Brian L.
Just purchased multi-family w/ tenant & want to move into one unit and eventually remodel...
The plan is to turn the present 4 small residential units into 2 larger ones. The 4 units are currently tenant occupied. Most of the tenants are month-to-month but the place is rent controlled. One of the tenant's is ...
Himan Baroi
Himan from sterling Virginia
Himan from Loudoun county in Virginia. I have bought my first house in 2010 while working in bank. at the time was just for primary residential home. bought my 2nd home in August 2016. the first house i have bought c...
Richard Zhang
Tax treatment for lending to my LLC to purchase a rental
I took a personal loan of $100K at 5% and lend it for my LLC to purchase a rental. I plan to charge my LLC 6% interest rate.1. Is there any benefit to write up the loan as a mortgage vs a regular business loan?2. When...
Marwan Marzagao
Looking to buy a PM company
I am looking at the possibility to buy a PM company with 250 properties. Personally I currently own/operate thirty. I want to know what to expect, time needed and potential hurdles I will face and a good way to valu...
Byron Bohlsen
4br to 3br to add master bath
I realize it can be location specific but in general do you guys know if it increases the value of the house to take a 4 bedroom house and convert it to a 3 bedroom house to add a master bath and walk in closet where ...
Trevor Bingham
Adding a basement apartment in Smithfield
I bought a house in October of 2020. My family and I still live there but rarely use the basement. I would like to convert it into a small apartment that could generate some cash flow. It has a bathroom, an office are...
Ian Duffy
House hacking with 3.5% FHA. Used mine, how do I get my 2nd house hack?
Hey BP members,So this last year I purchased my first SFH to house hack. This home came equipped with an above-the-garage addition (600sqft) the flippers added on (permitted). It is a bedroom with a back/private stair...
Marc S.
Questions for a CPA, or someone who had a similar situation
Quick question,So I own a condo which is currently being rented out and is under my name. I recently created a LLC company, and plan on purchasing more properties to hold under the LLC. My condo currently has all of i...
Wei C.
Trying to get a HELOC for my 2 family home without Full Apprasial
Hi all,I am not sure if this type lender exists. I have a 2 family property in Queens NYC and I'm trying to get a HELOC.Only issue is my basement is a converted illegal unit. I was told that this would be an issue on ...
Jason Kotar
New blog - Setting False Expectations
One of the key elements in the home buying process is the buyer obtaining a mortgage pre-approval letter from a lender. Today, many prospective homebuyers go online to a website of a lender or real estate professional...