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Updated about 8 years ago on . Most recent reply

User Stats

73
Posts
6
Votes
Sherwin Vargas
  • Investor
  • pawtucket, RI
6
Votes |
73
Posts

should i move into a basement. looking for advice

Sherwin Vargas
  • Investor
  • pawtucket, RI
Posted

Hey guys I am an amateur real estate investor. I currently own one property multifamily property and am looking for advice on an idea I have.

I have been living in Boston( 5 minute drive to my job) 3 yrs paying this crazy Boston rent (1200 a month for a 1 bedroom in the hood). My pregnant girlfriends family own a home about 35 minutes away. They would let me fix up the basement and build a little apartment but not charge me any rent since I am paying to fix their basement and we would help pay some bills. I'm figuring we would spend 4k on materials 0 on labor. Uncle who owns a construnction company will be building and I am handy also

I am wondering if this is a good idea 

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