Yaroslav Shtogun
Lot split with house on the line
20 January 2025 | 16 replies
However, after receiving the survey results, I discovered that the house is located less than 1 foot over the sublot line (see attached image).Here are the options I’m considering:Rent the current house for market value (~$1,500–1,600/month) and convert the detached garage into an ADU to rent for ~$1,000/month.Relocate the house to split the lot, then sell the newly created lot (~$100,000) while renting out the existing house.Relocate the house to split the lot and build a new home on the second lot.Demolish the current house and garage, split the lot, and build two new homes.At this time, I am uncertain about the cost of relocating the house.Questions for the community:Has anyone faced a similar situation?
Benjamin Finney
Macro Economic Indicators to Inform Investment and Lending Business
23 December 2024 | 5 replies
So like I am not going to run out and buy a bunch of lots in Lehigh acres or coral gables FLA which is saturated with new builds and un finished new builds were the FOMO got going big time and builders have failed to execute and left investors high and dry.
Paul Novak
Small & Mighty Real Estate Investing
21 January 2025 | 14 replies
Think multi unit residential, commercial properties, or purchasing houses “subject to” existing mortgage.
Godsheritage Adeoye
How to takeover Subject to loan
3 January 2025 | 7 replies
There are actually THREE kinds of subject to transactions1- subject to existing mortgage without lender approval2- subject to existing mortgage WITH lender approval3- subject to existing mortgage as part of a seller financed wrap around mortgage.with #1 and #3 it’s in everyone’s interest to utilize a third party servicer, who collects and then distributes payments.
Stephen Patton
Newbie & Confused
21 January 2025 | 2 replies
Also It seems that in my city this doesn't exist with a duplex, triple etc..
Andrew Slezak
Opportunity zone investing
17 January 2025 | 2 replies
For existing properties, you must make substantial improvements (equal to the property’s value, excluding land) within 30 months.Ensure the duplex qualifies as an OZ investment and complies with QOF rules.
Justin Reyes
I need an investor 30 unit multi unit in a prime location
21 January 2025 | 1 reply
Check with your State Historic Parks Office and get their opinion to see if it would be likely to get a determination of individual eligibility.If it doesn’t meet individual eligibility, does the subject property exist in an area that has historic fabric?
Henry Farias
Got Land and want to use it as down payment.
15 January 2025 | 1 reply
I could be wrong but I am unfamiliar with any products existing.
Bruce Bennett
How to spot scams or is there a site that evaluates DSCR lenders
15 January 2025 | 9 replies
Scammers do exist, and it’s smart to verify a lender’s legitimacy before moving forward.Check Reviews and References: Look for reviews on trusted platforms like BiggerPockets or Google.
Catherine Parenteau
Renting Non-Conforming apt through Section 8 - good idea?
16 January 2025 | 2 replies
It sounds like you have an un-permitted unit, which is essentially always a risk since there has been no notice to the AHJ that it exists and they can therefore initiate a code case to have it removed in most cases.