I would not build anything that was not going to be have some built in equity, which might be hard with your numbers.

The loans included the cost of the repairs which I did and now have about 40k in equity in the home just after 2 years.

Assuming there is always upside, even in equity is not safe.

Your thought of the seller financing your down payment won't fly with a bank or lender, there is no skin in the game.Look into a bridge loan using your 4plex as collateral for the down and repairs, or a blanket loan using both properties to fund your deal as you have about 60K in equity available at an 80% LTV

So for $3.5M + $1M, I'm all in for $4.5M.And I'll have almost double in equity, approx $4.4M.

I have about 90k in equity in my residence.

We have about 65k in equity in the place.I'm trying to figure out how to make the decision.Any input?

We purchased an investor flip with an FHA loan and paid slightly over market value at the time because all the other homes in our price range would not qualify for an FHA loan and cash buyers were snatching up all the inventory.Fast forward to today: we have about $100K in equity in the home.

I also agree to not DO it all by myself, must start searching for a good handyman.Anissa Coury, the house was appraised for $135K in 2009, so I'm more than half way in equity.

They have about $50,000 in equity on the house and after the sale, should have around $40,000 in proceeds.