我的第一个白菜房

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.

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• Congratulations! -naive2- ♀ (0 bytes) () 04/23/2012 postreply 13:27:24

• Excellent. Does it have permits for the additions? -古石- ♂ (0 bytes) () 04/23/2012 postreply 14:13:02

• That's a good question. -handy2011- ♂ (721 bytes) () 04/23/2012 postreply 14:48:24

• Appraiser or the lender will compare with the public record. -古石- ♂ (564 bytes) () 04/23/2012 postreply 15:53:06

• I guess that I might have some issue to get the permit. -handy2011- ♂ (606 bytes) () 04/23/2012 postreply 16:13:12

• Window should face outside for emergency escaping purpose. -古石- ♂ (67 bytes) () 04/23/2012 postreply 16:23:30

• I see. How about this: ask appraiser to count as 3 bedrooms, -handy2011- ♂ (353 bytes) () 04/23/2012 postreply 16:29:55

• They need to draw diagram and take pictures. -古石- ♂ (210 bytes) () 04/23/2012 postreply 17:00:35