Anderson Business Advisors claim that this is a solid plan, but I've had a WY attorney also say the statutory trust will not transfer well to our CA properties.

NY is working towards capping permit fees at $1,000 to relieve the financial burden and encourage property owners to convert basement apartments legally.Two years ago, the city launched a pilot program to award 15 winners grant funding to support legal ADU conversions.

Do you meet with us routinely to be proactive and do planning?

I wanted to connect with people to discuss lessons learned and how I can go about navigating the permit process with zoning/planning and the building department. 

We have an event planned for 6 May, at 5:30pm at Brewmasters in Goldsboro.

are you planning on keeping the private money loan for the long haul or are you going to refinance once rehabbed/rented?

This criteria is for 1-4 and 5-8 unit programs.

@Kristi TietzI'd be very careful using this tactic to get started, especially if you plan to use borrowed money to lend out such as HELOC or credit cards.

It's your job as the investor to project the other expenses, based on how you plan to operate the property.

30 year fixed, low interest rate DSCR BLANKET loans (put multiple 1-4 unit properties under one loan for cash out or for purchase).Ground Up Construction loans for aspiring developers with NO Experience100% Financing on Fix and Flips (just pay closing costs and prepaid taxes/insurance)Fix and Flip financing that requires no appraisalHELOCS on investment propertiesBuilder's Forwards (for medium to larger developers who want to hedge interest rates on their properties they plan to sell so they can offer "low builders rates").DSCR loans for long term AND short term rentals (I think this is becoming more and more common, but some people have still never heard of this).And so much more!