Hi Folks,I bought a property in Harrisburg, PA about a few months back with a conventional loan on my name.I would want to transfer the property to my single member LLC. Reached out to an attorney. He mentions that it...

For example, looking at a property with "3" bedrooms but a giant loft area that could be converted to a 4th bedroom, and a full downstairs private area with a full bath that could have a convertible bed, allowing the property to sleep 10 minimum before adding any bunk or twin beds.

You convert your hard money loan and refinance into a conventional loan and get the uptick of your renovation on the home value.

I have a former primary residence I want to convert into a rental.

Remind them of the peace of mind you offer by ensuring the deal won’t fall through and that you handle all the details.With a few adjustments, your approach can be even more effective in converting leads to deals.

Changes to convert a whole house to meet ADA requirements and the ongoing nonsense that might keep coming up sounds insane. 

As they say, if you give and inch, they will take a mile.

Since you are an active service member the IRS will allow you to have lived in the property for two out of the previous ten years of owning it. you'd just want to verify with your accountant that you qualify for these extensions.Since you converted the property to investment, you may also take advantage of doing a 1031 exchange when you sell.

Good luckThis question is more for my specific property but how do you feel about properties that need less work to convert into a ADU?

Purchase price: $3,000,000 Cash invested: $67,000,000 Sale price: $87,500,000 We are purchasing a Distressed Office Building that is in Special Servicing (foreclosure) to convert to a Hotel.