My engineering degree, while not teaching me jack about real estate, refined some of the key skill sets that I believe will make me successful in my real estate endeavor.

RE finance is all about numbers.Where in FL are you located (general area)?

Some will tell you to never bet on future appreciation.John Corey

Now is not the time to sell/refinance.

Even if I didn't have good credit and even if I hadn't established myself with banks, I know that if I can find a deal, a REAL deal, I can find the financing.Financing is very important to this business, but the key to this business is finding the deal.Out of my first ten deals I had one loan that they actually checked my credit, and it was a refinance.

*Nice landscaping--property does not fall under water ban restrictions so has plenty of green grass.My goal is to refinance or sell in two years.What do you think?

Equitable interest comes into focus in many cases.A trust might not be something that a mortgage company will view as ownership when it comes time to refinance.

At the end of the land trust's term the buyer has the first right of refusal to refinance the property in his own name or the trustee of the land trust is directed to sell the property and pay the beneficiaries their funds based of the percentage of ownership interest in the trust.Nobody can refinance the property, only the trustee because he is the one who holds the title of the property when the land trust is set up.

Originally posted by "mickus1":I plan on staying in the 2 family until I find another primary.If you intend to live in the 2 family for a period of time you can re-finance it as owner occupied.

Then do the work and refinance later.Note that you are talking about a mixed us property or a very small commercial property.