. :)Note: as a licensed agent - ensure that you're disclosing everything properly to be compliant.

Typically those that tell you how bad a HELOC or HM is don't know how to use either properly.

Either one can be fine to work with if the deal is structured properly, however, you have a better economical exchange using the professional.

Best to set expectations properly up front when building a relationship with an agent, and not burn any bridges in this business.  

Hi Everyone,Newbie question...If I buy a property that has a bonus room addition that was never properly permitted, is it better to just to leave it be or would it be possible to get the space permitted now since I am a new buyer?  

To be sure you properly file and receive these credits, make sure you are working with a CPA that understands multi-state taxation.

The really funny part is that I pick up rentals in the city proper that would sell for 10x as much in my neighborhood, which is less than 5 miles away.

What are the proper questions to ask and how do i get them to  put there home under contract with me.

@Shawn Thom - if this is truly a sub-panel that has been properly wired, then it would feed from a breaker in the main panel.

I still feel I need to learn more about the terminology and how to properly estimate rehab cost to be an effective wholesaler.