I'm a contractor and just did a bid on an SB9 project in Los Angeles County - Altadena area (building permit jurisdiction).

I've already renovated one of the bathrooms, and I’m planning to paint the interior, update the kitchen cabinets, possibly sand the wood floors, build a fence is a corner lot and increase the rent for the room since my tenant is currently renting the entire 3-bedroom, 2-bathroom house for $800 a month.

Find an agent with a team that you can build a longterm working relationship with that will make sure you won't overpay for a property and overall will land you an actual deal.

I’ll still try to answer the question: Pros of Kansas City for buy and hold small multifamily rentals:  Hybrid market so you get some cash flow and some appreciation (con if you want only cash flow or only want appreciation) Inventory of 2, 4, and 5-50 MF buildings (not true of a lot of markets that only have SFH and very large complexes 100+ units)Relatively low property taxes, although check for the city and state you are in (e.g.

However, if I had started off with a house hack, I could have lower my monthly mortgage tremendously which would have helped me build up my savings at a much quicker pace than I had.

Good Day BP Community, Along with my investment goals for 2025, I have a goal to scroll less and consume more meaningful content.

Paola, it sounds like you've done a great job building equity in the property, and the renovations have definitely paid off!

I do that on my new builds..

I own 2 apartment buildings in The Annapolis valley Nova Scotia.

What is the realty of converting a new Warehouse build into apartment spaces?