Sung Park
Multiunits conversion from SFR
Question for BP lenders. What issues would I run into if I took out a fha or conventional loan to purchase a SFR but then immediately converted it to a MFR? Are there legal consequences to this from a lender perspective?
Jose Luis G.
First home to Investment property
Hi, I was wondering what happens after 1 year when you have a first home mortgage on your property and you want to convert to a rental property. Do you need to refinance the first home loan and take out a new loan for...
Pete Jimenez
Section 8 Question (Garage Conversion)
Hello BP, Looking to make an offer on a duplex, one side of the duplex has a 2 car attached garage. 1 of the garages has been converted to an additional bedroom and I would like to convert the second garage into an ad...
Adam Craig
How soon can I refinance a commercial building?
I am looking to purchase a historic house converted to a 4 unit office building right in great trendy downtown area - I would be converting it to 6 spaces and using one space for my own business. The price is 275K.
I...
Dante Ritchey
Multi-Family appraisal falling short
Hello everyone,My brother and I are in the middle of our first house hack in Massachusetts. We have the house under contract and everything has gone through except now we are stuck at the appraisal. It is a deeded two...
Lyle McCartee
Is transferring an LLC from Texas to Colorado, possible?
Greetings colleagues,Last year, I created an LLC in Austin, Texas. I never really got anything off the ground there with it, because I had a bunch of "fires" to put out personally and professionally. Fast forward one ...
Cole Britting
Question on Adding Bedrooms
Hi all!I have a question on adding bedrooms to a property. I am thinking about house hacking, and I would love to try and find a property where I can add a bedroom. If there is no opportunity for this in the main part...
Josie Kelley
House Hack Zoning
Hello all! I'm finally closed on the financing for my home renovations and I'm glancing at houses for my future househack. There are few small multifamily properties in Atlanta and surrounding areas so I will be lucky...
Daniel Fenn
Investing from an IRA
What firms are out there that allow you to invest in real estate from a self directed IRA?I have an existing Scottrade traditional IRA into which I had rolled over my 401(K) from previous employers for consolidation. ...
Tim Hoffman
Should I convert my traditional IRA into a Roth?
I used to have a "Real" job and contributed to my 401k as much as I could. When I quit and went into RE full time, I rolled over into a self directed IRA, NOT a Roth. (This was done to keep my income low as I contin...