Chuck Walker
Construction loans converted to conventional mortgage loans
I had an investor share with me today that he uses a construction loan to purchase and rehab his properties and then converts these to a conventional mortgage. He stated he can get the construction loan for 20% down a...
Natalie Allen
Converting back to triplex. Kitchen Rehab cost
I’m looking at a house that was previously a triplex. The family took out 2 kitchens & used them as extra bedrooms. How much should I estimate to add in two kitchens? This would be in Louisville, KY (west end) ...
Kyle Doney
One Car Garage Converted to Living Space
I have a house I'm closing on next week that the owner converted the garage into a man cave type of deal. They put in a window and framed in the one car garage door (looks fine). Its carpeted, drywalled, electric, but...
Mike Flora
Riverside permits/SFR convert to Multi family
Have a deal I'm working on with a seller where he has 4 small units on his lot. Property listed as an SFR and not multi family. Owner stated since units were built before 1960 permits were not needed because permits d...
Chris Lawrence
Private Loan converted to a Conventional Mortgage
I have a hypothetical question: Say you purchase a duplex for 100k using private money and after repairs/maintenance (10k on top of 100k) over 2 years its worth 150k. Can you use that equity of 40k for closing costs?
Will Lee
Converting House Hacked Primary Residence into Rental
Hi Bigger Pockets family! Thank you all for any input in advance as I have been soaking up information these past few months. I have house hacked my primary home in Orange County, California for the last 5 years. I ...
Sean McDonald
SFR to to duplex by converting basement.
Has anyone converted an SFR to a duplex by converting the basement to an apartment? I’m interested in doing this but wonder if it’s worth it. I’ll run the numbers to see if my return would be worth the investment, but...
Fenilkumar Patel
Converting Residential property to commercial property ideas
HelloThere is a residential property that is a few acres with a tiny home on-site that we are interested in buying. Just trying to brainstorm to see what can we do with the lot.Does someone have any experience or any ...
Daniel Scruggs
Are sprinkler systems required for converted duplex?
Hi BP Family, I'm currently working on a project in Philadelphia and in process of getting drawings on converting a single family into a duplex (RM-1) and having trouble getting clarification on sprinkler systems and ...
David Bunyea
Converting Residence to Rental & Schedule E
Hello, last year I became a landlord in large part due to the Bigger Pockets Podcast. I moved into a new house and rented out the house that had been my primary residence prior to the move. Now that it's tax season I ...