Property taxes will likely be reassessed based on the transfer value, so confirm local rules to anticipate potential increases.If you hold the property for at least one year, you can use the equity as collateral for a construction loan, aligning with your long-term financing plans.

You should see if there are any local real estate meetups going on while you're in town.

Tyler local, so sparked my interest whenever I see anyone post about the area.Given that your duplex is fully paid off and generating a steady cash flow of $1400 per month, it's understandable that you're having second thoughts about selling it.

Only text if they’ve opted in.Don’t Overdo It: Keep it respectful don’t flood them with texts.Follow the Law: Make sure you're following the TCPA and any local rules to avoid fines.Basically, get their okay first and always make it easy for them to stop hearing from you!

It's usually best to talk with your neighbors about your plans and get their support as one of the variance tests is that the requested relief does not cause a public health issue or alter the essential character of the neighborhood.Try googling "tests for a variance in [your state]" and talk with your local zoning department.

That being said, your typical cost of capital is as follows:EquityAgency debtBalance Sheet local lenderDebt FundPrivate DebtPref EquityHard Money DebtBookie/Loan SharkOther things that will impact capital sources: are you wanting to finance the improvements, or will you pay for those from equity/cash flow?  

✅ Do research your local market before setting prices.What questions do you have about getting started?

Hello BPers I was going to attend my first local investor event/meet up and was wondering what people normally wear to these things.

1st, I’ve had the Trust package quoted by a local attorney for $1700 in the past.

Hey BP, I'm a local broker and investor.