All Forum Posts by: Dawid Surowiec

im planning to buy a hud property. i currently live in my parents house so as soon as i close on the property, i can change my address. i will not move right in since the hud property needs work. So my question is, will i be able to buy the property, change my address, while still living in my parents house and rehab for a year and then after then sell the property with out an issues? 

so technically i will be rehabbing the property for a year and picking up my mail. then selling it after the year mark.. 

thank you for the help in advance 

What's going on PB community!! What is the difference between owning a 2-plex and 4-plex? I'm planning to buy and owner occupy my first property! My plan is to use a 5% down payment, so I figured, I might as well utilize a 5% down payment and have my rent/ taxes and have money in my pocket buying a 4-plex compared to collecting one rent from a 2-plex. What the are the laws for a 4 plex? Thanks for all the support!!

Hello Bigger Pockets community! Long story short, I am looking at 4-plex's in (Elmora) Elizabeth Nj. I grow up in linden Nj. I am planning to put down 5% and owner occupy. The 4-plex I walked through today, seemed like a maze. (Most of the 4plexs in Elizabeth, that I looked at are mazes) meaning.. for example behind the door for unit 3 had a hallway with two doors.. one door had an entrance to a 2 bed 1 bath with a kitchen. And the other door, down the hallway had a door to a finished attic with a bathroom and no kitchen.... so basically when i rent out unit 3, I would have to rent out the 2 bed, 1 bath, kitchen and the attic to one tenant rather then making the property have 5 different tenants.. make it 8 tenants.. because the other top unit had the same set up. And the basement was finished and divided into two units with kitchens and bathrooms which were not legal.. What I am looking for, is someone who invests in Elizabeth and deals with 4 plexs, that have additional units.. I don't want my first invest be a headache. Thank you for your help.