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I purchased a 4plex in late 2018 in Ohio. The property appraised as a 4plex and I got a Fannie 30-year fixed mortgage with no issues. Credit and income are no problem at all. Purchase price was $80k. I am trying to re...
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Hi all,I'm analyzing small multifamily properties in the Orono/Old Town Maine markets. Does anyone know a good resource for a reliable estimate of water/sewer/heat in this area? This varies on square footage obviously...
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Hi BP Community- I’m looking at a deal in Hesperia, CA. It’s a duplex separated in the middle by a 2 car garage and a one car garage (both are enclosed, this is one continuous structure). I want to covert both garage...
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A few weeks ago, I shook hands with a motivated seller-slumlord and visited a D-class property. He was actually in the middle of moving in a new tenant (with no teeth and probably no credit score). I tallied up: a gut...
I currently own a home with my wife in Orlando, Fl. It’s our first property financed through FHA under her name. We are looking to upgrade and buy a second home as our primary residence and convert the first home into...
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We are in negotiation on a 2 flat in Chicagoland and are really nervous! I have a few questions for the community. Thanks in advance for your help! - The first floor unit is duplex down but the Cook county assessor's...
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Your thoughts and input. Please and thank you.I live in Woodstock, Georgia. There’s a five bed three bath single-family house that can be converted into an up down duplex. In addition there is a large two car garage. ...
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Hi All,We have tenants whose lease has transformed into a month to month lease after initially being a 6-month lease. We have a verbal agreement that they will go month to month while home shopping but convert back in...
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So I just learned in California you can now build up to 3 units on a single lot. Thoughts?
http://www.ocregister.com/the-...
Up to to units can be added no more than 1200 sq ft or 50% of the primary. Cannot be so...
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Hello BP community! First off, thank you all for contributing and helping keep this dynamic resource alive! This community has really made REI appear more approachable and less intimidating. Since finding BP a few wee...