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5 January 2025 | 24 replies
@Hamidou Keita House hacking by converting a single-family to a duplex is a smart strategy, but requires careful planning.Pros: Offset living expenses, higher rental income, increased equity.Cons: Significant conversion costs (permits, construction), zoning restrictions, living in a construction zone, managing two tenants.Key Considerations:Feasibility: Check local zoning and permitting.Costs: Get detailed construction estimates.Market Analysis: Ensure post-conversion rent covers expenses and there's rental demand.Resources: BiggerPockets forums, local contractors, real estate agents.Have you researched your target property's conversion potential?
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1 January 2025 | 12 replies
Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.DM us if you’d like to discuss this logical approach in greater detail!
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24 December 2024 | 6 replies
Let me know if you'd like more details or assistance!
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28 December 2024 | 8 replies
Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.DM us if you’d like to discuss this logical approach in greater detail!
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29 December 2024 | 16 replies
The software doesn't provide that level of granular detail that can mean the difference between 2k and 3k a month.
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16 December 2024 | 18 replies
Present the pertinent property details efficiently (bullet points, not paragraphs), highlight amenities (in-suite washer and dryer or reserved parking), and include your company name ("professionally managed by...").
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3 January 2025 | 45 replies
Would love to chat and discuss in detail.
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24 December 2024 | 10 replies
Still gathering additional details, but looking to have it under contract within the month.
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25 December 2024 | 4 replies
Can you go into detail about you ideas with creative financing or a partial refi?
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31 December 2024 | 97 replies
More to the point of your post, the agreement of sale should have language detailing precisely how the escrow funds are released to buyer or seller.