Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Multi-Family and Apartment Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 6 years ago on . Most recent reply

User Stats

7
Posts
1
Votes
Jay Wargo
  • Investor
  • Fort Collins, CO
1
Votes |
7
Posts

Attempting to Purchase FSBO Duplex in Burlington VT

Jay Wargo
  • Investor
  • Fort Collins, CO
Posted

Hey everyone! First meaningful post here so I figure I'll make it a good one. My better half and I are potentially moving to Burlington VT sometime before June when she starts classes and I'm leaning heavily on doing an owner occupied duplex. I found a FSBO, put an offer on it and had it accepted, but now we are facing some hurdles and I'm trying to get some clarification on whether or not a specific fire inspection is required by the state of Vermont for any change of ownership on a multi family property.

I think what happened is that the codes have changed since the seller has owned the property and now there are multiple changes that neither of us where aware of that need to happen in order for the property to get a C.O. with a new owner. It might even be the case that he has to make these changes regardless due to insurance and/or legal reasons. Don't know for sure.

If anyone has any general or specific advice, I'd love to hear it! I figure an owner occupied duplex (or even triplex if I can swing the price tag) is going to be the ticket as we can live in it for the next 3 years and rent the whole thing when she finishes up the grad program.

Thanks!

J

Most Popular Reply

User Stats

15
Posts
7
Votes
Jake Marin
  • Rental Property Investor
  • Burlington, VT
7
Votes |
15
Posts
Jake Marin
  • Rental Property Investor
  • Burlington, VT
Replied

Hi Jay. The City of Burlington requires an annual inspection for all rentals. This inspection includes a wide variety of health and safety checks. There should be a list of requirements on the Code Enforcement site. If you can’t find it, you could contact them and ask to have the list sent to you. As part of that inspection, they do look at fire safety including such items as hard wired smokes/CO and a heating equipment inspection. 

A cool new program that that just instituted rewards getting everything done before that come to inspect. If you have 0 infractions, they will grant 5 years of inspection-free bliss. 

I’m pretty sure they will only need to inpect the unit you are renting out but I would recommend updating the whole building as you will need to get it inspected once you move out if you continue to hold and rent your unit. 

Good luck!

Loading replies...