Nicholas LaGatta
Retiree (Not Me Yet) with Paid Off House Wants to Finance an ADU
Hi BP,I have a retired neighbor in an in-town historic Atlanta neighborhood that's paid off his house and now he's looking to finance building an Accessory Dwelling Unit (ADU) that he can rent out for supplemental inc...
Chloe Do
How to Fairly Split Profits in Our Real Estate Partnership (w/ our parents)?
Hi all!
We're diving into our real estate partnership and could use your insights. A few months back, we acquired a property, gave it a makeover, and it's now rented. The next big move on our agenda? Constructing an ...
James Carlson
ADU income can now count toward loan qualification
Hey all prospective house hackers! Some big news last month.Lenders can now count income from an accessory dwelling unit (ADU) toward your loan qualification, according to an announcement from the federal housing auth...
Brian L.
Remodel question on Buy & Hold
I own a 2-story mixed-use brick building that I'm currently remodeling. One of the upstairs units has walls with inconsistent and unsightly plaster/concrete covering the brick. My contractor has advised that it would...
Jae Smith
Sell and make $200k profit or rehab and rent for $8400
SCENERIO:
Purchased an investment property in NY for $110k. 3200 sqft, 1600 sq ft basement, 3br 3bth w/ 1br 1bth legal accessory apt. The home needs about $175k-$200k in reno. ARV: $500K+
Once renovated my plans are...
Joe Procopio
Turning a SFH into a legal Duplex
Hi Everyone!
I'm seeking advice on how difficult it may be to convert a SFH with an ADU (accessory dwelling unit) into a legal Duplex. I'm sure this process varies by state, city etc. but figured I would take a crack...
Jerry Stevenson
Austin Texas Market
Has anyone had success recently in the Austin Texas market? If so what strategies did you use to invest? I’m just starting out (looking to buy my first investment property this year) and I have found Austin is a tough...
Denis Dineen
Converting Garage During Covid-19
I have a property in Daly City, less then 5 minutes from SF, which is currently being rented out by a family upstairs and has recently been vacated in the separated downstairs garage area, which currently has a permit...
Audrelyn Grace
HOLD & KEEP with ADU
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $545,000
Cash invested: $120,000
Sale price: $545,000
This lovely home was acquired by a seller in distress who...
Thomas Taylor III
SFR w/ Basement or Duplex?
Hello All, My friend and his wife just got married, and are looking for their first home. They would like to buy a duplex, but we have ran into some issues as I have helped them look in the Salt Lake City area. Dup...