I am a first time real estate investor looking the following property : https://www.redfin.com/OR/Forest-Grove/2418-Cedar-Cir-97116/...its a pretty large duplex in Forest Grove OR,  the trick is though, its on a lot zoned for a 4 plex so I am lookinginto house hacking, converting into a triplex, then living in one unit while renting out the remaining two unitsThe left garage has been converted to living space, with a living room, half bath, a laundry room with a sink and some counters/cupboards and a bedroom, it is a part of what was an existing 3bd unitIf I were to acquire the asset, I would first attempt to convert that space into its own unit The line items as I see (be in mind, I am totally new to this) would be to >put up dry wall where the door to the rest of the house is,>add a shower to the half bathroom >install a water heater in the adjacent 3bd unit> install a kitchen in the laundry room, (stove , oven , sink, counter space)>add a shower to the half bath Assuming I can convert it to a 3plex, I could at-least cash flow on my investment after I leave My plan would be to put minimum down payment of 3.5% (FHA loan) that way I can have a decent amount of capital free to do the renovationsThe only concern is when I crunch the numbers to get my ROI, I have no idea how much its going to cost to convert the additional living space to a third unitAny experienced investors here know how I can estimate this before I try to make an offer?

Hi Julio, If you're looking to throw together something quick, Wix and Squarespace are the best no-code design tools I know.If you're interested in getting something done professionally, feel free to reach out.

For me below is a short list, but bear in mind that my specific STR investment model is 'vacation house for free'. 

Now, Austin is now becoming California, but if you live here and are renting then you have better options as an owner occupant, than as a pure investor in Austin.If my Assumptions are fairly accurate, then listen up, if not disregard.Buying a new built house in Austin on limited funds, hoping to sell it in two years so that you can make a tax-free profit, is NOT A GOOD STRATEGY!

Hi all, I’m looking at documenting my ‘active participation’ and have been reviewing the REPSTracker app (14 day free trial).

Borrow against them tax free if you need the cash.

I think one of them is pretty reasonably and may even have a no frills free version?

Feel free to reach out me with any questions!   

Feel free to reach out if you have any questions!

You want pitch-free, networking with investors.