@Dominick Galinis there is no rationalizing building when you can buy existing inventory...if you're not an architect or have a tight connection with a custom home builder this will take twice as long as you think with cost overruns you never predicted...how are you predicting you'll be in an instant equity position?

Will pulling any permits on the existing building call for substantial (expensive) modernization upgrades to Handicapped Access, electrical, plumbing, new laws regarding signage, (FIRE SYSTEMS), etc...(???)

Highly recommend you find yourself a duplex in a smaller midwest market where cheaper, cash-flowing small multifamilies still exist.

I've just set up to do a cashout refi with a VERY well known hard money lending company, and suddenly they're pulling a bait and switch on the terms, etc.   I'm doing 7 properties which means I've fronted the bill for...

Our affordable (livable) housing is almost non-existent now.

That said my knowledge is fragmented and my tangible experiences close to non existent.

That being said, it wouldn't hurt to build your network so that the opportunity exists and can be taken if needed. 

Funding a new project with 75% LTV from an existing property is normal.

It's dangerous work and fraught with potential damage to existing property while the tree is taken down.

Hi Everyone,I just bought a new home and looking for advice on the best option for my existing home would be.