They are also the ones that helped the existing owners flip the house this year so have some history with the property.Re: condition of systems - window air units so no HVAC.

I am currently self-employed and have an existing retirement account with my previous employer that I want to rollover to something else to help start my REI fund.

You have to figure out how to get a value add just like you do when you buy an existing multi family. 

Our structure works best for LLC/LP's that have taxable income in the 750k - $5MM range and can generate up to $500,000 of working capital per year and can increase returns by 25% based on $1MM of EBIT.Structure is ideal fora) Existing small businesses with Taxable Income of at least $1MMb) Acquirers who are open to adding a non-voting minority partnerc) Lenders looking to increase Working Capital Flexibility and Get Greater TurnsFeel free to inquire for greater detail and includea) Your current status (from a,b,c above)b) If existing business - what was 2018, 2019 and 2020 taxable incomec) current structure ( LLC,LP)Finally, this is not for start-ups or companies that are not currently profitable, so kindly only send inquiries if your entity has taxable income at or near 7 figures

The total cost to at 6 x 14 feet with adding a bathroom to an existing room in the house was more than $500,000.I've been a general contractor for 48+ years and while some people are saying they can add a bathroom and bedroom to a home for $30k, I will kiss your buns to get you to sub my jobs from my company.

Nationwide rates hit a low of 2.7% - so there has really never been a better time "spread" wise.Moreover, the FED has printed so much money (~25% of all dollars in existence were created during COVID).

If the LLC and the property are in separate states, one issue is if you had to go to court, the court wouldn't recognize your LLC's filing since it doesn't exist in that state.Also, remember that CA charges some huge franchise fee, some $700 or $800 annually, which is applied per LLC you form. 

Hi, Does adding ADU to an existing Fourplex considered 5+ Commercial from loan stand point ?

I’m planning on maintaining the existing setbacks & building footprint so the structure will still be partially over the water thus complicating the raise & new foundation build.

His uncle still lives there (does not pay rent and does not want to move).I may build 2 SFRs and remodel the existing house and use it as ADU.It is almost impossible to find local comps (such a small house).What would be a fair offer from an investor's standpoint for such a deal?