Now when YOU decided to pay $800, 000 for the condo next door you KNEW that you would be paying taxes on your new base and that Prop 13 would restrict your assessed value to increases capped at 2 o/o per year.

And I suggest you review dog restrictions from several other insurers to be sure that you aren't screwed if you need to change your insurer.I would just say no due to insurance reasons.

The limit on Roth contribution in Solo 401k is up to $23,000 (compared to $6,500 in Roth IRA) and there is no income restriction on contributions unlike with Roth IRA.

Although I do think of the future I control what I can control, and if the margins you mentioned were to happen honestly I would deal with it at that point, but with tightening margins I suppose HM and PM lender int rates have and would have to continue to go down as well.

You will be restricted to a conventional mortgage with a high down payment, not to mention a higher interest rate.Properties with more than four units are considered commercial properties and do not qualify for conventional or government-backed financing such as FHA or VA loans.How to Finance a 2-4 Unit PropertyYour next step is to identify the proper financing for your property.

If this is your first time I recommend hiring someone with GC experience in your type of project to spec out the project and do a rough estimate that you can tighten up with bids from subcontractors and suppliers.

As I said, the high bids have been great deals but they never get selected as "winning bid" due to reserve restrictions and it kind of discourages you.  

Lenders in my area are tightening up with FHA loans, at the moment, it is tough to get past under writing unless you own no property or are putting 20% down.  

Hi Haider, As for wholesaling deals on the MLS... really not something that I would make an attempt to do with the deed restrictions and also with the fact that properties bought on the MLS in this area most likely will not have as much room even with a cash buyer.

Some of the deed restrictions are actually on the plat!