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Updated over 1 year ago on . Most recent reply

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Peter Brown
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35
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1 house 2 lots swimming pool straddling both lots

Peter Brown
Posted

There is a house being wholesaled and it conveys with two lots.  My idea is to buy the property, resell the house on the first lot at a small profit, while keeping the second lot to build and flip a house later.  The only complication is the owner of the property built a swimming pool right on the line between the two lots.  Is there anyway to create a shared use of the pool for both the houses?  Or is this a totally crazy idea?  

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35
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Peter Brown
10
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Peter Brown
Replied
Quote from @Celia Lumbroso:

@Peter Brown

Hi Peter- given this specific scenario I think in the long run it will cause issues if you're planning to sell both houses to primary home owners. 

If the houses are to be used for short term rentals (6 months or less) or as a  Air BNB rental then I think you could manage a work-around.  Depends what type of client you're trying to target. 

Right. I guess another possibility would be to demo the pool so that there's no encroachment at all. 

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