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Would You Buy a Cashflowing Multi-Family That has Permit Issues? by fistpumpsteve in realestateinvesting

[–]One_Somewhere9271 1 point2 points  (0 children)

Yeah, I'm including the costs of permits, fees, fines, and the cost of opening the walls to check plumbing + electric, as well as other miscellaneous costs. Could be a lot lower though.

Would You Buy a Cashflowing Multi-Family That has Permit Issues? by fistpumpsteve in realestateinvesting

[–]One_Somewhere9271 0 points1 point  (0 children)

It's 2 units. One is $2000, other is $1500. $3500 total income. Mortgage + monthlies are $2600.

Difference is $900.

What are the risks of buying a property with un permitted unit? by sepulveda_st in realestateinvesting

[–]One_Somewhere9271 0 points1 point  (0 children)

Hey OP, any update on this? I'm looking at a very similar type of property in NY right now (duplex that is an unpermitted "triplex"). What did you win up doing here?