Jeremy H.
buying primary residence with addition that can be rented?
It is not a investment property, it is primary residence mortgage I want to apply for.When I looked at some houses with addition (permitted, not garage convert type) that has a separate entrance that could be rented ...
Julian Illingworth
PDX - existing SFH, build additional 3 units in back...?
Purchased a SFH in Portland Oregon zoned RH (multifamily) in January that sits on about half of a 3700 SF lot. The house was in poor condition, but did pass appraisal and qualify for a loan (after laying temp carpet ...
Matt Faix
Applicant asking to use child support as additional income
We have an applicant that wants to use her child support payments as additional income. Without it she does not meet the 3x rule, however with it she does. Her daughter is nearing 18, but she says it is good through h...
Matthew Hodge
Applying the 2% Rule to Improvements and Additional Items
I've got two questions, but they're related. First of all, how should we apply the 2% Rule, or another similar guideline, to improvements? Specifically, I've got a triplex that doesn't have central heat and air. The t...
Craig Norris
Second story addition flips: Who's doing them in Socal?
Hi all,I'm beginning a direct mail campaign in a desirable neighborhood in OC. Entry on a fixer (original build dates are 1950-1970) is somewhere between $700-800k. Sale price after rehab - including 2nd story additio...
Michelle Peavy
Looking To Fund Addition Of Rental Units On Property
I'm currently on 5 acres and am looking at ways to create value added investments opportunities to it. I would like to put 3 rental cottages/cabins on the property. I spoke to a mortgage broker and found out some ver...
Charles Hirst
Huntsville, AL: How to determine if additions are permitted?
I have a line on my first BRRRR purchase in Huntsville and have a question regarding permits for obvious additions. The house has obvious additions, some well done, some of dubious quality, and an additional garage s...
Jenny Samedy
Is landlord contract needed in addition to co-op's?
I am renting a co-op which already has a contract about the rules and regulations for the tenant to sign. Do I need to have a separate contract with the tenant? We already agreed on the price and deposit, is there any...
Robert Molloy
Bathroom Addition for 35k??? Are they asking too much?
Thanks for taking the time to read. First time dealing with a contractor. Just don't want to get taken. We're in Indiana BTW.Project: Adding 10x12x8 Master Bathroom to current 3 bed 1 bath 1600SqFt SFH. COST: $33,262...
Nicholas LaGatta
Permitting Un-permitted Addition, Architect or Engineer Sign Off?
Far be it from me to dabble in grey areas of real estate investing...but I've got a question for those investors and contractors more familiar with dealing with the city of Atlanta than I am. I purchased a property w...