All Forum Posts by: David Miller

I live on Cape Cod and want to build a duplex. Its my first. I dont care where it is located or if its a 1/1 per side or 3/2 per side, etc, therefore im open geographically and can focus on the markets and numbers.

I am putting together my variables to research in an effort to analyze where, and what makes sense for our goals.

What are "things to consider," when analyzing what to build, and where, in order to then translate that information to a "buy-rent-hold" analysis for comparison?

Ex. Do we do a 2/1 side-by-side better suited to young couples and retirees with less square footage? In that case schools dont matter, right? Cost of building is lower than a 3/1 of the same class that would need more square footage. But, rental income is lower, home value and subsequent appreciation, lower...etc etc.

I have ideas on how to walkthrough this but wanted to hear from BPers for insights, im sure im missing.

Any insights, ideas, and challenges are encouraged and appreciated!

Also, any insights on solid resources for good numbers you list if they are not apparent.

Learning,

David

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Hello BPers!

The deal:

1. You have a paid off mortgage on an investment property intended to be an inhertance.

2. There are 2 family members on the deed.

3. One family member is retired and shows less than 35000 per year of income. The other family member (the inheritor) shows a significant 6 figure income.

Question 1: (only BP geniuses dare reply:)

What do you recommend in regards to structuring the disbursement of funds. To what accounts and in whose name, etc etc. And why????

The funds are going to be used to purchase more real estate, where the retiree will get a % on the total sum yearly, and the working member can leverage as he sees fit.

Let's start with that. Bring it BF!

@Matt Kurkowski sorry, Meyor and Sons

@Matt Kurkowski Trevor Meyers of Meyers and Sons is a second generation builder on Cape. He is a very smart and experienced builder who communicates effectively and is looking to build a property management side to his business as well.