All Forum Posts by: Sarah Schopbach

Mark Grozen-Smith- Do you like the digital locks?

Yes, Tampa like Asheville is in high demand!  Thank you for your comment and advise.

Hello BP's,

We live in Asheville, NC and I wanted to see if there is anyone on here who has done recent ADUs on their property.  Did you decide to do a prefab or get a contractor?  What was the cost?  Has it been worth it?

Are you doing STR, MTR or LTR with it?

Thank you!

Got it! Yes, thank you!

@Erik Manley- Can you use layman's terms and tell me why we would do this part:

If not, then you can use a Homestyle loan, the 203k's conventional cousin. After the renovation, I would recommend getting a HELOC on it while you are living there, and you should be able to pull 90-100% LTV with a local credit union without paying any closing costs or for an appraisal. (At least that's how they go in CT).

LTV= loan-to-value

Just don't understand the logic of that part.  THANK YOU

My husband and I are wanting to rent out our current house and purchase another house and hopefully do a 203(k) loan on it since a lot of the houses in our area are fixer-uppers. From the reading I have been doing, it would make more sense to do a 203(k) loan and then we could use the VA COE for another property down the line.

The long-term goal is to have several LTR and some STR/MTR. I would love to get some land and build our own house (with an Airbnb) but without much cash reserves, this does NOT seem like the best option for now.

If you were just starting out with not much cash reserves (due to remodeling our current house) how would you navigate the next best steps?

Thank you!

Thank you, Ben Rhodin.

We would love to invest in Colorado, however, the market is a bit out of our price range at the moment.

Thanks for the information.  I just got the book, 30 day stay :)

Hello Bigger Pockets Crew,

My husband and I live in Asheville, NC.  But we are looking to do our first investment somewhere NOT as expensive as our current town.

Does anyone have experience in doing well in the MTR market focusing on hospitals to recruit nurses?