All Forum Posts by: Brian Mehrhoff

Thank you Erik Browning. 

Does anyone have a lead on companies that rent out single family homes? I'm wanting to rent/lease my rental property to sober living or other group housing. I'm not wanting to be the house mom that stays on location and deals with day in day out activities. I'm hoping to rent to a company that handles those aspects. I've heard podcast from Pace Morby and others that talk about it, but the actual details are vague.  Any information is greatly appreciated.  Thanks

I plan to develop and build in stages. Let the sales fund next stage of development. I already own the property. Think if I proceed in stages I can start the project for about $400k. I’m getting a budget together now with quotes from contractors and suppliers. This would be my first commercial development. 

I'm wanting to develop some land and build some of these units. Not sure how to structure company. Would I need to set up a separate company for HOA purposes to maintain common property. I see the need and demand. I own property that is situated close to several key amenities and is hwy frontage. I will need to rezone it as it is currently residential. But I believe that will be pretty painless. I suppose that's my first step.

There is a huge demand for large rv/boat storage at the Lake of the Ozarks. Several developers are building large 25x50 storage bays. Insulated, electric and rough in for water and sewer. These are marketed as man cave, she sheds...  The units are being sold individually but are part of a larger building on a parcel of property with several building. My understanding is they are sold like condos and have a hoa to take care of outside of building and property. My question, how would I go about setting this up? Does anyone have any experience with something like this? 

My mother in law is on fixed income, which is falling short. She has offered to put me on the deed of her house and asked if I can help supplement her monthly income. She currently has a mortgage, but has decent equity in the house. There is some deferred maintenance that needs to be done, roof and some updating. I'm self employed and my tax returns don't show that I make much income after deductions... I would like to take care of the deferred maintenance and refinance the house or at least access the equity. I'm not sure if it would just be a new loan if I added onto it. also unsure how my low income shown on tax returns will effect the loan. I assume first step is to record the deed with everyone on it at the county recorders office. Any advise or direction would be appreciated.

I'm looking for some guidance. I've been leasing a property (small farm) with the intention to purchase. The owner has been difficult to deal with as her situation keeps changing and its been hard to work out the terms of the purchase. Its been so hard that I never signed a lease because we couldn't come to terms on the sale, which she tried to combine the lease with option to purchase. So over a year into it now. There was an electrical fire that burnt the house. The owners insurance wants a signed lease. I'm not sure I'm comfortable signing a back dated lease. Unsure of exposure of liabilities... I want to still purchase said property as I see value there. The asking price was $320k. Insurance assessed damages at 100k, so I was going to make my offer to her at $220k, she keeps insurance money, I purchase as is, and have her finance. Am I missing anything here? Any pitfalls or huge red flags I'm not seeing?

Thanks for your time

Btw the name of the webinar is, "The advanced guide to analyzing an investment property".

Wayne Brooks, I understand what your saying. But I question if that's a regional "rule". Brandon's first BiggerPockets webinar is about a 5plex that 1 unit was decommissioned so it was a 4 plex to make selling it more accessible to a larger non commercial market.

I am looking at a 5 plex that is for sale. It has one unit that is livable the other 4 need to be gutted. Currently 2 units downstairs have no windows in the bedrooms. (These are 2 bed 1 bath units). So my thought is technically those 2 units don't have bedrooms. So essentially this is a triplex until that's remedied. If it's a 4plex or smaller I could potentially utilize a va or FDA loan for this property. Anyone have thoughts on this? Does this plan have merit or is this foolishness?