Focusing on the borrower first, especially their experience and integrity, can really help mitigate issues down the line.

Thank you guys very much for all your help!

Price CutHere’s the thing: spending $50k on repairs might help if it significantly changes the condition and appeal.

It was a great first project, I had some old friends reach out that were losing their house and I helped them get out from under the PML, bought the house and helped them repair their credit, got a contractor I knew that lived around the corner help me do a full gut rehab and put in about 1,500 hrs of my own labor into it.

tie up 5 mil stock portfolio and pull out 2.5 mil at 2%  thats what I saw them doing then we would lend that money out at 15% or better.. nice delta..

There are a TON of online communities as well, and perhaps those groups online have some individuals not too far away from you.Hope this helps!

I am seeking an attorney (or perhaps a title company) to help me understand the laws around the conveyance of a property deed in Texas.

It helps the GC to have an idea of what you want to do, so yes, if you want to spend money on an architect to do a conceptual site plan and a civil engineer for site improvement plans, you could do that.

I appreciate your input—it’s really helping me think through the next steps.I am more than happy to help! 

If your healthcare needs are relatively low, an HSA can act as an additional long-term investment vehicle.Additionally, tax-loss harvesting in your taxable investment account can help reduce your capital gains taxes, allowing you to offset gains with losses to improve after-tax returns.