Hi guys hope you all well and growing your business.I usually buy single faimily homes from the auction at low price since they need tons of rehabs (the ones I pick), Im trying to implememt the BRRRR strategy, contacted couple of banks the problem is since Im trying to refi in less than a year they would give up to 70% of the purchase price and no apprisal at this stage (onw bank offered 3 months delayed purchase I think thats whats called but not sure).The problem Im having is they depend on the purchase price which is low as compared to the ARV and wont send appraisal till 1 year and I neither have lots of cash to keep in one or two deals and wait for one year nor do hard money.Trying to refi as soon as Im done with the rehab if possible which most of the time takes me 1 month max on average size house.Any recommendations would be appriciated.Wish you all the best of luck. 

If today house price is only 70% of year 2005 price, conservatively, to hit back year 2005 price, we have at least 30% / today 70% more room to grow. 30% / 70% is about 42% more room to grow.

Basically, I still don’t know what I want to be when I grow up so I’m hoping real estate investing will buy me some time.I’ve been feverishly pouring over the forums as well as other sites that I have found through BP, like Mr money mustache.

Welcome to Bigger Pockets @Kevin Elguer This is absolutely the best place to get started and grow in real estate.

In the beginning, you start with one, learn it well and keep moving as your client base grows.

Funny how growing up in a place all your life, can prevent you from noticing all the change going on. 

The Munising area has been really busy and growing with all the traffic from Pictured Rocks Nat.

With a growing family we would like to expand to a single family home while keeping the townhouse as a rental property.

Assuming he is 50, will have the same 25% tax rate after retirement, and wants to start taking distributions at 60 lets say. 150,000 equity x 25% = 37,500 taxes due now to convert this property to Roth and have tax free 7000 dollars growing from now until retirement and potentially 7000 dollars tax free income after age 60.

If this is possible, then the mobile home market stands to grow significantly.Argument in favor:1.