All Forum Posts by: Bhagya Saha

Thanks for all the responses. The reason for going into SFH to duplex conversion is to generate more income to make positive cashflow rental properties. Currently around Tacoma area, I am hardly finding any SFH with positive cashflow which is expected. We are searching for properties which is already approved for 2 family/multi family zoning and relying on agent/GC to determine the permit, rehab cost so that it make sense to buy any property in terms of the numbers. For example, our thinking was buy $450k property, spend $60-90k in conversion and generate $3500-$4000 in rentals so that there is positive cashflow.

Would you recommend any other strategy in Tacoma,Puyallup, Auburn  area for positive cashflow? We are not looking for turnkey properties but some value add.

This will be our first investment property and we are looking for a property which can be converted into duplex from a single family home. Should we find an agent first, who can help us identify these properties and can get us these properties in competitive market or should we start looking into these properties with a general contractor who can help us figure out how much work/flipping cost will be required?