By carefully planning and leveraging your resources, you can maximize the potential of your inherited property and strategically use a HELOC to grow your real estate portfolio.

We are planning on house hacking this property and investing in a new property in the near future.

You may have an idea for a bedroom and have spent time speaking with the designer about it and then the designer carries out that plan.

You need an accountant and tax consultant and a real estate expert to sit down and put the houses in order of their value vs. their cash flow if you and your mom do not plan to go back to regular jobs.

Jacob - I am planning on a stick built smaller in size, roughly 800-1,000sqft.

That is the real cliff notes version of the process. 

Like any market, it can also go poorly if you get the wrong asset and have a poor plan.  

@Jingru Sui talk to a local real estate lawyer as they will help with the process.  

While the bank may have facilitated the transfer without issue, updating the title is still important for legal and liability reasons, particularly for tax and asset protection purposes associated with LLC ownership.The title company has indicated they can handle the title change process, which typically involves filing paperwork with the appropriate local government office, such as the county recorder or registrar of deeds.

We're also in the permitting process for an additional six units.Given the project's unconventional approach, a debt equity partner might be the ideal solution if traditional financing isn’t feasible from what i am being told .