How long do I need to wait after purchase to convert my second home into a rental property?I bought a condo in Southern California and now I have to return back home to Northern California as our office is opening bac...
Can you convert mixed-use and/or commercial properties into all apartments without rezoning?
Hello everyone,Stupid question.Newbie here, I think I got myself in a pickle. I currently have my first home cosigned with a parent. Its a detached 3 bed 2 bath bungalow in Calgary, Alberta. Long story short: they liv...
Do I need a permit to do so? And if so, is it ok to do the conversion while waiting for the permit to be approved? It is a simple change and the room already has 2 egress and all I need is a closet.
Hello! I'am looking at a 32 unit assisted living facility to convert into multifamily rentals. The units themselves have a great layout with in unit W/D hookups. The only issue I'am having is trying to figure out what...
Hi everyone! I purchased a second home 3 months out of state to be able to visit my parents more. However, we are currently thinking it's better to move them to California to live with me. What are my options if I don...
I live in my current hosue more than 2 years. If I convert my house to rental property and sell it within 3 years, do I have to pay some capital gain?
Hello everyone, so I found an off-market 7 Unit apartment building (seller financing) in the greater Lansing area in Michigan that is set up in a way that appears it can be converted into 8 units fairly easily. There ...
Hi All, newbie seeking opinions or views. I recently came across some land in GA that is an abandoned MHP with 11 spaces. The land has RR tracks on one side which make me doubt trying to reestablish a HMP. There is...
Hey all!
I'm planning on taking the dive (kind of) into my first real estate property, and I just had a question regarding general mortgage rules.
In short I acquired my primary residence in 2015 and have been l...