Finding a property where you could add a room to a unit and if the rents continue to go up $50 or $100 a year.

As Hiatt and his team continue to push the boundaries of what's possible, one thing remains abundantly clear: the future of real estate has never been more radiant.

@Manny Martinez FHA monthly mortgage insurance is typically 0.85% of the loan amount, so you are effectively already paying the rate you were quoted, $200 per month on an $80,000 loan amount would be about the equivalent of a 3% interest only loan, now factor in the difficulty in finding a 2nd mortgage in todays rate environment that low and assuming the refi rate you are talking about is a fixed rate, your $200 extra per month is paying down the balance of the $80k further reducing the effective rate you are paying on the $80k, all while paying about the same effective rate on your existing balance when you combine your rate and MMI... seems like it is a good move to me or at least better than finding a 2nd mortgage.

I would talk to Jeff he is an expert in southern CA lending.In the day and the day was long ago for me.. but we did all our loans as fractional in the SF Bay ARea were I had my company. 

I would love to talk to you about the market here and see where I can help!

The taxable gain will be paid at the end of the 30 year deferral period, while the 1031 Exchange allows you to continually defer the tax and then the investor generally receives a full step-up in cost basis upon their death so that the taxable gain completely disappears.  

The wealthy person would always lose, because the broke partner couldn't pay their share, and the lender will focus their energy on collecting from the person they can most likely collect from.I've talked to many people over the years with stories of great partnerships at the start, that ultimately failed and one or more partners disappeared after things went south. 

Talk to the city on this and they can steer you the right way and give you some guidance.

Feel free to reach out further if you want to talk more about the Pittsburgh market.

It's definitely not something that agents, brokers, or reg reps that I've talked to in both states know off the top of their head.