Hello everyone I’m back again with more questions and a little bit of an updated plan as I’ve been doing some research just want some feedback and possibly some motivation stories appreciate it ahead of time.I’m 21 working like a mad man at my day job picking up as much overtime as possible and listening to podcasts all day while I’m there learning on the clock as well off the clock I make decent money (not enough to raise a family on) so my plan is to use the BRRR method & house hack a duplex - quad and buy and hold long term and eventually go commercial with big apartments so I can have all units in the same place i don’t have a team at the moment nor have I contacted anyone as I don’t have a need for them yet I’m still in my accumulation phase (knowledge and capitol) My questions areIs there an equivalent to a 203k loan that’s conventional I don’t want to have to deal with mortgage insurance forever?

I've never done more than rentals, rehabs and flips, never broke ground on anything like this! 

My question is, upon getting the property re-appraised after strategic renovations to increase the value of the home (Kitchen, Bathrooms, Flooring, etc) would I need to refinance to get the PMI removed or would it simply phase out as I should now have more than 20% equity in the property if everything goes according to plan.

If you buy a property that is currently in service or has been in the last 10 years you have to improve it with an amount equal to the value of the structure so unless it’s a major rehab or ground up the property you can read about that here https://www.google.com/amp/s/w...

One of the two is a HUD home that is in the initial offering phase.

So that’s where I’m asking you guys kind of what sort of rules you hold yourself to during your acquisition phase.

I have a vision of developing my own community; I’m at the very ground level, but if I can add value to not his portfolio but my beginning one, I’ll be on the right path !!

I am in the planning phase of my first flip.

To be my boots on the ground.

., with 60 units currently in design phase and a $6 million investment;_________________________________________________________________________________________________• Merchants Plaza, 106 St.