All Forum Posts by: Luis Felix

 My dad is selling one of his two properties in the Phinney Ridge District of Seattle. I have tried to talk him out of it, but that’s a whole other topic.  My question is, can my dad add a second unit to his single-family home? It has a Unfinished basement. And what would the permits cost? 

@Carl Fischer 

Thanks for replying Carl, I didn’t know that anybody could put a mortgage on a property. That sounds like a solid way to protect my investment. 

Hello B.P.er’s, 

This is my first time loaning a large amount of money, and I would like everything to go a smooth as possible. I have an agreement with my Dad that I’ll receive 10% return on my investment upon the sale of the house. It seems very straight forward and simple. I assume I can find a template online and fill in the blanks. So my question is, is it this simple? And does anybody have any advise.