A local RE professional should be able to provide this information to you as well.In New York, we deal with this scenario frequently and oftentimes it does not make sense to legalize ADUs because the permit process is extremely lengthy, the cost is high (sometimes $150-300K for 1 ADU unit), and the potential increase in property valuable is not worth the risk.If you already have an approved permit/plan and can get your renovation down to $80K, you may want to consider this project if the ARV is say north of $800K.** You should also look into any potential property tax increases associated with this change.

Via the accountability group, new connections were made and we plan to stay in touch and potentially partner on deals in the future.

Hi Sophia, Investing in multifamily properties can offer economies of scale, diversification, and potentially higher cash flow.

Discussing potential profit splits & what happens in a loss situation, liability, stalemates on decisions etc. are valuable topics to discuss.

Compared to the Pittsburgh and other surrounding areas, Beaver generally has a lower sale price compared to the potential rent values.

Never seen anyone do it or talk about it, but has potential I think, especially for a new investor like you.Can you work from anywhere?   

Select a property that ticks all the boxes - location, features, size, design - to appeal to potential visitors.

Purchase price: $1,700,000 I invested in the Bel Aire Apartments in Burlington due to its potential for long-term cash flow and appreciation.

Plus time line will be in 2 years, so it will allow me to qualify my experience as investor to use potential profit from 2-3-4plex for mortgage.

Realize a REIT also will cost a lot more for tax returns and potential reporting.