My client's plan was to live in the property for a year and then refinance, however I explained that you'll only be able to refinance to another loan type if you have enough equity (20-25%).

Purchase price: $475,000 Cash invested: $35,000 Triplex in LaSalle Park What made you interested in investing in this type of deal?

I'm the type of person who needs to be hands-on to learn and understand. 

Pitch seems to be free 2 hour class, $300-$1000 weekend class, $25,000-$30,000 if you are serious and run to the back of the room right now for a limited spot in the Super Duper Mentoring program...and another $50-$100/month for some type of software.What state are you in or do you plan to invest?   

Nobody I can ask to lend that type of money.  

What are the types of loans available and what is going to get the best returns.If you are asking this question looking for expert advice – before delving too deep – the number one thing to clarify is the number of units of the multifamily property you are looking to invest in.

That is the brokerage that I hang my license with and we only focus on investment type properties.http://stepstonetexas.com/ Dan & Angie both have taken a different approach to real estate brokerage.

This type of loan does not look at your income to qualify you.

Building Codes and Permits: Insights on navigating local building codes and securing permits for this type of conversion would be incredibly helpful.Potential Pitfalls: Are there any common issues or unforeseen challenges I should be aware of when undertaking a project like this?

What made you interested in investing in this type of deal?