This was not one of the things we discussed though and was hoping to hear from investors who did this in a 1031 and how they managed to pull it off.

The rehab is almost done and I’ll be getting it appraised where I’ll be able to pull out around 500K for under 3K a month. 

Because this is not my full-time job, are there any brokerages without the hefty monthly/commission fees that anyone is aware of? 

Many issues to consider here regarding the mortgage, if PA had a real estate transfer tax issue with this, if there any deals in place that would restrict you from doing this, getting permission from the bank to do this, annoying legal fees it will cost to do this...3) The partners then distribute their TIC interests in this land into the New LLC. 

I Have been trying to get started on real estate for about 3 years now, my wife and I were close to pulling the trigger on a property when a plot of land came up at a discount price.

Either way if there is enough to pull out to use for the down payment you only need 3.5%-5% for a new primary home and only 15% down for an investment SFR or 2-4 units.To take cash out of a primary you only need to have a 620 or better and for an investment usually 640-680 can land a decent rate. 

Hello I could help you with a fix’n flip loan.To apply is easy, you just need to have a minimum credit score of 620 if higher better, you need to have at least 25% to buy, you need to have a company and if you don’t have experience for your first deal you would need to do the renovations with a general contractor.Our terms are 80% LTC or 70% ARV, the rates are 10.75%, no prepayment penalty, 12 months, our origination is 1.5% + underwriting fee of $1500 and legal fee of $1250 plus appraisal and title fees.Please let me know if you need terms for an specific deal, I’m happy to help!

Based on a rough analysis for a project timeline, I believe the total project can be completed in 5-7 months with the team I have available if we get involved in completing the work on the project.Deal Analysis as a whole - Actual Costs may be slightly different but estimates should be fairly closePost Construction Estimated Market Value - Lot 1: $379,000 Lot 2: $307,000 Total Estimated Market Value $686,000+- $102,000 - Cost to payoff HML & Previous Builder- $154,800 - Estimated Cost to complete House #1- $170,370 - Estimated Cost to complete House #2: Includes New Well/Septic $7500, Impact Fees $2100, Permits $1000= $427,170 - Estimated Cost to Payoff HML, Complete Construction on House #1, and Construct House #2+ $686,000 - Total Future Market Value- $20,580 - 3% Buyer Agent commissions as the current owner(Listing Agent) will be listing these properties without compensation- $2,538 - Real Estate Transfer Taxes- $1,500 - Settlement Costs Paid at Closing______________________________________________ $234,212- $27,900 - Payment to Seller for Down Payment made by seller to HML @ Origination (For her to break even)= $206,312 - Potential Return before any Interest/Fees/Taxes/EtcROI: 45.3%RoR: 68.9% PM: 30.07% Acquisition/Exit: 8 MonthsI've spoken to a few HM Lenders and ran rough numbers by them.

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