I was curious the best strategy to get the remainder of the funds for the build, my lot is owned outright and worth about 325k.

I am currently paying $1700 in rent and I despise paying rent, especially being in a financial position where I can afford to build equity in some manner or get a cashflowing asset to offset it. 

It all starts with building your team.

@Tchaka Owen Can I know which hard money lender do you suggest if I would like to build my flip team in Indy?

Click here to know what is going on and what is going to be required.The list of inspections is pretty exhaustive and covers a lot of things within the building and sanitary codes.The city believes that it has a problem with many older buildings being in disrepair and not maintained by the owners.The owners/landlords have issues with the city because they believe the city is overstepping its authority and does not have the right to inspect the buildings.In the middle, we have the tenants who should have clean and safe apartments to live in.

In 5 years: $100 x (1 + 4%)^5 ≈ $122 or a 22% increase.In 10 years: $100 x (1 + 4%)^10 ≈ $148 or a 48% increase.Unless your rents increase faster than inflation, you will not have the dollars to pay inflated prices and sooner or later you will have to go back to work.The key factor for rent growth is significant and sustained population growth.Sufficient to Replace Your Current IncomeYou will likely need multiple properties to replace your current income.

This is the perfect place to start learning and building connections for your real estate journey.

Get a few of those and read them - that way you can start to get familiar with what kinds of things can happen in a house, and how big of a deal it is to fix each one of them.If there are any new houses being built in your area (like, within bike or bus/train range), and the neighborhood is relatively OK, go over to that neighborhood, after the workers have left for the day, and see what building a house looks like. 

There are a few things to consider for your specific situation...The type of financing you use for your real estate purchase depends on a number of different factors.

They’ll owe the depreciation recapture as well but that would only be about 1% of the building’s value per year owned.