Proof of what the seller cares about exists in every transaction where the seller provides a concession to assist their buyers with their closing costs.Example 1, the Old way:Buyer offers $100k, seller pays 6%, seller nets $94k.

Hi all - I have a 4 unit building in St. Paul, Minnesota. I'm considering renovating part of the basement to add another unit, effectively converting it to a 5 unit building. Wondering if anyone has ever weighed the p...

The same can be said for investment properties in other locations… We can even make the argument that profits and cash flow in ANY business are limited in the first few years of operation.Aside from a small or non-existent return on investment over the first 3 years, competition is another challenge in Astoria.As illustrated in our “Days on Market” graph, demand seems to be stronger than last year.

Aside from that, rate/terms are good for refinancing any existing debt quickly, but for the BRRRR strategy to work well you really want to go with the cash-out options so that you leave with funds for your next property's downpayment.

Aggressive, but achievable and good peace of mind with one less debt.

Thanks, SteveI'm more concerned about the possibility of active termites than the cost to repair existing damage.

@Johana Villamilcan you share more information about purchase price, current amount spent, remaining work, what your existing contract says? 

In fact, even if the property were to appreciate to the point where a favorable refinance event existed for @Eli Jerman I would most likely still advise against re-titling the property in an LLC.

i was just reading over it and looks like you cant rent it shorter than 7 days and looks as thought it needs to be zoned b1 and up but anyway in my opinion str wont make any money in the area the occupancy rates just aren't there to cover the costs. i mean if someone what's to do it by all means have at it but im out.fox lake is limited to i believe 60 rentals at any given time but again if you look at the Calanders of the existing listings they're just not booked very much  

First I would go to the Building Dept and see if the existing garage is allowed to be converted.