All Forum Posts by: Jamie Hobson

@Matthew Irish-Jones thank you so much!

@Matthew Irish-Jones thank you! I didn’t realize how much went I to this! Can it get pricey?!?

@Alan Feldman thanks! I didn’t know basements needed that!

I have a single family property where I want to convert the basement level into a one bedroom rental in order to capitalize on rental space and bring in additional income. All I need to do is add a small kitchen, and it’s ready to rent, trying to save on costs, should I get this kitchen permitted? Should I even convert it?It’s a buy and hold rental property and I have no intention on selling... advice?

Thanks for the positive feed back! I was shocked how quickly I found the property.. The most challenging thing was the closing process. I Used traditional financing and dealing with the bank was very stressful, however, I was able to close in 30days..

 Very cool! 

Best Advice - "start looking for the next immediately, don't lose momentum"

 Will do!

 Will do!

 Thanks!

Got my first win! Guys I closed on my first owner occupied property. 4bed 3bath total rehab. The goal is to AirBNB the basement while I live in the main 2 levels and save up some money and then move out in 3- 5 years into another property and turn this one into a full-time rental property (baby steps). 

Looking for my next deal, buy and hold in Baltimore city wish me luck! Any advice is welcome.