I just closed on my investment property a 3 family I was considering converting my basement into a 1 bedroom apartment, but was wondering if there was any rules and regulation, also I don't see a downfall in this theo...
Hi all! I am looking to get my first deal in New Haven county, CT. I’m interested in a single family home that currently has 2 separate “studio” style apartments within the home. Does anyone have any experience with a...
My family has two properties, one a residential rental, just renovated, in seaside community. This property has two structures, a main house 3br/3b, and boathouse 3br/1b, sleeps 14. 240k mortgage, market value est $...
Hey everyone, Freddie Mac just came out with a CHOICERenovation loan. Any ideas how this differs from the 203k loan? Seems like both cater to those who need to finance rehab costs, but I imagine there is more to it th...
Good Day BP'ers!I am looking for some opinions on this deal that I am looking to go through with. Basically, the house I am looking to buy includes a separate lot in behind that fronts onto the parallel street. The ...
Currently have a rec room with COE on the second floor of our detached garage. There is a power line that is very close to the detached building. I've read about ADUs being denied permits due to LADWP easement rules. ...
I am planning on building an ADU on a duplex I recently purchased in Signal Hill. I am leaning towards converting an existing freestanding accessory dwelling by expanding it into an ADU, it already has electricity, wa...
Do you want to have ROM(Ballpark) numbers to help you evaluate multi-family renovation costs? Check out my renovation cost sheet below!
Disclaimer: These are just for ballpark; area, contractor, scale, and location w...
My lender emailed this out this morning. Seems like a great option for Chicago as the FHA self sufficiency rule all but eliminates Chicago priced 3/4 unit purchases. This loan will work same as Conventional terms mean...
I am currently acquiring about buying a cheap single family property with a FHA loan or 203k loan then converting it into a duplex or triplex.. I would live in one unit and rent other units out.My family has a owned ...