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7 April 2024 | 12 replies
I live in FL so I’m trying to network and learn the area while investing in Turnkey property as well.
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8 April 2024 | 23 replies
But in reality, I only had $4,500 invested the majority of the 5 years, so the yield is over 90% Annual ROI.I hold this in my retirement account, so it's not money that I need to live on and it's tax advantaged.The sky is the limit with Options.
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8 April 2024 | 20 replies
If you live in an area with hard water it will ruin the door if not cleaned frequently.
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6 April 2024 | 4 replies
i.e.) can 5 unrelated adults live in a 5-bedroom house?
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7 April 2024 | 53 replies
I live on Long Island and are looking to get my feet wet this spring.
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7 April 2024 | 7 replies
Im a REI living in Toronto looking to buy their first property!
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7 April 2024 | 2 replies
I live in Ca, this property includes a liquor license.
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6 April 2024 | 5 replies
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?