For those that it does not deter, running things this way greatly enhances your odds of winning those lawsuits.

Doing more than one loan can give you the flavor of a hard money lender rather than a loan to a friend.

But if your intent is to enhance the rentability of a property you have held and rented for 2+ years you're probably fine.Your basis at the end will end up being around 900K (current plus improvements).  

If you want to try renting it out for a while to capture some more equity build then keep an eye on the calendar so you can still consummate your sale so that you have lived in the house for 2 out of the previous 5 years (in other words don't own it more than 3 years after you move out).Many investors work hard to go the other direction and convert investment real estate into their primary residences for the incredible tax break.Couple this strategy with 1031 exchanges on your investment real estate and you will enjoy some nicely enhanced returns.

. :)This morning's rant brought to you by Gevalia Kaffe, 100% Arabica coffee, a rich, never bitter coffee experience, And by, Pall Mall vapor flavoring, a smooth smoking experience without the concerns of smoking.       

Paul Munley welcome to BP, let me know if I can enhance your team at all.

Bigger Pockets has resources, which can enhance your business such as: ebooks, forums, blogs, webinars, podcasts, an awards system, keywords alerts, learn section, informative people in many fields of real estate, colleagues, and more.

It is a great place to share and enhance your REI knowledge.

I hope to develop my knowledge in real estate through this community to enhance my financial portfolio in real estate.

I am looking to connect with others in the industry as well as help others network and build valuable relationships that will help enhance their real estate business regardless of the area you are in.