This duplex was converted before zoning laws took effect in the area, and was grandfathered as a legally non conforming structure, listed as a duplex. 

A partnership is a marriage, if it breaks up, it is rarely amicably, and there is always pain, whether it be emotional, psychological, and/or financial.That being said, you need to talk to an attorney to create a well structured partnership agreement.  

We do it by providing the new buyers with peace of mind… brand new structures, brand new mechanicals, and brand new kitchen and bathrooms.

I was born and raised in NYC, so I saw first hand the shell game being played on the streets and how scams were ran.

Do you guys have any tips on how to proceed through the agent and structure our approach knowing she was widowed in dec 2020?

I'm looking to structure a partnership, were wondering what the best way to take this to an attorney to write up a contract that looks out for the best of each individual investor.This is my first rodeo, looking forward to the plunge! 

@Kendrick CarterI would suggest following the @the203kway on Instagram.If you plan to spend more than $35k in renovations or there are structural repairs, you will be required to use a 203k HUD consultant - who is a great resource throughout the entire process.In my opinion, building a cohesive team is most important - below is the path I followed:1) 203k HUD consultant > asked for lender referrals 2) 203k Lender > prequal letter provided 3) 203k Agent > had personal 203k experience and completed transactions previously4) Offer Accepted & Under Contract > completed HUD walk thru and scope of work provided 5) 203k Contractor > asked for referrals from everyone, and the one I found was currently working on 203k projects and understood the process I am now just awaiting the contractor quote to finalize the loan commitment process!

The plan is to add an off grid structure on the other side of the property and have both units as STRs.I have been a residential RE agent in NYC the last five years and still hold my license, but have recently joined a large commercial real estate company in their property management group.

A minimum down payment (less than 20% down) mortgage is structured as your primary residence.

Purchase price: $125,000 Cash invested: $35,000 Sale price: $235,500 Extensive full home remodel includes structural remodel of a new staircase with pantry built underneath.