Hi everyone,I'm considering putting an offer on two properties located in Union City, NJ, and West New York, NJ, for rental multifamily investments.

Enjoy one of the best locations. 5 min drive to Atrium Health Wake Forest Baptist Hospital (or a 15 min walk), 10 min drive to downtown Winston Salem, 15 min drive to Wake Forest University.

@Mayra MangualI invested years ago in two developments in Playa del Carmen.

I am currently in the process of two single-family builds in Florida and would love to answer any questions or just talk shop whenever.Keep an eye on the trending articles because we pretty much all have the same questions and this community is great about giving well-thought-out and relevant responses. 

It has two separate dwellings on one lot.

Can someone provide me with some financing ideas other than the two that I just mentioned that would enable the other heir to receive cash from their portion of the equity based on its current assessed value and allow me to take ownership of the home, subsequently remodel it, and rent it?

Good to hear that the slow season for you is just two months.

I have personally done 4 flips, one was a hold/rental that I eventually flipped and old, one was a house hack, and two I did out of market with HML(my first two were out of pocket) 1 I sold and 1 I held. 

My team has been dominant in this area for years, but with the strong appreciation the last two years the numbers just don't work anymore (normally).

This puts us somewhere between 18-27mo pending sale.Land Acquisition: 1M + 50K in closing costsHard Costs:Demo: 50KConstruction + Architectural Plans (survey, topography, permitting included) = 1.6M + 80KPool: 100KSoft Costs:Appliance package: 50KFurnishings: 75KLandscaping: 20KAnnual Carrying Costs (utilities/property tax/maintenance): 45KTOTAL: 3,025,000.00 After speaking with two lenders, it seems the best course of action would be to put 20% down on land for 12mo/interest only.