Since I converted my first property to conventional, I now have an FHA available again.

I knew of one person who did 1031 Exchanges multiple times until he moved into a multiplex he bought and decided to live there and convert it into a single family home.

So, it’s not another entity to keep track of (well, unless you don’t want to convert your existing LLC).

When I convert this home into a 3 bedroom 2 bathroom and rent out all the rooms.

Investment Info:2 unit house converted (1 one-bedroom and 1 two-bedroom) buy, hold, then sold investment in Aurora, IL.Purchase price: $22,000Cash invested: $15,000This is a 2 unit with 1,290 sq ft and was built in 1915.What made you interested in investing in this type of deal?

We converted it to a 3 bd 2 bth and relocated a bedroom to create an open floor plan with a distinct separation between public and private areas.

Once we have the rehab completed we would look to find another property that we can do the same thing to, while converting the first property to a single family rental and repeating the process until we have 2-3 rentals under our belt.

Seeing that the CA multiplex is rent controlled, how did you get the tenant out to convert to STR? 

I am an engineer and young investor currently I have 4 doors in Trenton and Ewing NJ area,  My question today is, I have a duplex, that is on the big lot, (10+ car parking lot) and I am working with an architect and...

Similar to hard money except that it converted to a normal mortgage after rehab was complete, no need to refinance out of HML.No points, 5-6 rate%, 20 year amortization.