All Forum Posts by: Adam Tafel

I don't see why you'd need a separate document, adding a clause like the one you've suggested should be just fine. 

Absolutely ! Send me a PM and I'll keep you in the loop. 

We are expanding our team in 2021 and could definitely use a hand! Shoot me a PM.  

Just about any duplex can cashflow as a househack - you just have to want it bad enough! Get some roommates, Airbnb, rent rooms, rent the garage... Our market doesn't typically support "living for free" if you want 1/2 the place to yourself, but I've seen it done countless times. 

It's referenced in an executive order from March, "Combatting Price Gouging During the COVID-19 Peacetime Emergency". It's possible that this order is no longer law, but we were taking it into consideration this summer. 

It's not letting me post it, I'll shoot you a dm

The governor's order included a rent-increase cap, I believe it's 20% so it shouldn't affect your plans. Are they good tenants? If so I'd be gentle at first, the last thing you want this winter is vacancy. If they are mo/mo you could add $100 or so immediately, make sure to reference rental data and perhaps your plans to make improvements to the building in your notice. Come springtime you could put your tenants on a 2-3 year plan to get up to market, or just rip the bandaid and do it at once. $720 to $1100 is a pretty major jump, so be prepared to find new tenants. 

I've been in that one, overpriced in my opinion. It's smart to vacate a single unit before listing, but 2 vacant units is certainly not the norm. Spend a little more and offer on 71 Isabell for 470k, 4plex in a great west-side neighborhood. 

As for SSP in general, I've seen some great 6 bed duplexes in the 300k ballpark, 60s-70s builds. If you can find one of those in a decent area I'd say buy it. 

@Dain Herrala welcome to BP! My second househack was a SF in St. Paul, worked out great. Have your agent shoot video tours when you're on the road, you can write offers contingent on viewing the property. 

Avoid investing in an auto-parts store and you'll be ok !