Andy Savin
Queens, NY - Converting 2 Family to 3 Family
Hello, I was looking to convert a B9- two family home into a CO-walkup (3 family) in queens. My neighbor had done his conversion in early 2000’s but he no longer lives there anymore. The home was built in 1925 and has...
Tyler Neison
Converting STR to LTR complications after cost seg
Hello, While I am in the process of finding a new CPA thought I would pose this question here and hope someone has been in the situation in the past. I am planning to buy another SFH property this year to run as a STR...
Dirk Smithson
Converting a living room to a bed room
Theoreticly would it be a bad move to take a basement living area and convert it to a bedroom? the homme in question has 4 bedrooms and 2 living rooms.My plan is to add a door and a closet. makint it a 5 bedroom home....
Menalik Archer
Business Credit converted to Cash for Down Payment
I have 23k in business credit that I want to use for a down payment on an investment property. I have some cash as well. I've been following this other popular investor on Youtube and this is the method he uses to acq...
Max Goossens
Converting a single family home to multi family
Does anybody know of any resources that review the strategy and process of converting a single family home in a neighborhood zoned for multi family to a multifamily home? Resources including books, forums, podcasts an...
Dennis Gallof
Possible to Convert Illegal Cellar to Legal Apartment?
Hi,
My
father purchased this 2-family house (R5 Zone) back in 1976 in Astoria Queens,
and just like many other landlords in NYC he rents out the
cellar/basement.
I've been reading
online the definition betwe...
Esther Thomas
Non deductible IRA -> converted to Self Directed Roth?
Hi, I don't even know if this is possible.
I do not qualify for a Roth IRA or a deductible IRA.
I believe I can open up a non deductible IRA and convert it over to a Roth and there is no income requirem...
Keith A.
2 bedroom SFH converted to 3 bedroom risks
I see many older SFH 2 bedroom houses that have been converted to 3 bedroom houses eliminating the garage in most cases to do the conversion. So they end up going from a 2/2 or 2/1 to a 3/2 or 3/1.
Is there a risk t...
Emma S.
Converting a Solo 401k to a Roth 401k
Hi,
I recently set up a sole proprietorship & transferred a Rollover IRA into a Solo 401k. Now I want to convert it into a Roth 401k so it will be tax free at retirement.
Questions:
1) Is it ...
Rick Wiedenhoeft
Long term rental converted to Mid-term rental
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $234,000
Cash invested: $60,000
SFR we had a LT tenant and are converting to MTR right now for availability 9/1/23....