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Results (10,000+)
Matthew Masoud Specific Questions for Qualifying for a FHA Mortgage
16 May 2021 | 2 replies
(before this job I worked two jobs for 6 mo each, same career, before that, college).Would I qualify for a $250,000 mortgage for a 4-plex that I'd like to house hack.Is there anyway around the whole "must live in the house for one year"?
Jeffrey Hanson hey this is my first post on BP, i think i found a good deal
19 May 2021 | 4 replies
hi everyone, this is my first time posting to bigger pocketsi am an airline pilot in my mid 30s and looking to create a new life for my wife and myself and our baby on the way. i have dove deep on BP and been scouring the bookstore and the podcasts and learning as much as i can about investing in real estate. we currently live in a 1b/1ba home we own, and no longer owe any debt. i bought it for $120k in 2015 with 2br/1ba, met my wife the next year, she moved in and we gutted it and rehabbed it ourselves (aside from some structural flooring stuff and the final electric and water connections) and blew the tiny bathroom out into the adjacent bedroom, making the house a 1br/1ba. we did all the framing and flooring, paint and drywall and fixtures ourselves. we plan to add an additional bedroom or two, and possibly another bathroom, in the unfinished attic at some point. i was granted a HELOC for $120,000 with my local bank after it got reappraised a month ago at $163,000. i think we spent around $25,000 on the rehab so i'm feeling pretty darn happy about the situation. obviously the covid exodus from boston and new york have pumped real estate prices but we dont really plan on selling any time soon; but possibly renting it out if i get relocated for work.i am trying to find my first investment deal, and my wife and i have narrowed down our plan to aim for a rental with cosmetic rehab and solid tenant base. we thought about house hacking. i'm not sure of where i'll be sent next with work, but i will be sent somewhere else soon. our local market (vermont) is not very landlord friendly so we are looking at long distance, self-sufficient rental as our first investment. i am leaning toward student rentals, and after searching and comparing prices and stuff we have chosen to focus on a few different college town markets in the TN, KY, WV region. i have found a property i think might fit. its a triplex with three 1br/1ba units and off street parking, split utilities, w/d in each unit, located a half block from campus. it seems in decent shape, its been on the market over 200 days, and is listed at $190,000 in a market i believe i can ask at least $750 per unit for rent, which would bring my cash flow to near $1000/mo if i used the calculator correctly.what next??
Gabriel Mauser Garage vs. ADU Conversion
9 August 2021 | 11 replies
I was wondering what option would be more valuable for the res-sale of the home.Option 1: Take advantage of the long driveway and convert the two-car garage into a studio or 1bed 1 bath space. orOption 2: Keep the two car garage.I also considered finalizing the permits for the ADU space (since I will already by waiting on permits for the main home) and leaving it as a blank "ADU ready" with adequate structural, plumbing and electrical for the future buyer to complete if they wish.Thank you everyone for your opinions and I look forward to being a part of the BP community!
Matthew Krickeberg SFH - Primary to rental conversion
15 May 2021 | 1 reply
College kids, family, airbnb?
Ethan Aurellano Where do I start learning about the RE industry as a side hobby.
26 July 2021 | 9 replies
I'm currently in Junior College and taking Computer Science as my major, but I plan to go into Real Estate in the future.
Sonia Wu [Bay Area] Should I request permits to even uneven floors?
18 May 2021 | 8 replies
There is no online permit records for this addition.
Cami Danielle Interested in buying a home in the DMV
22 July 2021 | 13 replies
We realize that it's a sellers' marker in the DMV, but we're willing to adapt to the ever-changing market.Would love to talk to a realtor and property manager that specializes in College Park, Silver Spring, Upper Marlboro area!
Henry Clark Self Storage- Subdivision as Collateral
25 July 2022 | 37 replies
My son is rolling out and pinning the grass mat with staples.Just back from his first year in college
Delbert Standifer What are your thoughts on this deal?
18 May 2021 | 45 replies
I really need a duplex for my son because he’s in college and needs a place to live.
Michael Sloan Financing a Condo for Student Housing
17 May 2021 | 3 replies
You don't want to cram too many people into too small of a space, even college kids.