Joe Jor
In-law Suite - Westchester NY
Does anyone know how Westchester County defines an in-law suite? Is this a legal description or just a marketing term? What separates this from a "regular" unit? There is surprisingly little detail on the internet ...
Oliver Salmon
The "In Law" Law Change in NH
Hello All,I was wondering if anyone has thoughts/opinions on the new accessory dwelling unit law in New Hampshire (RSA 674:71 through RSA 674:73) and its implications on renting in NH? Specifically, the law include...
Aneesh Nainani
Land Trust - JADU owner occupancy
I am building a single family home along with an ADU and a Junior ADU (JADU) in Castro Valley, CA and the county wants to impose a deed restriction which will require owner occupancy of the JADU/Main Dwelling Unit (MD...
Missy Orr
Short-term rentals - seeking advice to get started
Hi BP community,
I just purchased a duplex in New Orleans and am considering short-term rentals for one of the units. I welcome any/all advice on this strategy.
Thank you -
Missy
Bryan Cavellier
SFH to Multi Legalities
I am curious about legalities in what I am thinking of doing. Is it possible to make a SFH into a multifamily (2 units). Theoretically I would buy a SFH with some type of mother in law suite or finished basement that...
Katie Stroman
How do lenders differentiate between multi family and single fam
Looking to buy my first property and will have my parents as non-occupying co-signers (I will be occupying the home though). Looking at the Home Ready program through Fannie Mae. I understand when having non-occupying...
Tim Jones
Why so few Multi-Families in North Denver?
Hello. I'm a new member to BP living in south Denver, but grew up in Arvada. I've been house hacking for nearly 5 years, which has provided a very small positive CF each month. For my next investment I am interested i...
Harry McNamara
Is anyone still offering 5% down for owner occupied multifamily?
Hello BP lender community!I am an agent in the Hudson Valley area. I currently have a client who is in contract on a very interesting multi use property, and we're running up against this issue with more than one lend...
Kerry Drake
LLC holding primary residence?
I recently started a wholly owned LLC to perform fix and flips initially, with the idea of transitioning to buy and hold as the cash reserves allow. Is there any tax incentive, or disincentive, to transferring my ...
Neil Quinn
Building new worth it? Duplex alternatives if too expensive?
I'm in the DC area, where multi-family units/duplexes/etc are basically non-existent, or command insane prices.
If you were going to consider building instead, here are some questions:1. Would it be silly to consider...