All Forum Posts by: Jin Zhang

 Thanks for sharing your insights with me! Do you mind me asking if you are investing in long, mid, or short term rental in the current market? 

 Thanks for sharing your view! It is great to learn that people are still investing. It makes sense! 

Hi everyone, 

I have been seeing a lot of discussions about the real estate trend in the coming two years. Due to the raising interest rate, the majority has been predicting that the real estate price is likely to drop in 2023 and 2024. The drop could be up to 20% in certain areas. I am wondering if people are still doing buy and hold? If we purchase a cash flowing property, the property value might drop 20% by the end of 2023 or 2024. This could mean fewer deals due to higher entry price. Should we just wait a bit for the price to drop a bit more? Are you still actively buying buy and hold deals? What is your view on this? Anything input is appreciated! 

Thanks,

Jin 

Hi everyone, I am a bit confused about the rules around single families. I am think to get a single family house and separate them into two units without significant structure changes. For example get a house with a livable basement meeting the requirements and separate them into two units with different entries and then rent to two families. Is this not legal? Would this get into problems with the city? From my research, this seems to be something being frown upon and might be a problem. However, for people who are househacking or sharing a house with multiple friends or renting out individual rooms, they have multiple families (although mostly one person household) living in a single family too. Is this okay? Or they are violating certain regulations too? Any input would be greatly appreciated! Thanks 

Jin

Hi everyone, 

I came across a zoning code: SF-10. According to the zoning department, this code means Accommodates single-family detached residential development at low densities (10,000 square-foot minimum lot size), as well as small-scale multi-family dwellings. Also allowed are complementary uses such as parks, open space, schools, and places of worship. Does this mean a single family with SF-10 could have two families live in it? Any insights would be greatly appreciated. Thanks! 

Best,

Jin 

  Hi Stephanie, Thank you for the detailed reply! This is very helpful. Really appreciate that you shared so much insights with me. Thanks!

Hi everyone, 

Anyone has experience with the cost of building an ADU in NC? What is the cost for a 800 sq ft and 1200 sq ft ADU? How about the price to convert a two car garage? Any input would be greatly appreciated. Thanks!

Best,

Jin 

 That is very expensive fine. Thanks for pointing out! Definitely not a fun situation to run into. I heard people doing in North Caroline. I guess they are doing it illegally then or maybe it has a different rule there.