Recently I found a property that I thought was extremely intriguing, which led to me running numbers and trying to make a determination if this property was the right fit for me or not.

BRRRR is the most efficient way to start/grow a small portfolio, but impatience expressed financially is debt, so you can't be shy about racking up mortgages.Once you get going with BRRRR you will get to a point fairly rapidly where your personal income streams that exist now could not cover your debt service payments for your investment properties and how far past that point you are willing to go will determine your growth potential.

Questions like this are exactly why you should have an experienced agent representing you and watching out for your interests.A title search performed by a title company or real estate law firm determines the vested owner, the liens or other judgements on the property, the loans on the property and the property taxes due.

The flood certificate determines that.

Compared to US persons, there are additional filing requirements on foreign-owned LLC since 2016, and the death tax starts above 60k instead of above 11m.I am definitely not a CPA, but I guess you need to know what the questions are to determine if a CPA is right for you.

HELOC is for short term money, cash out refi for long term.HELOCs have lower closing costs, higher variable interest rate, and interest only accrues when you actually draw funds.Cash out refinances will typically have higher closing costs, a lower fixed rate will be available, and interest starts accruing right away (even if it takes you 10 months to find your next property).A common pattern if you may find a deal in a month, or 10 months, not really sure, is to1) Get any refinancing out of the way, you have an FHA loan so you should certainly drop that off.2) Get the HELOC, leave the balance at $0 so you aren't paying interest.3) Buy the rental.4) Come back to the property with the HELOC and see if it makes sense to cash out refi and consolidate the 1st and 2nd into 1 30YF.If you're determined to score that deal within the next 90ish days, skipping right to a cash out refinance is probably best.

Recently I found a property that I thought was extremely intriguing, which led to me running numbers and trying to make a determination if this property was the right fit for me or not.

-the seller should collateralize the note with the property (although the construction lender will want the note subordinated), pay off the loan (in addition to regular payments) with release fees as each lot is sold, and make sure the interest is paid (not accrued) regularly.Your issue is classics dealer vs investor issue.Note: Classification of gain as capital or ordinary is determined property-by-property, based on the statutory determination of whether the property is a capital asset or property held for sale to customers in the ordinary course of business.

Next you will need to determine how much work needs to be completed on the property and develop a cost estimate to conduct those repairs.

What are the best/most accurate tools to determine fair market value for a property?