Adding a washer/dryer to a $500,000 two-flat in Rogers Park could allow you to raise rents by $150/month, significantly boosting your ROI.8.

If it concerns you that much, adjust the purchase price to take into account this added risk. 

If you’re leaning toward adding more units sooner rather than later, consulting with a zoning attorney or architect could give you a clearer path forward!

Hey Franklin,Usually adding an ADU is not 1:1.

I'm currently renovating my rear unit and it has the perfect layout to split into 2 units by adding a wall and an additional front door.

Adding the ex to the title could trigger gift tax implications, so keeping it simple is best.

It all cash flows like a gold mine until the roof needs to be replaced, the main line goes, or you get your first turnover bill and need to upgrade a kitchen. 

But if you lay out your plan to the owner over the phone, it's very hard to get a "yes" because trust is developed with a face to face meeting.Trust can be established by talking about your past record (as an investor) but also if you have something positive about yourself (profession - real estate agent, nurse, teacher, fireman, doctor - any profession that can give you some added credentials).#4 Owner vs.

But with the added detail, option 2 would still be my least favorite. 

Texas added more new residents than any other state over the past year and now has a population of over 31 million people.According to estimates released Dec. 19 by the U.S.