Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Off Topic
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 8 years ago on . Most recent reply

User Stats

73
Posts
6
Votes
Sherwin Vargas
  • Investor
  • pawtucket, RI
6
Votes |
73
Posts

should i move into a basement. looking for advice

Sherwin Vargas
  • Investor
  • pawtucket, RI
Posted

Hey guys I am an amateur real estate investor. I currently own one property multifamily property and am looking for advice on an idea I have.

I have been living in Boston( 5 minute drive to my job) 3 yrs paying this crazy Boston rent (1200 a month for a 1 bedroom in the hood). My pregnant girlfriends family own a home about 35 minutes away. They would let me fix up the basement and build a little apartment but not charge me any rent since I am paying to fix their basement and we would help pay some bills. I'm figuring we would spend 4k on materials 0 on labor. Uncle who owns a construnction company will be building and I am handy also

I am wondering if this is a good idea 

Loading replies...