All Forum Posts by: William Lucena

@Matt Devincenzo

Condo is recorded as 3bd/2ba. But majority of the units are convertible with in & have 2 entry’s.

Original master bed is turned into kitchen/living. Then you can create your option with dead ending the hallway. Outside the original set up of 3bd/2ba. You can have either a 2bd/1b & studio or a 1bd/ba. But there are still under one electric meter.

Aloha & Happy New Year,

I have an opportunity to buy into a shared condo. Condo is split with 2 1bd/1ba on each side. I want to buy out one of the sisters that currently own it. They one sister cannot afford the bills anymore. They are both on a FHA mortgage and each have 50% interest in the property. What are some ideas that I can do this without creating any extra costs. Is there a way to keep the loan in place & just remove the the one sister. They have only had the loan for 9 months.

My plan would be to rent my side & split the expenses. Any ideas &/or direction is greatly appreciated.