We negotiated a favorable deal by assessing the needed renovations and offering $60,000 to secure it quickly.

So, I would not be allowed to turn the property into a quadplex BUT could turn it into a duplex with two ADUs, one attached (the additional unit built downstairs) and one detached (the renovated and converted garage).Does this sound accurate to the community here?

We are finding properties in BALT that are cheap enough (100-150k) that we could purchase, do renovations and then rent it to make a pretty good cashflow.

Hello, I’m have plans to remodel the basement in my house and rent it out. but before making any major renovations, I thought it would be a good idea to ask in here if anyone in the Cobb county area in GA has done this before?

$230k Purchase Price$225k Balance$25k+- in renovation materials.

@Jesse Dominguez-Castelan you could get in touch with a local bank in that town and explain to them exactly what you just did here and ask them if they have a product that might help you accomplish both the buyout and the renovations.

But like Drew Sygit said, if you're going to sell it, in the future, vacant is best, especially on a new renovation.

The whole reason I am looking to invest more is because the cash flow isn't so great and is taking a lot of time and work to renovate and fix that issue.

Also, look out for red flags like neglect, possible liens, and unpermitted renovations.### FinancingMake sure you have your financial matters in order.

Because these are renovated to suit and can be licensed for assisted living, we are able to lease them for ~3X market rent.