These transactions can require a bit more planning as buyer(s) have a tight timeline to execute.

Because they do not require the builder to break ground and poor foundation its quick and easy.

Each investment required 50k minimum.

To find recently sold multifamily properties, you can utilize MLS listings, real estate data platforms like Reonomy or PropStream (subscriptions required), public records, and networking with industry professionals.

It is case-by-case and requires a thorough discussion with a tax pro.

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.

Any changes would require another legal document. 

So, if my 1BR unit requires me to allow up to 3 persons (which would be quite crowded in that little room, but I suppose a couple and their infant could sleep in one bed), in reality I can see a couple with a teenager (3 persons) leasing it and then putting the teenager into the non-BR "bedroom" and I get in trouble for "allowing it". 

He said it’s their requirement.

How many months of seasoning is required before rental income can be used to offset mortgage debt on the property when qualifying for a separate mortgage?