Investment Info:Single-family residence fix & flip investment in Lake Villa.

Investment Info:Single-family residence fix & flip investment in Lake Villa.

I am a new agent with no investment portfolio but am very excited to learn what's needed in order to grow my investment community to build generational wealth and a financial freedom my family will be able to use for a lifetime.

My wife and I were raising 3 daughters at the time and wanted to provide well for my family’s future.

For that reason, I am looking to purchase a duplex or a single family with either an existing ADU or potential to add one. 

Investment Info:Single-family residence buy & hold investment.

I recently purchased my first property in Cullman, AL (4/2 single-family home).

@Garrett TjoeMy understanding is that you do not need separate utilities if the ADU is added to a lot with an existing Single Family Residence (SFR).

Essentially purchasing and converting a single family home into a home that will house 8-16 seniors and provide caregivers, etc. 

You can typically only have one FHA loan at a time (usually must occupy as a primary for a minimum of 12 months), but there are some extenuating circumstances such as a growing family or moving to a bigger property closer to work that would enable you to apply for a second FHA loan before departing.