In my case, the cash-out isn't necessary for this deal, it would be useful as I target the second purchase.

If you are not a tax professional, you will most certainly muck something up along the way, with tremendous tax consequences.I don't say this because I am in the business of implementing and supporting such plans, but because it is the plain truth.

If you haven't yet- be sure to setup some "Keyword Alerts" to get into conversation in your target area.Also - here's a couple articles you might enjoy:The 21 Best Real Estate Investing Books Ever How to Rent Your House: The Definitive Step by Step GuideSeeya around!

From there you'll understand that any creative financing method leads to meeting conventional terms, you can't target something you don't see or understand.Having construction experience is great!

Gig Harbor is a lovely place.Have you decided where your target market is?

When completed, it will be a new property and the net cap will be at my target goal or higher.

If you haven't yet- be sure to setup some "Keyword Alerts" to get into conversation in your target area.Seeya around!

If you haven't yet- be sure to setup some "Keyword Alerts" to get into conversation in your target area.Seeya around!

But better neighborhoods like these have already been targeted so a cheap foreclosure might be harder to find, but it could be doable.If you're looking for more risky (as in looking over your shoulder at all times NHs), anywhere south of 8 Mile would realistically work if you're looking to stay within Detroit proper.

If you haven't yet- be sure to setup some "Keyword Alerts" to get into conversation in your target area.Seeya around!