Even if you venture into new markets where you're not the local you can still find those partners (brokers, architects, engineers, contractors, lenders, etc.) who are and have the deep roots and insights.   

Fortunately, we didn't lose money on this property but just broke even.

Many traditional banks won’t touch them, and even DSCR lenders will avoid them if the build out is done prior the securing long term debt. 

We originally used an FHA loan with 3% down, took on MIP, and now have a $2,100/mo mortgage with $225 HOA/mo - so about break even on cash flow. 

So post your numbers and let us take a look......even give the address if you're comfortable doing that.

January’s CPI came in at 3.4% year-over-year, slightly above expectations, reinforcing the Fed’s cautious approach.Economists expect this month’s CPI to show a slight decline, but if inflation remains above 3.4%, the Fed may delay rate cuts even further.

Took about half a year to learn how to walk, talk and even eat again, but bounced back to my love for real estate investing and the two things that transitioned me from just wholesaling to actually buying deals as an investor was creative finance and private money.Bought my first rental property in Easley, S.C. owner finance and one of my best rentals I still own today was bought subject-to! 

If you opt for the second option, you’ll need to coordinate more closely with multiple subs, which could be time-consuming.It's crucial to have a team member overseeing the project, even if you choose one GC.

I would do it even if I sell far outside the 18 month window.  

The board actually brought up the new ADU ruling to inform residents even though it didn't pertain to our project it seems like a great opportunity if you have the space.