That's a good idea!

Good afternoon BP Community.  

Good luck!

Good afternoon Josue! 

DSCR Cash out refi would be a good option.

. $790k turning into a multimillion property seems like it's too good to be true.

Hello Laura,I have actively purchased land that I identified for the last 10+ years.The easiest way to find out if the land is for sale is to talk to the owner directly.You can use tools such as Whitepages.com surprisingly they have over 90% of people's cell numbers.If you can't get the owner on the phone, I would send them a letter asking them if they want to sell, I have seen other people use actual contract offers that they send out to the owner trying to purchase the property.I would not share my concept unless its some sort of Charity that you are either seeking a partner or donation for.I haven't used PropStream, However one really good tool is called Land Glide, its and app on your phone, and you can look at the parcel makes in real time, and also see the owner info and for each parcel.Hope this helps,Dustin 

If you have enough market data to support your income projections you should be good to go.Lenders don't like Airbnb's much though so maybe you can pitch it to them as a rental?

The problem I see is the masses have not understood the advantage of purchasing a duplex.As far a Lennar is considered an entry level builder, I don't see that their neighborhoods in general have very good price appreciation, unless they are in a unique area where the location is exceptional.I think that prices are falling, and that you should be able to find a deal, the I-35 Corridor from  San Antonio to Austin is a very hot area.Here is an example of a property that was listed for $342,000, and the list price is down to $300,000, with a price drop of $20,000 on 7/29. 1261 Stone Rim Loop, Buda, Texas 78610, If you need any comps or info, just let me know, I'm a licensed Broker in Texas, and I have MLS access across the state.Also, I'm not sure if you know, but you can split your 1031 exchange and purchase multiple properties instead of just 1 property. 

Our Irving Park and Albany Park locations are seeing very good growth this year on the rent, and we are definitely getting high quality applications as well.