Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 7 years ago,
Evaluating Homes with Extra Non-Permitted Rooms
Hi Everyone. Im Fairly new at investing in Real Estate. I have one deal im about to close. I have a question. Alot of the properties Im looking at are converted home (Example: 1bed/1bath converted to a 3bed/1Bath) WITHOUT PERMITS. How Do you evaluate these types of homes when flipping? Do you determine ARV by looking at 3bedroom Homes? Do you work on getting these extra rooms permitted? I appreciate your help so that I can make better educated offers. Thanks