All Forum Posts by: Brad Beadling

Hello all,

I am in the midst of setting up meetings with potential buyers agents and one of them requested that he bring along another agent who works with him, that I happened to contact as well.  I thought it seemed a little odd but this is new territory for me. Is this an uncommon request from a buyers agent?

Thanks in advance

Yeah I figured it would require some work initially to get it all set up, but if there isn't any weird law prohibiting it and the structure is already on the property it seems like it could be a nice way to get some extra cashflow!

Thanks for the response!

Thanks @Chris Mason that clears things up a lot! And I'll keep that double offer strategy in mind for the future ;]

Hello all!

I am curious if there is anything illegal about renting a home to tenants and in addition renting out storage space to someone who is not renting the property.  

For example if I bought a multi-family property with a garage AND a pole barn, could I rent out the house (along with the garage) to a tenant, but also rent out the pole barn separately for storage to make extra cash flow on the property? 

Similarly could I purchase a property and rent out the home to tenants, and in addition build a pole barn on the property to rent out separately?

Thanks in advance!

- Brad

Hello all!

I am wondering about some of the specifics of 203k loans.  One thing I'd like to know in particular is this: Can a 203k loan be used to turn a distressed single family home into a multi-family property? (For example say a 4 bd/2 ba turned into a duplex each having 2 bd/1 ba)

I am also wondering how distressed a property must be to qualify for a 203k... does the home have to first be considered to NOT be in livable condition, or can this loan be applied to a paint and carpet rehab?

Thanks in advance

- Brad