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Updated over 6 years ago on . Most recent reply

Adama Sombie's profile image
Adama Sombie's profile image
Adama Sombie
  • Investor
  • from Takoma Park, MD
  • Member since Jul 12, 2017
  • Posts 9
  • Votes 3
  • Experience 16 Yrs
  • Investments 1
Connect

User Stats

9
Posts
3
Votes
Adama Sombie's profile image
Adama Sombie's profile image
Adama Sombie
  • Investor
  • from Takoma Park, MD
  • Member since Jul 12, 2017
  • Posts 9
  • Votes 3
  • Experience 16 Yrs
  • Investments 1
Connect
Adama Sombie
  • Investor
  • Takoma Park, MD
3
Votes |
9
Posts
Land & New Construction

Convert a Single Family to Multi-Unit

Adama Sombie
  • Investor
  • Takoma Park, MD
Posted

wI have been looking for a 4 Multi-family unit in Montgomery county - Takoma park and and Nort-West DC area for awhile.

My intention is to live in one of the units and rent the remaining. I am using the Mortgage loan from NACA and was qualified for up to 775K. The Multi-units I have seen so far do not cash flow as I wish them to. Therefore, I would like to buy a single family unit and convert it to a Multi-family.

My question is that what should I look for in the type of single family that will satisfy my need. Is it a good idea to convert a single family to a multi-units or buy a multi-units right away?

Your answer is greatly appreciated.

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