Skip to content
×
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
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Try Pro Features for Free
Start your 7 day free trial. Pick markets, find deals, analyze and manage properties.
All Forum Categories
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

All Forum Posts by: Davido Davido

Davido Davido has started 8 posts and replied 525 times.

Post: 25 year old's First Year of investing....$1.5m rentals acquired!

Davido DavidoPosted
  • Rental Property Investor
  • Olympia, WA
  • Posts 543
  • Votes 310

Congratulations!   Thank you for sharing.

Post: Adverse Possession Questions

Davido DavidoPosted
  • Rental Property Investor
  • Olympia, WA
  • Posts 543
  • Votes 310

Shelby, why not post your question(s).   You're likely to get answer(s) and likely to be able to tell which are worthwhile.

Post: List of All Books Mentioned on BiggerPockets.com Podcast

Davido DavidoPosted
  • Rental Property Investor
  • Olympia, WA
  • Posts 543
  • Votes 310

Thank you@Jorge Garifuna ! Thanks for sharing your list. Much appreciated.

Post: Bob Diamond overages live events and courses

Davido DavidoPosted
  • Rental Property Investor
  • Olympia, WA
  • Posts 543
  • Votes 310

Some one else on BP was asking about Bob Diamond several years ago. https://www.biggerpockets.com/forums/79/topics/94080-diamond-in-the-rough-system

Post: Can New Construct Fourplex-Each licensed as B&B, be run as Hotel?

Davido DavidoPosted
  • Rental Property Investor
  • Olympia, WA
  • Posts 543
  • Votes 310

Thanks Curtis.   Will do.

Post: Can New Construct Fourplex-Each licensed as B&B, be run as Hotel?

Davido DavidoPosted
  • Rental Property Investor
  • Olympia, WA
  • Posts 543
  • Votes 310

Question for Bigger Pockets community and investors doing Multifamily or Medium Density Residential construction, or those operating AirBnB, Vacation Rentals, Hostels and Rooming Houses or Boarding Houses; -what problems am I likely to run into by building a fourplex in medium family residential zoning then licensing each single-family residence of the fourplex as a separate Bed and Breakfast and essentially operating the fourplex as a small hotel?

I’m exploring the idea of building a permitted four-plex as authorized in our medium density residential zoning, then licensing each living unit as a separate Bed & Breakfast business.  The result would be four separate Single Family Residence B & B’s operating in a single multiplex building.  The design would make it possible to rent over a dozen rooms for short term stays as though the building was a small hotel, but the property would have Medium Density Residential zoning, -not the commercial zoning normally required for a hotel. The building code in my area permits Bed and Breakfast businesses in Single Family Residences (with MDR zoning) of up to 5 bedrooms.  The code  in my area also defines a “hotel”, as a building containing greater than 5 rooms that are rented for short term stays. What problems, if any, would you anticipate from local code enforcement or zoning boards with this plan?

Details: Each floor would be a separate residence containing 4 bedrooms and 5 bathrooms (a bathroom attached to each bedroom and a central house bathroom). Each floor would have its own kitchen and exterior doors.  However, each residence (each floor) would also have an internal stairway between floors.  Doors to the internal stairwells could be closed and locked when each floor is being used as a private residence, or the doors to the internal stairwell could be unlocked and opened to permit access between floors.  Unlocking the doors to the internal stairways would provide the flexibility to utilize the four single family residences as the functional equivalent of a small Hotel or as any combination of 2, 3, or 4 residences.

One advantage, to permitting such a building as a multiplex instead of as a hotel, is that Medium Density Residential (MDR) zoning required for a fourplex is available in many more places than is the commercial zoning required for hotels. Another advantage is that MDR land and development costs are less than commercial land and development costs. In addition, AirBnB adds for this property could be written to attract groups of all sizes as well as individuals and couples.  There is reported to be an unfilled demand for large group AirBnB housing.  New businesses are being formed to cater specifically to large group AirBnB rentals.

I understand that under most zoning codes changing the occupancy from longer term single family residences to shorter term or “transient” housing requires compliance to the stricter building code for transient occupancy.  For example, a hotel requires a number of fire hazard improvements that would normally not be required of a residence -such as a fire suppression sprinkler system. The extra costs of meeting the code for transient occupancy is not a limiting issue for me.  It is likely that building to the stricter code for transient occupancy would be money well spent.  Rather, I’m looking specifically for ways to maximize income potential from parcels that are zoned medium density residential.  A dramatic increase in profitability can be achieved in housing investments by increasing the occupancy load and by renting for shorter stays at higher prices.

It seems to me that if this fourplex receives all permits required for multifamily housing, and if each living unit in the fourplex is a properly licensed Bed and Breakfast -with all taxes paid, then each living unit is being properly used for the occupancy originally permitted. I believe it would be difficult for a zoning review board to claim that merely opening an internal doorway between separate residences, changes the occupancy so as to create a zoning violation.

Your thoughts and suggestions are greatly appreciated.  Please, let me know what you think.

Post: What's in your lease concerning horses?

Davido DavidoPosted
  • Rental Property Investor
  • Olympia, WA
  • Posts 543
  • Votes 310

Consider also how you want your pasture maintained. One horse kept too long on the same small acreage can quickly turn lush pasture into denuded bare ground.  It takes considerably longer to restore pasture than it does to destroy it, and unless you've got the time to manage your pasture almost daily it can be expensive to restore.  I'd require cross fencing and a paddock shifting plan before permitting horse(s).

Post: Direct Mail Message to Tax Delinquent Properties...

Davido DavidoPosted
  • Rental Property Investor
  • Olympia, WA
  • Posts 543
  • Votes 310

@Ushi Hastie  Good reply Ushi.   And who am I to comment.  Your website and blog are light years ahead of any I've done.  HappyHolllidays to you too.

Post: Direct Mail Message to Tax Delinquent Properties...

Davido DavidoPosted
  • Rental Property Investor
  • Olympia, WA
  • Posts 543
  • Votes 310

@Ushi Hastie, Want you to know that your website has a wonderful feel.  Good job! Not a lot there, but very pleasant.  Best wishes.

Post: Perfecting the title

Davido DavidoPosted
  • Rental Property Investor
  • Olympia, WA
  • Posts 543
  • Votes 310

Sandy, thank you for the youtube link to the Tax Lien Lady and to www.TaxTitleServices.com   Their service is new and appreciated information.  Best Wishes