Hi all, I am considering the following strategy for a house hack in Old Town Alexandria.

If you buy it too low, in some jurisdictions they will call it "equity skimming" which is illegal.It can be very profitable, I've done many, but you really need to know what you are doing. on pre foreclosures on the West coast if you happen to do them legally .. the old owner is due 80% of the profit if you sell within 36 months.. so there is that.. but if your buying pre foreclosure for long term hold and wait out the 36 months then your fine. the reality these days is post GFC lenders/ banks/ servicers have realize that working with the buyer to reinstate recast redo the loans is far better than taking it all the way to foreclosure so your correct its usually the worse houses that make it all the way to the end and go to sale.thats why if you follow NODs  Notice of defaults or whatever they are call in your state. you see so many postponements and or removed or paid off etc.. so you hone in on one property do all this work only to have it not go  to sale  rarely are you going to buy a home that you really want LOL

Being a townhouse most of them have CC&R's that you need to ensure you're following. 1) I got started in RE back in 2014 at the age of 20.

Newbie here,I've been following along and trying to do the examples but am not great w excel.

Quote from @Natalia Perlova: Hi there BP community, looking for your advice on the following please: i inherited a section 8 tenant who pays way below market, acts shady, had an issue with the leaky toilet for years, which damaged the floor and cost me $$$ to fix.

As of now that definitive list is ADUs are allowed in the following zoning districts: R-1, R-2, R-4, R-6, R-10, RX, OX, NX, DX, and CX.

Will reach out with any questions in follow-up.

Following - I'm based in California

Hey Zach, If you are looking into DSCR loans to finance these properties, most lenders will require the following: 1.

Appreciate your inputs and will follow the same.