The property is managed by a professional office and the rent is ach payments direct The rent amount im getting is 3 times what i pay for the mortgage. 

@Matthew PorcaroI can certainly understand your point of view and advocation for 203(k) loans, however...In my opinion, and feel free to correct me again, a 203(k) loan is not ideal when utilizing the BRRRR method for the following reasons...- It's against FHA rules to use a 203K loan for an investment property, unless it's a 2-4 unit multi family and you will live on site.- 203(k) Loans are for Owner-Occupants- You can't use a 203(k) loan, legally, if you're planning to rehab/rent(not live in) the property.- The Cash Out Refi Seasoning Period is 12 Months.

Google has already build an office in Durham which houses their largest collection of engineers (around 400-500).

Feel free to reach out.

Feel free to message me if you'd prefer to be discreet.Thank you as always!

I plan on doing a cash-out refi to get that tax free money back outI'm not doing a 1031 because I'm moving to Georgia after this sale and have a lot of other moving parts to think about.

Feel free to reach out if you have any questions!

Feel free to reach out if any questions arise.

If you have any questions or opportunities you'd like to discuss, please feel free to reach out.Thank you for welcoming me to the forum!

It does not matter in some places if the land is free, the cost to build is too much.Why did the other lot sell for $170k and not yours would be another question I would ask