I retired 10 years in and my wife 14 years into the journey. 85 % of my portfolio is 200 year old converted city row homes that are maintenance monsters and we still have enough cash flow to retire from our W-2.

With the HELOC and then converting it to a term loan you will probably be paying higher interest and/or shorter amortization period on conversion which will mean higher monthly payments.

Any investor or developer buy raw land lot (zoning code G) and go through the process with the city to convert to commercial use?

NEVER CONVERT CASH in YOUR IRA or 401K into ROTH!!!

I'm looking to purchase my first property with my fiancé (both 25) with the goal being to establish our primary residence together, as well as giving me the opportunity to add equity/value via rehab before moving on and converting the property into a rental within a year or so to kickstart an investment portfolio.An interesting lead that recently came up is my parent's neighbor's house.

The tenants are currently in court with a title dispute so the house would have to be paid for cash only.I would like to convert it to a primary residence and turn the garden level into a separate two bedroom apartment for use as an in law suite.

I’ve seen several three unit buildings in weehawken recently converted.

You’d also make all future capital gains at least partially taxable instead of tax exempt by converting your primary to a rental.

Converting a traditional IRA to a Roth triggers taxes on the converted amount, so plan accordingly.

Quote from @Jason Wray: Yes, you can use an FHA 203K program or even convert it to Fannie mae and use a renovation loan if the LTC/ARV allows.Cool thanks for the info!