Located on a gorgeous corner lot, it makes dividing the usage much easier.

I was a former trader on Wall Street and now work at a property tech startup.

Also, if there is not HOA in the community, am I allowed to make modifications on the house in the process of changing it to multi-family?

Not an expert on this but it appears YES this would be subject to UBIT and a good amount (70%).

As it was my first opportunity to get some skin in the game, I jumped on the deal and we agreed on a 5 year ballon (4% rate, amortized at 15 yrs).

Hey @Nico TerrusoWe're running Motived Seller FB ads.Generally, we're seeing great results with clients who work on their branding and authority building in the local market.

@Emmanuel Okelola Welcome and congrats on taking the beginning steps, asking for help is hard to do for so many.

There is a great group of members on here to connect with.

I came across BiggerPockets on Podcast and have not looked back since.

I would offer 90% of the market value. if he sells it you with no agents he is saving 6%~ on real estate agent commission and the other 4% is a convenience fee in that he dos not have to endure showings etc. and you will get better pricing on a non-owner occupied property if you put down 25% is compared to 20%.