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16 January 2025 | 26 replies
If im out of state, does it make sense to join social media groups, etc. to accomplish the same thing without being physically there?
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16 January 2025 | 5 replies
We will have lots of renovations and additions to do over the years, so I'm worried that it will be hard to save up for more rental properties.Any suggestions?
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20 January 2025 | 12 replies
Her husband is also a GC who can help build additional units as needed if you get something that can fit an ADU.
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13 January 2025 | 1 reply
And if still in Spain, how long until it's in US and is shipping additional or is price landed?
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2 January 2025 | 6 replies
What are the steps to getting this accomplished?
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23 January 2025 | 23 replies
I used the 75% rule on the income and added it and my DTI without the rental goes from 24% to 38%.Or does it just allow me to just take the net profit of that rental and add it to my rental?
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14 January 2025 | 2 replies
FHA now allows us to count rental income from an ADU (additional dwelling unit) to help borrowers qualify.
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16 January 2025 | 2 replies
Additional Info —Key Details:Location: Outside Santa Fe, NMProperty Size: 20 acres (valued at $80,000)Project: Two new STR unitsExisting Experience: Family has two fully-occupied LTRs nearby, generating $2,000/monthConstruction Approach: Self-contracted with licensed trades for electrical/plumbingCost Assumption: $80,000 per unit, plus ~20% for inflation (based on 5–8-year-old build costs)Financing: Using land equity as down payment on construction loan (expecting closing costs to be major expense)Request: Looking for feedback, potential pitfalls, and general guidance
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12 January 2025 | 1 reply
Principal balance currently at 314kProperty Details: It's essentially a "2-in-1" property, with the main unit rented out for $1,900/month and an attached ADU bringing in an additional $1,200/month.
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30 January 2025 | 56 replies
Additionally, make sure you’re familiar with local property laws and any regulations that could impact your investment.I agree with @Jason Wray that you can easily find a cash flowing deal under 200k.