The new investment earns $24,000 a year, but the mortgage + the equity loan cost will be $22,332—and that’s before you account for taxes, insurance, maintenance, capital expenditures, vacancies, etc.

. $2,000 is just a random number, the exact number depends on your overall tax situation.Building an ADU if you plan to rent it is business interest, not personal interest.

Particularly in Philadelphia where there’s a ton of red tape to navigate and construction costs are disproportionately high relative to other markets.Ten years ago I could walk into a district L&I office, complete a two page application and pick up a building permit without plans for a single family renovation the next day.

We will end up having to complete more of the labor on this project ourselves than planned and we will be fortunate to finish this one without being in the RED.

I'm not planning to house hack, just for investment purpose.

Most likely you need to speak with the planning department and they'll tell you if it's allowed.

None of my business, but I don't think he was doing what most wholesalers plan to do.  

Hey @Adam McCarty, I'll be out of town for Jedd's group's next meetup, so Robert and I were planning on meeting on the 19th.

Which also means he may not end up with much money  back to the sell it all or cash out refi  Are you you going to try to have two insurance polices: (cousin a’s home owners policy and cousin b’s landlord policy?

I'm a student athlete at OU wrapping up my undergrad this fall, with plans to pursue grad school soon.