Well said @Bruce LynnI have noticed an uptick on my side of the business regarding the acquisition of land and building.Its an experienced bunch that buy these but from the feed back that I'm getting, experienced flippers are finding some peace in building from the ground up.

I would like to buy my second duplex using DSCR loan which will require about $63k total to close.

I actually grew up pretty close to Hartford and all my family still lives there but I am house hacking north of Boston and will likely stay here permanently.

In my first contact with him (via email most likely) should I bring up wanting to purchase his home ?

At the time it takes to get an eviction in CA, the utilities can add up to a significant amount.  

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Purchase price: $300,000 Cash invested: $200,000 Sale price: $700,000 We purchased a closed 18-room boutique hotel in foreclosure, renovated the inside, and opened the hotel and later the bar and nearly the restaurant before it was sold in about 2 years.

The issue is that the relinquished property in Boston is held in our partnership LLC, and in order to satisfy the 1031 Exchange requirements, we *MUST* close and take title under the same name on both the buy & sell side.

Most first-time investors shop blindly and end up learning the hard way..Also make sure to present the deal clearly to the lender.

Hi Account Closed mentioned.