Originally Posted By: FishPrince
Seems like building one adult family home of 8-16 units would set a guy up for life with minimal risk. You could even pay somebody else to do the $hit work (literally), and live in one of the units yourself as the "property manager." The banks would be more comfortable loaning the money that was as it's "owner occupied" but you'd of course need collateral and sufficient income.


Owner occupied equals 51% of total building space, and I wouldn't want to live over or next to that just to meet a loan condition. Live/work buildings sound like a neat option, except when you try to find comps. If bought in a partnership, selling a minority share is a problem. Even selling a majority share is a problem. Not so bad if you are a sole owner, but then again, where are the comps to justify what you want to ask? (Plunder stage, aka exit strategy)
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