I have enough for 20% down of the $7 Million I would have budgeted for but wouldn't have enough again to cover the acquisition cost and then interest payments on a construction loan.Any help is appreciated Thank you

We're selling off a couple, keeping the easiest to manage, and using that capital to throw gas on our other fire. 

If you are actively involved in running the business, originating loans, and spending significant time managing it, you may be considered materially participating, which subjects you to SE tax.

That’s why most professionals would need to look at everything, not just one part, to give you the best advice and ensure no mistakes are made.Hiring a professional might cost more upfront, but it’s worth it for the peace of mind and to avoid potential tax issues down the road.Best regards,Jason

Renting allowed them to cover costs and build equity, while selling in a hot market helped them capitalize on the home’s increased value.Let me know if you’re interested in financing options for similar deals, happy to assist!

The fact that it’s a major rehab over six figures makes it worth considering a cost segregation study.

Going to try to self manage my first property and looking to lean as much as I can from those more experienced!

Although I've been investing in and improving multifamily properties since 2000, I decided to go back to school and get a Bachelor's Degree in Construction Management from BCIT (I already have my Red Seal in Carpentry).

If I were to refinance he also wouldn't be obligated to help with future closing costs on the home.

This implies residential units can be built at lower costs and provide better return. 11) adding an ADU to SFH can make the SFH fall under rent control.