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14 January 2025 | 5 replies
My understanding is that the ballpark standard of "unless it would be outrageously tough" (something along those lines) is what applies if you're doing a rehab, seeking new permits, doing structural changes anyways, and things of that nature.For existing pre-ADA structures, my understanding is that the standard is more along the lines of "if it can be easily/cheaply done, you have to do it."
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17 January 2025 | 10 replies
Great hosts will be good neighbors, will contribute to local tourism and will pay their taxes and permit fees* A major area to improve on the proposal is the 1 hour time-limit for resolving complaints.
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20 January 2025 | 14 replies
Run the numbers on a basket of deals you're looking at.
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15 January 2025 | 10 replies
The balance on my bridge loan is $120,000.
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13 January 2025 | 4 replies
The time saved on seeing that bigger picture is worth it to me.
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19 January 2025 | 56 replies
They do not deliver on what they said.
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11 January 2025 | 7 replies
You could also get a line of credit for about $150k (you should be able to borrow 75% of the value.)The reason I suggest this is…1) you save $40-$60k in selling costs. 2) you have a lower blended interest rate (2/3rds at 3.25% and 1/3rd at 7 or 8% instead of the whole $500k at 7 or 8%) saving you another $1k/mo in interest. 3) you only pay interest on that $150k when you actually use it, not from day 1 Unless you hate this property, or want to buy something you can’t afford without selling, that would be my plan.
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14 January 2025 | 11 replies
I’ve been a serial house hacker in the greater Boston area so happy to connect and share some lessons learned.Multifams inventories are quite low depending on your budget and location preferences.
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6 January 2025 | 5 replies
From what I've heard, CA is very ADU friendly so check with your city on what's allowed.