Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/hospitable-deef083b895516ce26951b0ca48cf8f170861d742d4a4cb6cf5d19396b5eaac6.png)
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Updated about 9 years ago on . Most recent reply
![Darrel Maxam's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/452734/1621477301-avatar-darrelm.jpg?twic=v1/output=image/cover=128x128&v=2)
Potential duplex
I currently am purchasing a 3/2 that has been completely renovated. In the 80s it was a duplex. The city records still has it as a duplex. Here is the kicker! This current 1 level ranch sits on a basement that was once the additional apartment. the investor abandoned the project due to lack of cash flow. I am buying this property to convert it into an Airbnb. Since the basement is unfinished currently I foresee putting in 25k. The top unit will bring in 2700 monthly and the bottom will net 2250 based on the lowest occupancy rates. I got these figures because the home is in the same area as my first home where I make better monthly returns.
My question is that can I turn the basement back to a duplex?
If I am not allowed to by the city , there is a better reward than the risk (even with a hefty fine).
Once the basement is converted to a 3/1 can I then resell in a couple years as a 6/3?