Michael Lemieux
Convert primary to rental & land trust(?)
We currently own just the house we live in. We have substantial equity in our current home. We were hoping to refinance our current house, pay off the existing mortgage and convert it to a rental. I was told tha...
Dee Xixi
Converting a SFR to a 3 family
HI all,
I have a single family under agreement. Before losing it to foreclosure, the former owner convert it to a three family. But the city has its listed as SFR W/IN-LAW. There is 3 baths, 3 kitchens, 3 exits and 7 ...
Rob Saunders
Converting duplex to condos - challenges with lenders?
Hi,We have a large duplex (2100+ sqft each unit) in a great in town location surrounded by large SFR. The size of the units isn't really reflected in it's rental value as most renters looking for this kind of sqft wan...
Ken Hui
Convert Gameroom to Bedroom in Plano, TX
I have a game room on the second floor. This game room has windows and closet and it looks like a bedroom without door.
I'm planning to add an interior wall and door to convert this game room to a formal bedroom.
...
Dan Turkel
Converting 3 bed to a 4 bed
I’m going to close next week on a property I’m planning to BRRRR. It’s currently a 3/1.5 in a neighborhood full of the same 3/1.5 houses. As you enter the house, you first walk into a living room. I’m considering buil...
John Strock
How to convert 401k to self directed?
I have some money in a Fidelity 401k (and still adding to it)...how can I convert to a self-directed account? Any recommendations on brokers that can help? I've called Fidelity customer support and was told they cou...
Marco G.
Tips/Pitfalls When Converting Personal to Rental
Searching for tips and pitfalls encountered when converting personal residence to a rental. When calculating cost for depreciation, what number do you use? Purchase price attributable to structure? Do you add in costs...
Kim Hud
Converting 650-800sqft Units into 2 bedrooms
Have 3 units that are currently one bedroom but I want to convert into two bedroom. Have you ever converted units these size into 2 bedroom? Unit 2: 700-750 sqftUnit 3: 750 - 800 sqftUnit 4: 650-700sqftIf so May you s...
Sam Park
Multifamily Zoning Home convert to a duplex
Hi, I am currently located in Fair Lawn, NJ.
My home is considered a Multifamily Zoning. We are a single family home, and I want to renovate my home, and turn it into a duplex. (First Project) Considering this is a ...
Mike B.
Tax Question - Converting Primary Home to Rental
My primary residence will be converted to a rental on April 14th and then remain an investment property. Currently, I'm living in the house and doing small repairs to get the house ready. We usually use the standard d...