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Updated over 5 years ago on . Most recent reply

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Matthew Jones
  • Contractor
  • Davison, MI
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Hello everyone B.P. newbie good idea bad idea ?on forced apprecia

Matthew Jones
  • Contractor
  • Davison, MI
Posted

Is it a good idea or a bad idea to build an addition on your current personal home in order to force appreciation to raise Capital for a real estate investing business?

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Jonathan Taylor Smith
  • Rental Property Investor
  • Durham / Raleigh (Triangle), NC
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Jonathan Taylor Smith
  • Rental Property Investor
  • Durham / Raleigh (Triangle), NC
Replied

@Matthew Jones - So you believe the cost of this addition will be less than the resulting appreciation? And then you have a means of tapping into that value (like with a HELOC or by selling) that will create more cash for investing than you already have to put towards the addition in the first place? And this is all better than just using that existing cash to invest directly?

  • Jonathan Taylor Smith
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Blue Chariot Realty & Management
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9 Reviews

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