After the home is rehabbed, rented, and producing month-after-month cash flow, the initial lender refinances the home into a fixed-rate, long-term mortgage using his or her great credit, but both remain on the legal title for the property.

@Collin H.I’ve had integration with it for the last 6 months and I’ve gotten nothing from it.

(I have a general contractors license in CA) I would say about 4 of them have 100k+ of untapped equity since we never did any cashout refi.Question:Our cash savings currently is about 250k free and clear, My question here is should I give up the IT business, focus on buying 1 house cash, spend my time on rehabbing the house, (guessing 2-4 months is what that would take), do the other RRR parts and build more wealth this way.

I am single and can save around $4000 each month. 

Hence they already tell to reduce the rate possibly in September.This forum has been active for 8 months.

An acquaintance of mine who does property management recently told me that there's some hack for paying off your mortgage sooner by paying the monthly fee in 3 chunks within each month.

But I have been looking into splitting the duplex into two condos (yes I know it is a lot of work) and I could probably get 325-350k for each, netting me 650-700k.Number:* Mortgage interest 2.5%* Mortgage principle 240k* PITI $2100/month* Rent 2200/month (current tenant on a two year lease)* Potential rent on my side $2400/month * 100k HELOC at 11% (fixed) (not currently being used)* est additional cost to split the dueplex 75-100k (conservative, probably less)     *new siding 30k (just put on a new roof this year)     *legal 10-15k     *fire proofing 15k     * 15-40k for stuff I am not aware of or underestimated on* some of the appreciation is external from the home     *big grocery store put in 3min away     * newly paved road in front of my house     *a building that was falling down across the street has been torn down          * Still a vacant lot with the foundation exposed and fencing around it (so more local improvements are on the way)Part of me wants to take the money and run but man I love that 2.5% interest rate and the $2000/month cash flow (including taxes and capx)I have thought about 1031 exchanging into more rentals, but I would like to pivot into storage units.

If you do that for six months and never miss, you will find mentors, partners, and friends that will be harder to find as a new person in the forums here.

Hi Jasmine,Mynd is a traditional full-service brokerage.

The first link makes it appear as tho I'd only need to pay gains on depreciation paid while renting (however, that example has Alice living in the home for "22 months" prior to sale, which doesn't apply to my case!).