I have been told by local inspectors that the city would prefer the back house be torn down, and that I would be unlikely to get any building permits approved (in essense, I would be prolonging the life of a building they would like to see go away).It is unlikely that you would be able to split the property, unless it satisfies current street frontage, setbacks and minimum lot size requirements, and asking for an exception would be a very long shot.You can't look at this property's ARV as if it were two sparate properties.

The max price I worked out I could pay for this property is 160,000, so I worked out an offer and sent it to the seller this morning, it is as follows155,000 sale price14,000 down141,000 seller finance @ 5.75% is about 820 payment.at this price the numbers would satisfy the 50% rule as well as 100 a door.

First the banks are trying to satisfy new and revised regulations being handed down on an almost daily basis by government bureaucrats.

Provide them with a warning and if they don't satisfy it, then the appropriate number of days notice - either 60 days or 90 days (I think)3.

It's so satisfying to get your first deal done and done well.

To fully satisfy this requirement (unwritten but supported by CPAs and IRS) is you live in the property (one unit) for a minimum of one year and you will have satisfied the Occupancy Clause.

Option 1 is getting a FHA loan and possibly a FHA 203k to rehab it since it will most likely be somewhat distressed, but still still satisfy FHA requirements.

When you need to consider all the great things you can do with this property you have to do the math in the image below and when you see the potential for a $1,336,800 profit, or more, that is when you know how much money you are willing to spend to earn that money.So, if you paid $150,000 for the property and you now know you can earn $1,336,800, or more, then you now have a very defined goal to reach and you should be more-willing and satisfied in regards to how much money you have to spend.I always say, I never look at the Cap Rate a property has when I purchase the property.

A cash flow today is more valuable than an identical cash flow in the future because a present flow can be invested immediately and begin earning returns, while a future flow cannot.I was one of my very satisfied client said, "The main reason we did the cost segregation study was to get immediate cash flow right away.

It’s a SFD zoned R-2 that I’m adding an attached dwelling to make it a legal duplex and building a 4 car garage to satisfy covered off street parking for the legal duplex.