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Updated over 5 years ago on . Most recent reply

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12
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3
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Brian Pfiel
  • New to Real Estate
  • Gainesville, GA
3
Votes |
12
Posts

One sale contract with two 911 addresses

Brian Pfiel
  • New to Real Estate
  • Gainesville, GA
Posted

Just joined and excited about all the potential knowledge gain here and of course the networking!

I have made an offer on a mountain property and was told by the agent that it has two 911 registered homes.

The sales contract shows both though having complications getting a mortgage on this.

I was wondering if anyone has wisdom on this and what other issues I might run into and future sale issues it may cause?

Also, if we do get this going i was told that planning and zoning can make them one address...?

Most Popular Reply

User Stats

12
Posts
3
Votes
Brian Pfiel
  • New to Real Estate
  • Gainesville, GA
3
Votes |
12
Posts
Brian Pfiel
  • New to Real Estate
  • Gainesville, GA
Replied

just in case someone is interested

We discussed with the seller putting it into two sales contracts, getting appraisal on one now with it hopefully making the price. And the other one will be a cash $10 deal. The price is 87k for two cabins. The cash deal will be around 1k in closing fees. This is still in the works as my first investment property! 

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