All Forum Posts by: Matthew L Hearn

Hey there. I’m looking at a possible duplex acquisition that is tenant occupied. How would it work when I take over? Do I have to honor the lease currently in place? Also, if I’m trying to brrrr the property how do I do upgrades with tenants in the way? 

I'm looking to build on .44 acres in Wilmington NC. The idea is to build multifamily rentals to hold for the long term. The engineer I'm currently working with drew up a plan for five townhouses. Four townhouses are 1250 sq ft one bedroom and the fifth is 2 bedroom. The plan is to maximize the space we have and rent as midterm rentals to medical and business professionals. My question is does it make sense to build one-bedroom condos? Or maybe just build two duplexes with two bedrooms each? Any input would be appreciated.