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Updated over 4 years ago,

User Stats

10
Posts
3
Votes
Joe DeClue
  • Rental Property Investor
  • Paso Robles, CA
3
Votes |
10
Posts

Do you still buy a rental that has secondary egress issue?

Joe DeClue
  • Rental Property Investor
  • Paso Robles, CA
Posted

Looking to close on a deal that we just found out has 2 bedrooms in the basement and 1 has no secondary egress. Numbers look good - 24% ROI and $400/mo cash flow. What are the liability issues of having a non conforming bedroom? Section 8 tenant is already in place and section 8 has approved the house as a 4 bedroom. Would you still go forward with the deal?

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