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24 January 2025 | 7 replies
They said we have to build new walls because the old walls are directly on the concrete, and this is not allowed.
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21 January 2025 | 6 replies
The seller has the two lots legally separated, but due to deed restriction imposed by the subdivision development, found that building a house on the “tennis court” lot was not allowable.
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5 January 2025 | 24 replies
What rate, term and amount borrowed did you get for the ADU build and what was the cost?
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21 January 2025 | 5 replies
In my market, which is a fairly economical place to build, I am friends with full time builders that are in their properties about $150k/door for construction level finishes.
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20 January 2025 | 16 replies
The options are, demo the lot, split the lot and then sell 2 lots to the builder or build myself.
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26 January 2025 | 17 replies
I do STRs, building some now.
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21 January 2025 | 3 replies
Keep in mind that only the "building basis" can be segregated and will benefit from accelerated depreciation.
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15 February 2025 | 77 replies
Just to be crystal clear with everyone:I bought my house in July of 2016 for $350K, the mortgage was $315K.I started this strategy in May of 2018.December of 2021 my balance is $190K.I'm building equity very quickly and I have not touched my savings, stock investments, sold properties, received a lump sum from the lottery or inheritance or anything.
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21 January 2025 | 4 replies
A reserve is unnecessary, but I still keep around $15,000 - $20,000 in my account.The point is, that you should sit down and assess your finances to determine what the worst-case scenario may look like, how much you would need to cover it without impacting your life, and whether you will need to build a reserve.
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19 January 2025 | 18 replies
Are the new builds for owner/occupants or build to rent?