Jake Faris
Converting multi-family STR/LTR to commercial motel/hotel - Pros and Cons
Hi all - I have a 3-unit multi-family property (3 bed 3 bath, 3 bed 3 bath, and studio) with an unfinished basement and an attached 2-car garage that I plan to remodel soon. The unfinished basement is 900 sf and the g...
Liz Ridgway
Searching for CPA experienced with Florida Condo Invest Props
Hello BP!I am in search of a CPA to guide me in tax strategies for my only investment property which is a condo in Orlando, FL. I am willing to work virtually. - I reside in DFW, Texas- I tellecommute for a business...
Karim Shah
Duplex to a SFH
Hi, i'm wondering what would be the procedure to convert a multi family (duplex) to a single famiy house? Has anyone done this?
Diane G.
Can you convert from commercial use to residential in SF?
I am looking at a 4 unit small MFH in San Francisco, it is relatively speaking "priced well"... The prob with the property is that the ground floor is a commercial space that is currently vacant and I can see why it i...
Wayne Yahnke
1st AirBNB with BRRRR ADU is a hit
Hey BP Crew,
Just wanted to share our most recent success. We purchased a commercial property that was a residential home converted to 2 commercial units and an ADU. Essentially a duplex with an ADU. Closed in May 20...
Bienes Raices
HVAC issues in garage conversion house?
I'm considering making an offer on a house (for a rental).
The house used to have a one car garage. One of the previous owners decided to open up part of the adjacent living room wall to enlarge the living room into ...
Tony Hightower
401K Roth conversion .... Solo option
I currently have a 401k with my employer with a mid 100's balance. I also have the ability, self employment, to open a solo401k with the intention of eventually rolling over my employer balance if I retire or forced t...
Daren Wang
Apartment Building Portfolio
Hi Biggerpockets, need some clarification on the following topic. Is it possible to buy an apartment building portfolio, and sell a few of units to individual (not create a CO-OP style sale), which the individual d...
Ross Bowman
STR House Hack - do these numbers make sense?
Greetings friends! Wondering if I could get a sanity check on this. Here's what I'm looking at:- Currently purchasing a primary residence, closing soon- There is a detached garage which can be converted to a living sp...
Skip Reath
Valuing property held in 401k
Have a question regarding valuing property held in my 401k plan. In speaking to my 3rd party administrator regarding converting some of my 401k to the Roth election and paying the taxes they said I would need to get...