All Forum Posts by: Luis Ortiz

I'm considering ltr. They are about 500sqft each. Both will have separate entrance , kitchenette and private bathrooms. Basically a studio apartment .

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Quote from @Taylor Dasch:

What would you be converting them into? An Additional bedroom? Are you using the property as a STR or LTR? If its a LTR you shouldnt need to furnish the property. If it is a STR then you should. I hope I understand your question correctly. Also, be sure you do your research about the garage conversion, a lot of tenants enjoy having a garage and it can be a costly addition for a disappointing return in some markets. If you are talking about separating the garage and making it another unit, then do a STR out of the garage conversion, I think that could be a good idea if the LTR tenants are okay with it and the property will allow plenty of space for parking.

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Recently purchased a home after a divorce, with the potential of 2 conversions. The easy one is the formal living room and the second is a garage conversion. Just wondering If is best to furnish them or not? any other advice is greatly appreciated.

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approved for 350K but multifamily is 499K. I was under the impression that the other units that I would not be occupying but renting could be consider as income.

1 Vote

Tampa, Florida

@Jonathan Greene

Thanks for ur time and wisdom

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Tampa, Florida

THINKG ABOUT INVESTING A MULTIFAMILY BUT IT HAD A SINKHOLE. SELLER SAID ITS BEEN REMEDIATE. I KNOW IT WOULDNT RESELL WELL BUT IT CAN DEFINITELY CASH FLOW. WOULD THE SINKHOLE AFFECT APPRAISAL VALUE, IF I WANTED TO DO A BRRR?

1 Vote

Tampa, Florida

All Forum Posts by: Luis Ortiz

Luis Ortiz has started 3 posts and replied 7 times.

Post: ADU TO FURNISH OR NOT TO FURNISH

Post: ADU TO FURNISH OR NOT TO FURNISH

Post: ADU TO FURNISH OR NOT TO FURNISH

Post: ADU TO FURNISH OR NOT TO FURNISH

Post: trying to buy a multifamily

Post: THINKG ABOUT INVESTING A MULTIFAMILY

Post: THINKG ABOUT INVESTING A MULTIFAMILY