All Forum Posts by: Christian B.

@Christopher Phillips

Wow great insight. Thank you.

Hello BP Community, 

I have been learning a lot through podcasts, audio books and of course BP forums. I have been analyzing different markets and running different ideas in my head when it comes to Real Estate Investing. When I am looking at listings and I see a "Huge" Sqft number for the current low bed/bath obviously it catches my interest for force appreciation technique. But, I have started to notice a trend which sparked a question I cant find the answer for. 

What is the difference between Sqft and Sqft Lot?

In doing some research I found that the main difference is Sqft is the Sqft inside the home. Compared to Sqft Lot is the entirety of the land the property is located on. (Please correct me if this is bad information I have come across.) 

Which leads me to my next question, in-which I will list an example below:

Multi-Family Home (Duplex) (1bd/1bth) per unit
1295 Sqft / 5227 Sqft Lot
Yr. 1980

Which leaves me to question:
Wouldn't it be possible to expand?
Why was a 1295 Sqft built on a 5227 Sqft Lot? 
Are there building restrictions I dont know of?

Sincerely,
Christian Burns

@Stephen Brown @Kevin Dean @Lien Vuong  @Elia S. Thanks for the advice! Taken all into consideration and it has been helping a lot!

Hello, I have read over multi- family / Duplex /Triplex / Quadplex owning for about three months now. But, that is how far I have gotten. I’ve learned some of the finances involved but still learning as I go. The plan is to start college next year but investing into a quadplex near my college. I spent most my time overseas the last five years and haven’t own much property and not as smart on the paper side of the real estate process. This type of investing has always interested me and I have been looking for some type of guidance since.

I guess the question is, if I were to pursue this avenue what would you suggest I learn before starting?

I.E. Should I go for a real estate license?

Notes:

-I do have some money to play with for down payment on loan.

-I plan to live in one of the units while in school.

-I read about some of the finances on the ownership side but i’m not an expert.

-I know a few of the acronyms used in this field please bear with me if Im confused.