Jonathan Rabot
Looking into a property w/an unpermitted ADU
Hello, First time home buyer looking into using the house hack strategy. Came across a property with an already built ADU but it is unpermitted. Wanted to find out thoughts of pros/cons of purchasing? and any insight ...
Gaurav Nandola
Buying a home with un-permitted room addition
Hello,I am trying to buy my 1st rental property. The numbers look good with a positive cash flow expected. However, it is a 1200 sq feet home, which was converted from 2 bed to 3 bedrooms without a permit. I am not su...
Kenan Heppe
Duplex Legal Description Question
Hey BP World!I have a duplex, which consists of two detached units, as well as a detached garage. On ZIMAS, though, one can see my property is zoned LAR1. However, it’s assessed as a multi-family (duplex). The main ho...
Joaquin K.
Seller Financing Multi-Family - Owner User & Cap Gains Concerns
I don't need advice on general numbers - I need input on structuring seller financed / creative financed deals. Below is a scenario. Please provide input and help me figure out how to structure a deal.My Current Sit...
Jimmy NA
Junk Car
I have been asking my tenants since Dec. 1st, 2007 to remove a car from the yard. Every week I ask again what their plan is. Each week I get a new answer: "my friend is taking the car", "my father is taking the car", ...
Dave Rav
Late fees during the pandemic
We are now 3-4 months into the COVID-19 crisis. Thankfully, all our tenants continue to pay rent. A few have been late. One in particular, has been provided an extended grace period at least 3 times during the past...
Wayne Bolen
Renting out second building on property?
We've been looking at some properties for some time now, and I've noticed occasionally that a house will have a second "apartment" on the property that's included with the sale. Often times these are fully furnished w...
Sabin Hinton
New Member from DC area
Hi, my name is Sabin Hinton and I am a first time investor, although I have rented out my property when I have been out of town.
Now I am about 24 hours away from signing a contract on a house in a transition neighbo...
Andy K
Unpermitted addition to home in Southern CA
Hi all,I wanted to ask folks on the forum some advice about an issue we found out today.We purchased a rental property in Riverside County in Southern CA in 2013. This was a foreclosure, so we never met the previous o...
Golan Corshidi
How Are ADU's Appraised
Hello all,I am looking at adding value to multi-family projects with ADU's but I was curious how the values of the ADU's are appraised. I'm sure comps may be lacking in certain areas. Do appraisers value ADU's equal t...