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Updated 7 months ago on . Most recent reply

User Stats

11
Posts
12
Votes
Tyler Warlow
  • New to Real Estate
  • Raleigh, NC
12
Votes |
11
Posts

I'm Back and Ready To Go

Tyler Warlow
  • New to Real Estate
  • Raleigh, NC
Posted

Good morning everyone! My name is Tyler Warlow! I joined bigger pockets a while back but had to focus on paying my way through school and passing a dual major in Chemical Engineering and Paper Science Engineering. I graduated back in May of 2022 and I am currently living with my beautiful fiancé and we are getting married in October. Now that I have more time on my hands and some additional disposable income, I am looking to jump back into learning about real estate! I am trying to learn hands on skills so that I can buy properties that may need some TLC given how hot the market is here in Raleigh. My first goal is to do a house hack but a little different from the standard that we all know and love. I am looking for a house that I can convert into duplex so that there can be two living spaces, live in one and rent out the other. I would love to connect and learn more from this community! Looking forward to getting to know you all!

Most Popular Reply

User Stats

297
Posts
339
Votes
Pat Lulewicz
  • Realtor
  • Raleigh NC and Greensboro, NC
339
Votes |
297
Posts
Pat Lulewicz
  • Realtor
  • Raleigh NC and Greensboro, NC
Replied

Assuming that you are thinking of finding/converting a basement unit: There's some opportunity in Raleigh for this type of conversion, but they are definitely far and few between, and price point will generally make it prohibitive since they are in higher priced pockets. There are many more of this type of property in Durham as older homes with basements are still price accessible.

To make it a "legal" or permitted duplex, the process is definitely cost and permit intensive, and in most cases may require you to use a GC or similarly licensed tradesman for parts of the project. Review each cities Codes before getting too far down the rabbit hole so you aren't disappointed when you're under contract or post-closing.

  • Pat Lulewicz

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