Taylor Chiu
Difference between 203k loan and new CHOICERenovation product?
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...
Tyler Veres
Extra! Extra! Lot!
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 ...
Phillip Kim
Converting 2nd floor rec room to ADU
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. ...
Austin N.
Have experience building an ADU in Signal Hill or Long Beach?
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...
Ian Checketts
Renovation Cost Sheet BALLPARK
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...
Henry Lazerow
New conventional loan options for 5% down house hacking 2-4 units!
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...
Stephen Wiater
Converting a single family into a multifamily property
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 ...
Loren Buchanan
Impact of permitting illegal ADU/MIL Units on Resale price?
Hey All-I'm wondering if anyone has any insight on permitting an illegal ADU/MIL unit and its impact on the resale value of the home. Looking at a place that has a very nice ADU but needs some work in order to make i...
Amad Osman
Converting a single family into a duplex
Hey Everyone, I was wondering if there are any legal considerations or permits needed to convert a single family house into a duplex by converting the basement into a separate unit? I'm sure this a common thing for ...
Katrina Razavi
Experience turning an SFR into a duplex?
Hi BP Friends,Still debating on a SFR in SF, zoning is R2. I'm wondering if it would be possible to turn this into a duplex? And if so, is that the same things as a "condo conversion." I'm a little confused on if that...