Hi BP team,I recently put a property under contract using a California realtor.

I plan to put two duplexes on the property but with this high appraisal is there a smarter thing to do to pull that money out of it or just use it for better collateral for the construction loan most banks will lend on the transfer price within a seasoning period. we face the same issues for land entitlement and development.

EspritI had a commercial building that I needed to add a third floor means of egress.

While currently unrented, the duplex may serve as temporary housing for tenants from a nearby commercial property I also own, which requires repairs.

I have been doing the property management and leasing myself, while sometimes trying to handle maintenance.   

Tell them you want to start marketing and showing the property immediately.

Near the University of Houston and Texas Southern University, these areas offer rental properties and investment opportunities.Good Luck!

I also think micromarketing is best for newer investors.Some things to addTailoring your lists - like focusing on absentee owners, properties with long-term ownership, or pre-foreclosures—can improve your response rate.Consistency - It’s rare to get responses from a single mailer.

However, I have received an offer on my property from a very good and trustworthy friend that I have agreed to accept.

Has anyone had recent success finding a bank that will offer a Heloc on a single family investment property in Jacksonville, Fl?