All Forum Posts by: Quan Pang

@Matthew Crivelli @Mason Hickman

Thanks. I will call my local town to check.

Am I able to rent an in-law unit to a section 8 tenant?

Hi everyone,

Bringing this thread back up, how do you get a pre-approval for a multifamily house where you'll need to use it's projected rental income for loan qualification. Can it be a generic pre-approval or does it have to be specific to the house I would like to make an offer on?

Thanks,

Q

Thank you @Lien Vuong

Hi BP community,

For those familiar with the Boston area, I was wondering if any areas outside of downtown Boston make sense to do air bnb / str's?

Would a commuter town like Chelsea, Everett, or Revere have enough demand for the numbers to work?

Thanks,

Q

@Evan Polaski

Appreciate the thorough response. You brought up a lot of important considerations that I didn't think about. Thank you!

In the Everett, Medford, Malden, MA area, I see some property in residential neighborhoods that are used as offices for the likes of lawyers and insurance agents. I was wondering if it would be possible to convert this space into residential rentals? What would typically be needed to make this up-to-code and rezoned?

I saw a small vacant 2-unit office building (3600 sq ft total) for sale in a residential area and I was wondering whether this could be rezoned and converted a 2-4 unit rental?

What are some things I need to be thinking about and/or researching?

What are some building codes typically required for residential zoning, but not required for office use?

Thanks,

Q

Hi BP community,

I came across this deal and was wondering if you can tell me what you think about it?

Is this in a good location in Milwaukee? What would be a good price for this property?

1444 S. 56th Street West Milwaukee, WI 53214

Listing price : $349,900

FEATURES

Street and Alley Parking

Duplex + Detached Cottage

Granite Counters

Cooling Central

Heating Forced Air

PROPERTY INFO

Bedrooms 6

Bathrooms 3

Building Size 3,000

Year Built 1955

County Milwaukee

FINANCIAL INFO

Leased Through 06/2020

Monthly Income $3,240

Property Taxes $4,890

CONSTRUCTION

Exterior Vinyl Siding/Block

Roof type Asphalt

Stories 2.0

Flooring Hardwood, Tile

Units 3

Thanks! 

Q