Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Real Estate 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 almost 8 years ago on . Most recent reply

User Stats

25
Posts
15
Votes
Sonu W.
  • Developer
  • Miami, FL
15
Votes |
25
Posts

Single Family w/ Illegal Units

Sonu W.
  • Developer
  • Miami, FL
Posted

Hello everyone - just learned of BiggerPockets recently and have been addicted to all the information on this website ever since.  So glad to be around.

To the point of this thread:

My realtor has proposed me a triplex property that has amazing cashflow.  It brings in ~$6,000 in rent, with ~$1,500-$2,000 in cash flow after all expenses including mortgage.

The problem is (and the reason why I think the asking price is low) is that the house is legally just a single family.  I'm not sure what to look for to see if the property can be legalized as a multi-family, and am a little nervous in moving forward with this otherwise amazing deal.

Anyone have any thoughts or suggestions?

Thanks everyone

Most Popular Reply

User Stats

55
Posts
13
Votes
Thomas N.
  • Investor
  • Nassau, NY
13
Votes |
55
Posts
Thomas N.
  • Investor
  • Nassau, NY
Replied

You can confirm if it's a legal multi-family by going to the Nassau County Land recorder site and looking up the address.  

Loading replies...