Hi to the BP community, first time posting with introduction of myself! 

He purchases a duplex primary home this year and in 1-1.5 years he purchases a nicer larger 2-4 unit, maybe in a more desirable area – that would make sense and generally get approved with primary home financing assuming of course he was going to occupy a unit.The whole strategy he plans to employ requires a “move-up” each new purchase and he already has a SFH which causes a big hurdle in the “move-up” strategy so once again selling that would behoove him.The plan he didn’t mention which is really the only plan that will work in the short term is:Sell current primary homePurchase owner occupied 2-4 unit with 5% downPurchase additional; 2-4 units with 25% down with the remaining proceeds from sale of primaryI am happy to make an introduction to Richard if you would like to discuss further.

The comprehensive renovation result is a state-of-the-art facility that not only meets but exceeds the needs and expectations of our client.

I am in underwriting now with a small local bank who does have the local knowledge you mentioned, fingers crossed.I do have a fairly comprehensive business plan but did not get into the level of detail for the construction that you mentioned.  

Conducting comprehensive market research in target markets with strong business demand, positive economic signals, job growth, and wealth growth are possible.

You'll need a realtor/broker who specializes in investment properties in order to not only acquire the right property in the right market but to gain introductions to vetted contractors and resources. 

If I had thought more comprehensively about the first which was a SFH I would have just financed it from the get go.

This is a wonderful introduction to the community, we need more pros like you, and these tips are a great reminder. 

Here's a comprehensive guide on how to conduct due diligence:Property Inspection: Arrange a thorough inspection of the property by a qualified inspector.

Hello BP members my name is Rotchild Adelson. 23 years old looking to get into my first house hacked duplex within the next 6-12 months in potentially Orange County NY, Region. I currently work with a contracting comp...