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.

It's a matter of managing your calendar. 

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.

My property is in a depressed area walking distance to the largest employer in the area which is a shipyard. 

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?

If you want DM me and I'll connect you.Then find an investor friendly agent with experience closing VA loans who will help you find the right small-multifamily property.