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20 January 2025 | 16 replies
However, after receiving the survey results, I discovered that the house is located less than 1 foot over the sublot line (see attached image).Here are the options I’m considering:Rent the current house for market value (~$1,500–1,600/month) and convert the detached garage into an ADU to rent for ~$1,000/month.Relocate the house to split the lot, then sell the newly created lot (~$100,000) while renting out the existing house.Relocate the house to split the lot and build a new home on the second lot.Demolish the current house and garage, split the lot, and build two new homes.At this time, I am uncertain about the cost of relocating the house.Questions for the community:Has anyone faced a similar situation?
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14 January 2025 | 8 replies
There are dozens of problems you can face as a landlord, and I feel it's important to have a plan for all of them.
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27 January 2025 | 3 replies
This meant roughly 4% of the county's single-family homes faced foreclosure in 2010.
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9 January 2025 | 2 replies
Are there any other Travel PT’s or people that have faced a similar problem like this before?
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17 January 2025 | 12 replies
Our countertop people are there looking for their payment.
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20 January 2025 | 3 replies
With that in mind, I’m considering purchasing four rental units over the next four years to build a stream of income that could help supplement my retirement by age 68.The challenge I’m facing is that the deals I’ve come across so far don’t make financial sense.
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13 January 2025 | 12 replies
There's a reason that people try to buy properties off-market and that is because you can find sellers who care more about terms than maximizing returns.So start with a conversation: you already presumably have some rapport since it's your landlord and you've spoken before.
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11 January 2025 | 7 replies
A buddy of mine who invests out in Phoenix once had a client facing a similar timing mismatch on a rehab project.. they ended up working closely with a local credit union who was more open to interim valuations.
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10 January 2025 | 4 replies
See what qualifications people are looking for and do what you have to in the meantime to produce income while you're studying.
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3 February 2025 | 31 replies
Why do people who say the only people doing well today are the people who bought long ago (10+ years)?