All Forum Posts by: Brandon V.

@Account Closed

Well it's been about 9 months now....Alexander I'm interested in what happened here can you give us the details?

Thanks everyone.  After talking with the zoning department it appears that the window would make it due to the size and design of it but what the real issue was for the zoning department was the livable space that @Michael Karl brought up.  Since the ceiling slopes off drastically I would only have about 4 feet that would be considered livable for the width so the only option really would be to raise the roof which would cost more than I have in rehab. 

Brandon

Thank you for all the replies and tips!

The roof has recently been replaced within the last 3 years and looks fine.  I am doing this long term.  I'm just planning on have a bedroom up there, so I think I should be fine. 

Yes I figured I would need to put in a call to the zoning department just to make sure everything is covered. 

Thanks again!

Hi Everyone,

I'm looking at buying a Single Family House and converting the attic into another bedroom and have a couple questions:

1.  The attic has two exits, the stair leading to it and window right next to the stairs.  The window is 24" by 48".  Would this be acceptable to code?  

2.  As it is an attic, I'm not sure if it could support a bull bedroom?  Who would I need to contact do make sure that the support would be sufficient enough to hold everything.  Does anyone have a contact for Milwaukee, WI?

3.  The attic slopes down fairly quickly but in the middle has an 8 foot clearance.  Would this be an issue at all? 

Thanks!

Brandon

Hi All,

I'm a new investor from Milwaukee, WI and have been on BP for about a month now. After Brandon's latest webinar, along with reading the blog, podcast, and other webinars I really want to take some Action.  My ultimate plan is to buy enough buy and holds to have $10,000/month in cashflow.  Here's my current situation:

I just bought a condo in July in downtown Milwaukee that is a 2 bedroom, 2 bath.  I plan on renting out the other bedroom for $800 a month and use that other bedroom as a "house hack."  It is in an ideal location and I can probably rent the entire thing out in the future. 

Right now as it stands my pretax income per month is $4,583 and the condo costs $1,300 a month and I have $250 in student loans, leaving my Debt-to-Income ratio pretty small. I have about 20K in Cash and 20K in a ROTH IRA account and I'm planning on saving about $700 a month from my job.

I've been looking around the Milwaukee area at several different houses and multifamily units and I'm wondering with my situation I should go for a single family or jump straight into the multifamilies.  The multifamilies though do run around 200k which might be a stretch to get the financing and down payment. 

Any recommendations, advice, or thoughts on how I should go forward?