@Eric L Conry you are essentially borrowing on your property to buy stocks.

If you’re in the Detroit area and looking to buy, sell, or simply connect, I’d love to chat!

If you do sell I would do a 1031 exchange We do need the cash to buy another property. 

Be first position until he gets the construction loan, at that time he then will have the construction loan buy out his PML out an pay any accrual interest and origination fees.

In North Jersey, buying is difficult from my beginner perspective with high prices, property tax, etc.Barrier to entry feels high in my area.

from those I know the way they got going was to buy a 4 plex when it went up in value sell and buy an 8 when it went up sell buy a 16  then a 40 then 100 extra and you need no partners.. you grow it organically. however of course this is not pay 40k and your instantly an apartment owner..

Most mortgages say the lender has the right to buy homeowner's insurance for you if you don't prove you have it.

Investment Info:Single-family residence buy & hold investment.

i would not buy a random property in Alabama that you find on Zillow and turn it over to people you've never met just because the price point is appealing.here are some threads on how that can go:https://www.biggerpockets.com/forums/48/topics/1160450-run-i...https://www.biggerpockets.com/forums/12/topics/1215726-break...https://www.biggerpockets.com/forums/48/topics/1137397-balti...i own property in 3 states - happy to answer any questions you have.

Investment Info:Townhouse buy & hold investment.