab, with that said even just doing a couple of homes at a time, I find myself around 200k out of pocket, I think it would be a bit easier on myself and wife if we utilized a heloc vs just cash, my primary should appraise around 1.1m and my mortgage is 640k, I'm looking at pulling about 250k for a heloc, I don't want to refi the home and cash out as I only want to pay interest on funds as I use them ( I know I won't always be using the heloc cash) Any advice or even knowledge for people in a similar situation, and anyone have a referral for a Heloc?

Even a DSCR loan requires a 1.25x DSCR ratio to pull your money out.

Curious for anyone that currently owns in Ft. Myers with a long term buy and hold strategy, are you considering getting out of this market? If not, who are you finding for good flood insurance and home insurance on yo...

Currently I have about $1M sunk into a previous business venture, so I expected I would have to pull some equity out but wanted to explore all options first. 

I have been doing this since the mid 80s  over 3500.00 transactions and If I can do it you can do it :) "If I can do it you can do it :)"Haha, this is exactly my problem in life... if other people can pull off out-of-state investing in class C neighborhoods, maybe I can too? 

I saved some money and decided to pull the plug in April 2024.

Pull comps, if you rent it for 1500.00 you are cashflowing 120.00 a month with all the info you gave me and including fees except if you take any fees on (water/trash etc.