All Forum Posts by: Martin Vehlow

Work with your attorney to include in the contract that one of the units must be vacant at closing. 

@Samer Abbas, have you considered house hacking? If done correctly it can reduce your living expenses by reducing or eliminating your rent payment because the other tenants in the multi-unit pay the mortgage and expenses, leaving very little or none leftover for you to pay. Then you could use that increase in available cash to save up more quickly. 

More info here: 

https://www.biggerpockets.com/blog/6-house-hacking-strategies-you

Not from your area but welcome! You're in the right place, so much free great education here!

Welcome to BP! Not familiar with Houghton, but love vacationing in the UP!

There's this: https://www.usps.com/business/every-door-direct-mail.htm

I would talk to your attorney to be certain, but one option could be to do a quit claim deed to the title. I'm sure there are others, but I would fully understand all your options before doing any of them. 

It's hard to know, could be local sales comps dragging it down, a change in facts that Zillow has about the property (like number of bedrooms, bathrooms, change in square footage, etc), change in valuation by the assessor, or something else. This is a great example of why Zestimate's are not worth much, it's all automated and Zillow can only know so much about a property. 

Don't place too much value on this "estimate", true value is largely determined by sold comps (in the single family space) and supply/demand.

Hmm, there are definitely people doing multifamily (apartments). There are lots of people here with different preferences (SFR, multifamily (2-4 unit), multifamily (5+ units), land, short-term rentals, mobile home parks, & commercial.

Here's a little more info:

https://www.biggerpockets.com/forums/48/topics/519994-what-should-i-focus-on-sfr-vs-mfr

https://www.biggerpockets.com/forums/12/topics/600764-starting-with-sfr-vs-small-multifamily-vs-small-commercial

I'm sure there are many more threads discussing the differences but hopefully this gives you some insight!
  

If I understand the situation correctly, you want to sublease an apartment that you are the primary lessee on. You do not own the apartment, correct?

Usually when you purchase a property through an agent, they get paid a commission by the seller of the property. I would reach out to him and tell him your goals and your concern regarding compensation and just have a conversation about it. Welcome to BP!