Sarah Hill
Improvement Exchange to Pay Cash?
First time 1031 Exchange user. Hoping to do an improvement exchange. I've got $230K in equity from my relinquished property to spend. And a target property that I think I could get if I offer $160K cash. Is this all O...
Mitch Borgen
Whats the most important improvement to getting a high appraisal?
I have a refi coming up and I have some money left in the slush fund after a basic rehab. What should I spend a little extra on to make sure I get a high appraisal? Kitchen? decks? flooring? Bathrooms? additions?
David Lund
Noob Needs Advice: extra cash needed for closing costs?
Hello All,When looking at properties it's obviously to everyone, even myself, to calculate the cash I need for a down payment, but I assume I will need to save up even more cash for the closing costs? Is this a fair a...
Glen Fullerton
To permit or sell "As Is"
I have a home that I bought back in 2001. I am contemplating selling it, but there is an 1100 SF shop (garage) attached with a MIL apt above it (approx 950SF with kitchen, full bath and 3 other rooms) that has a separ...
Josh Corriveau
Feedback for Live-in Multi Analysis
Hi BP,I hope you're well. My wife and I are considering this fully renovated multi as a live-in option. The numbers do not seem as ideal as normal (either with the 1% rule or with the 12% cash-on-cash or >7% cap)...
Karen Ellis
Variances and Illegal Splits
We are considering making an offer on a bank owned property in Michigan, but there are potential issues. The lot is approximately 8 inches short of the minimum lot width requirements. In addition, the edge of the ho...
Ashly B.
What to do with partially finished, walk up attic?
Yesterday one of our tenants notified us she'd be moving mid-July. The unit is a large second floor 1 bedroom and is the only unit that has access to the attic. The attic has stairs going up and is approximately 500 s...
Gadiel Del Orbe
Dilemma with an ADU Conversion
I own a Duplex in Los Angeles and I want to convert the back storage unit into an ADU. I'm planning to demolish the storage and build the ADU from the ground up. The ADU is going to end up being 552 sqft and a one-bed...
Tee H.
Steps to take If i want to rent my home out
Hi, I have an FHA loan on our primary residence, and we have lived in the home for more than a year. We are moving and I want to rent our home out.What are things I NEED to make sure are completed before renting my ho...
Nate Davis
Starting out, and curious about protecting my assets
Hello,My wife and I are currently looking into real estate investing to create passive income. We are looking at long-term rentals of multi-family homes. We plan on using the FHA loan for the first purchase in order t...