Just signed the purchase agreement for a bank owned property for price of $100k. The house has taxable value of $219k, $176.5k on Zillow estimate. Previous owner converted the SFH into 3 units, with 2 units completed, left some work to finish for the 3rd unit. I'm budgeting $10k to $20k for the completion of the project. It seems a good cash flow from this rental property once it's ready.
我的第一個白菜房
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Congratulations!
-naive2-
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04/23/2012 postreply
13:27:24
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Excellent. Does it have permits for the additions?
-古石-
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04/23/2012 postreply
14:13:02
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That's a good question.
-handy2011-
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04/23/2012 postreply
14:48:24
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Appraiser or the lender will compare with the public record.
-古石-
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04/23/2012 postreply
15:53:06
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I guess that I might have some issue to get the permit.
-handy2011-
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04/23/2012 postreply
16:13:12
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Window should face outside for emergency escaping purpose.
-古石-
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04/23/2012 postreply
16:23:30
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I see. How about this: ask appraiser to count as 3 bedrooms,
-handy2011-
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04/23/2012 postreply
16:29:55
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They need to draw diagram and take pictures.
-古石-
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04/23/2012 postreply
17:00:35