Purchase price: $100,000 Cash invested: $20,000 Duplex, 2 X 3 Bedroom 1 Bath Unit. 1 Renovated and Rented the other with existing tenant and not renovated.

They clean out the properties and sometimes do light renovation prior to putting the house on the market.

Can we renovate it and then take out a mortgage to pull the money back out?

Can we renovate it and then take out a mortgage to pull the money back out?

Two years later, I had to buy a whole new floor because I installed it wrong.The lesson: Do yourself a favor and budget for hiring professionals to do your renovation work

A larger and nicer personal residence costs you more money, so it works against building wealth.There are people who live in the back of a van in a parking lot.

Hi Amul,You will want to buy a property that is under market value and do some renovation to increase the value, so when you refinance, you will be able to get your initial capital back.

If you are dealing in retail or larger commercial projects, a NY attorney should be able to help you as long as they have what we call a "local counsel" consultant or a member of their firm with some knowledge in that State, which most commercial lawyers do.

One thing I do note in it that out of the area people might not be familiar with is that Montgomery County is the largest jurisdiction in the area by far at about 50% larger than DC itself. 

The nearby 20-room hotel, Hotel Playa Cambutal, is continually booked for weeks at a time.Included with he purchase of Teyuna Highlands are three beachfront lots situated at Punta Horcones, which lies less than a mile down the road from the larger property.