Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Off Topic
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 8 years ago,

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 

Loading replies...