
4 January 2025 | 3 replies
Hello @Yvonne Wang,The scope of work should include the following:- Basic info: Property address, client name, contractor's contact info, address, license#'s, signed general/operating agreement b/w contractor and client- Specification of repairs: Repair item, Quantity of items needed, total & per unit cost of items, taxes (if applicable), Completion hours, title of the person responsible for the repair item, written summary describing the work- Add'l info: Schedule of repairs, additional payment schedule details i.e. disbursement schedule, method of disbursement, deposits, holdback amounts, etc.The screenshot below highlights a couple of repair items.

28 December 2024 | 4 replies
Your main concern should be whether these bedrooms and bathrooms on the lower level are legal and have the proper egress require for fire code and livability.

2 January 2025 | 1 reply
The mortgage would stay under the seller's name.The buyer could then rent out the unit, renovate, etc. to increase cash flow or make more money.But aside from a possible "due on clause" being called by the mortgage company, what's the benefit to the seller?

26 December 2024 | 15 replies
I have a goal to move out one day and rent out both/all units.

3 January 2025 | 2 replies
Many investors start with a multifamily property, like a duplex, as living in one unit and renting out the other can offset your mortgage and reduce vacancy concerns.Take your time running the numbers and researching neighborhoods—you're off to a great start!

3 January 2025 | 12 replies
I'm considering selling the property to have cash to look for a 2-4 unit on-hand.

1 January 2025 | 6 replies
That is smaller units built with higher density to make the numbers work for both buyers and builders.Adapting to these challenges isn’t easy, but it’s necessary to keep up with the market.What are your thoughts on how builders and developers can address affordability and supply issues.

3 January 2025 | 1 reply
I'm working with a company who owns a small, 19 unit, senior and low income apartment building.

1 January 2025 | 3 replies
For example in many jurisdictions I can STR units in a duplex but cannot STR an ADU (some jurisdictions will let you STR if you owner occupy).

1 January 2025 | 2 replies
Wanted to know if landscaping is a tax deductable expense in general and if it differs when one unit is owner occupied.