All Forum Posts by: Azeez K.

Hi @Chuck Patel there is not enough information to provide a meaningful answer. You need to check the current zoning of the property and see if its low density zoning, high density zoning and based on that you can figure out your next move. In situation like this its better to completely demo it as sometimes it not worth rehabbing a property with multiple issues and it would be better if you can do a new build based on whatever the zoning allows. Good luck and much success.

Hi @D

Hi @David Robertson

I don't think the city would allow two duplex and ADUs development like the way you are describing in the image above. The city does not allow more than 2 dwellings per lot but I am very curious if this is something the city would allow. Lately, city has been more flexible for high density zoning. However, this would be putting 2 attached units in front and 2 attached units at the back so don't think that would fly but if it does that would be fantastic. I would start by speaking with someone in the zoning department. I built an ADU where the front house was technically a Triplex and back house was an ADU but the ADU couldn't be more than X% of the total area of the main house. Here is a post https://www.biggerpockets.com/forums/44/topics/1080563-build... that shows some before after

I am super curious and would be interested to hear on your findings. I have the zoning department email if you want and they are pretty quick to respond. However, it would be best to talk to someone in Zoning. Good Luck and much success.

Hi @Ruchit Patel

i have done several projects in West End. It frankly depends on location and several other factors for example Historic West End would be a better buy. There are so many other factors to consider as well lot size, zoning, quality of construction, deferred maintenance etc.

I highly doubt the property will cash flow at the current price point with the current rates. Having a potential for a basement unit is good but converting it to actual unit will take time/ money. You always want to buy based on strong fundamentals as you make money when you buy right not with the hopes of appreciation as that is not a real strategy. 

Feel free to reach out If you have any questions 

@Joe Stafford lets connect I will send you a DM

Hi @Rabin Bista

Welcome to the BP Family. You have come to the right place. You may want to check out the meetups section of BP https://www.biggerpockets.com/forums/521

I am based in Atlanta, Georgia so if your travel plans bring you to Atlanta be sure to hit me up. Good luck and much success. Thanks Azeez 

Hi @Katie Williams

No need to feel stupid. Its part of REI business so get used to it

Below are the steps in the image. You are on step 5 of 10.

Highlevel your tenant can either respond to the Dispossessory notice in which case you will have a court hearing. If he/she doesn't respond then you proceed with Writ of Possession and then an eviction. Steps are listed below as such not elaborating. Good luck hit me up if you have any questions I am in Atlanta.  

Hi @Rahul Srivastava

1. Easiest way is to see what other units in your condominium have rented for and how many days they were on the market. You can use Zillow or just DM me and I will send recent rentals in your condominium from MLS

2. Its an easy exercise based on seeing comparables. Another trick you can use is publish an add for rental on Zillow/Craigslist at 3 different price points - High/Medium/Low. You can then gauge how many calls you get at different price points and that would tell you the demand. 

Hit me up here on BP and I can provide data for Atlanta easily - no strings attached. Happy to steer you in the right direction. Good luck
 

HI @

@Ryan Duffy you are correct on the tax portion as I misinterpreted the original question or I was not thinking along the same lines. You are correct on offsetting non passive losses using STR and depreciation. Again I am no tax expert but there are some good ones on BP tagging @Ashish Acharya who is a pro on everything taxes and is a great resource in all REI taxes and strategies. It may be worthwhile to connect w him as he is wealth of knowledge in this area.