As much as I don like the saying “your network is your net worth” it’s the truth and always love to have others around me for support and wisdom.As of right now I’m in the process of getting my real estate license so I can become a “part time agent” but don’t want to focus too much on becoming an agent but instead invest in real estate with different strategies such as house hack, BRRRR, wholesale, partnerships, etc. 

Generally, you should be able to cash out refinance up to 75 percent of the ARV as supported by the DSCR.

Income Source: self-employed in construction for the previous 5 yearsGross monthly income (optional): $6000Monthly debt obligations appearing on credit report, plus (if applicable) personal rent and alimony/child support/etc: $770FICO: ExcellentCredit issues: NoneAdditional details:Just looking for some input and constructive criticism on my plan. 

If your neighborhood is supporting higher comp values for 4 bedroom homes at that size, then that’s a clear indication to go for it.

Be supportive and know the right “hat” to wear and when.I wish you all the best and please keep us posted on your progress.

Slabs under garages are often thinner than under the main house.You’ll need an architect to make sure you have adequate foundation to support the weight and configuration of the new unit. 

Be supportive and know the right “hat” to wear and when.I wish you all the best and please keep us posted on your progress.

Does the population growth and local economy support drastically improving the vacancy?

Comps don't necessarily support $225K as a 4 family down the street with more square footage that sold for $194K.

The restrictions exist to support NACA's mission of neighborhood stabilization.