I'm looking to sell and buy a small LTR apartment complex.  

We sold our house recently. Our parents paid 10K for the plans to build it in 1975.  Do I offer to sell the plans to the new owner or give them?  What should price be if purchased.  There are many rolls of paper plans...

Investment Info:Single-family residence buy & hold investment in Montgomery. 5/17/24 purchase.Charming Little 3/1 - We are remodeling all inside and out including new roofing, this is our first project out of state, it will be a BRRRR, hopefully first of many to come.

Investment Info:Single-family residence buy & hold investment.

I am looking  to buy my first multifamily within the next 3-6 months and am looking to open a HELOC for the down payment.

In our opinion, many OOS investors set themselves up for failure because they don't truly take the time to understand:1) The Class of the NEIGHBORHOOD they are buying in - which is relative to the overall area.2) The Class of the PROPERTY they are buying - which is relative to the overall area.3) The Class of the TENANT POOL the Neighborhood & Property will attract - which is relative to the overall area.4) The Class of the CONTRACTORS that will work on their Property, given the Neighborhood location - which is relative to the overall area.5) The Class of the PROPERTY MANAGEMENT COMPANIES (PMC) that will manage their Property, given the Neighborhood location and the Tenants it will attract - which is relative to the overall area.6) That a Class X NEIGHBORHOOD will have mostly Class X PROPERTIES, which will only attract Class X TENANTS, CONTRACTORS AND PMCs and deliver Class X RESULTS.7) That OOS property Class rankings are often different than the Class ranking of the local market they live.8) Class A is relatively easy to manage, can even be DIY remote managed from another state.

For example, an individual buys a residential property as a 1031 replacement.

You need to calculate your return on equity to see if it’s time to leverage that equity more, you also want to calculate your blended interest rate of the original loan and the the HELOC to see if that’s the best rate or if a cash out refi would be better.If I were you I would look at doing the same move again and buy another primary residence and turn your current house into your second rental.

First step is to have 5 years+ of experience in buying, managing and selling commercial properties.

I would then buy more properties and use that cash flow to pay off the 401k loan in time