Imagine being a flipper and not being able to sell for your price, you obviously then probably try to rent and maybe you cash-flow initially but, then HELOC rates climb and you can no longer afford it now not only is your newly bought investment at stake but your old investment to which your HELOC is tied to is at stake too!

Then you can immediately move downstairs and work on the newly vacant one. 

If you have the building insured for less than the full reconstruction cost amount - say the estimated amount to rebuild is $150k and you have it insured for the same $100k - they will probably just cut you a check for the full $100k since you are insured for less that what it will cost to rebuild (the way it was not the newly required elevated construction)In addition to those examples above you could ask for loss of rent reimbursement and if you are forced to have extra cost to rebuild up to code (elevated) then you may have Building Ordinance & Law coverage that could pay something towards that extra expense.

A new LLC is created which is owned by a newly created non-grantor trust.  

On a slightly related note...Is there any general consensus on the benefits of electing to use a 421-a tax abatement for newly constructed long-term-holds?

Hey everybody,I’ve been thinking of launching my wholesale real estate business and had a few questions about getting started.1.

Here converting retail space into residential can be a lot of hard and expensive work.I am about to launch into this with another property we are working on, the red tape can be a real long process. 

That will cover some expenses while you rehab and then give them the first option to move into the newly rehabbed unit (at a higher rate of course.

Perhaps there are tax advantages by having unoccupied newly constructed offices and stores available in the market.

These were newly constructed homes and he was only breaking even the first year, but we were able to raise the rents the second year so he could actually cash flow.