Hello everyone,I'm exploring an opportunity to convert a duplex into a quadplex and would greatly appreciate your insights or experiences in similar ventures.Background:Purchased a duplex in Roosevelt, UT for $210k, invested $20k+ in renovations.Currently valued at ~$275k with a mortgage of $197k.Planning to leverage the equity for a new project in Bear Lake, facing a housing crunch.Proposed Project:Partnering with my grandparents, who have $300k cash and a half-acre lot.Aim to build a quadplex, estimated cost: $1,000,000; ARV: $1,200,000.My contribution: $50k cash, project management, and labor (potential savings of $150-200k).Financial Breakdown:Total initial investment: $450k ($300k from grandparents, $50k from me).Required loan: $450-500k for construction.Post-construction plan: Either buy out grandparents or rent units for 2-3 years, offering them 5-8% annual return.

That and the potential sloping of the yard outside sometimes needs re graded to help stop any water from getting in.

BiggerPockets has helped me tremendously with respect to:- growing my local, regional and nationwide network- learning about different markets and strategies- finding potential partners and dealsI know you'll get a ton of value from BP as well!

Hello,My wife and I found a home we like on www.hudhomestore.gov that seems like a good deal at face value for a potential flip or long term rental, but we have never purchased a home from them and wanted to find out the pros and cons of these types of deals.

If there’s any investors, experienced wholesalers, or anyone that can help me out to potentially closing my first deal that would be great!.

The potential tenants for a furnished rental also likely want all the trappings of a home, including kitchenware items.We run a few midterm furnished rentals in Denver and Colorado Springs, and they're all people who want a fully-ready home.

There is also a strong networking of Private Money Lenders at these type of events, which do make building that potential network of funding possible, too.

I don’t worry about tenants getting upset and leaving because I have a waiting list of potential tenant’s.

coming to BP as a broker to ask about a potential lender is not really going to get anyone anywhere as most members dont really know the back end of the HML business and how it all works.

Additionally, alternative approaches for portfolio growth include partnering with other investors, exploring alternative asset classes like REITs or crowdfunding, and focusing on value-add properties with potential for improvement.