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I’ve heard that a garage is the most valuable addition to build however this doesn’t add livable square footage to the house. Although living space could be added above the garage.What do you think the most valuable...
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Working on a 203k loan to renovate detached garage into MIL. Current rate = 2.89, new rate would be 4%. Cash flow will increase once construction is complete. Cherry on top though is this loan will qualify me for a 25...
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Are there special tax brackets for vacation rentals? For example if you do AirBnB, do you pay higher income taxes for a vacation rental because it’s considered self-employment mini-hotel business? And also, if it’s a ...
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I am wondering what input everyone had on ADU's. What are the benefits? Complications? How would utilities work for this? I want to hear it all...
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I was wondering if anyone has been successful "upselling" rental income by offering extras to boost monthly rent. I'm thinking things like extra $ for optional wash/dryer, stainless frig, security alarm, even a flats...
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Hello, looking to learn from those that have done a garage conversion recently. I’m located in Southern California and curious to know what is the average cost to do this? Is this usually funded by a home equity loan ...
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Hello all,
Thanks in advance for any replies.
I have one full-time person who helps me in managing my business. I also have a part-time maintenance person. I have been thinking of hiring the part-time person full-ti...
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Given the low interest rates, we are looking to do a streamline FHA and take our rate from a 3.625% to a 2.75%, saving $108/month.
However, the principal on the loan would increase by $4800. Is this common for the...
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My primary residence is a second floor 2bd/2ba unit and directly across from it (on the other side of the staircase landing), is a 10x13 bonus room with two windows and a closet. I haven't measured the windows to see ...
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Hello fellow BP'ers, does anyone here have direct experience in converting a Basement of a 2 flat into a Legal Apartment? In the condo boom I noticed a lot of basements being converted into condo's so I would imagine ...