Matthew Trotter
Convert first home to rental property
I have a question where I'm not sure of the legality. Looking for your helpful advice.Here is the plan: I purchase my first home for $100k. I use $10k from my Roth IRA as part of a $25k downpayment as a first-time hom...
Vu Nguyen
Convert garage to living room + kitchen
Hello BP family, I'm in the process of closing my house in NE Tacoma, WA. The house has 2bd+1bth on the upper level, and 2bd+.75bth on the lower level. We're planning to convert the 2 cars garages into a living room a...
Sam Green
Converting your empire into a REIT
I was just thinking about something. What would it take to convert your properties into a REIT? Seems like a cool idea to me. Turn your empire public - sell shares - get financing to grow. Although you lose in som...
Charles Aiello
2 family converted to single family
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $125,000
Cash invested: $25,000
Sale price: $230,000
Bought the property about 4 years ago, originally i...
Felicia Richardson
Converting a Duplex to a Quad
Hi all! Has anyone had success turning a duplex into a quad? Currently I have a mortgaged Duplex. I've been told that I can turn it into a four unit if the city allows it.
I'm in Atlanta and currently my place is zo...
Sebastian E.
Converting SFH to Multi in Baltimore
Hello Baltimore BP folks,It was a pleasure meeting some of you at Account Closed lunch on Friday. I learned a bunch in that hour and a half. For those who are thinking about investing it is a great way to meet folks f...
Arjun Prakash
First Primary Residence converted to Rental
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $325,000
Cash invested: $150,000
This was our first primary home and was converted to rental after living in it for...
Srinath Gopinathan
Converting personal investment property to LLC
Hi Folks,I bought a property in Harrisburg, PA about a few months back with a conventional loan on my name.I would want to transfer the property to my single member LLC. Reached out to an attorney. He mentions that it...
Lethorn Irving II
Converting 7 Units into 8 Units
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 ...
Arjun Prakash
First Primary Residence converted to Rental
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $325,000
Cash invested: $150,000
What made you interested in investing in this type of deal?
This was ou...