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Updated over 4 years ago,

Serena Tillman's profile image
Serena Tillman's profile image
Serena Tillman
  • Rental Property Investor
  • from Jersey City, New Jersey
  • Member since Mar 7, 2020
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User Stats

36
Posts
14
Votes
Serena Tillman's profile image
Serena Tillman's profile image
Serena Tillman
  • Rental Property Investor
  • from Jersey City, New Jersey
  • Member since Mar 7, 2020
Connect
Serena Tillman
  • Rental Property Investor
  • Jersey City, NJ
14
Votes |
36
Posts
Tax, SDIRAs & Cost Segregation

Under Contract on Property with ADU with no permit

Serena Tillman
  • Rental Property Investor
  • Jersey City, NJ
Posted

Hi all, my husband and I are under contract on a property in Montclair, NJ that has a 2-BR unit in the backyard that is currently being rented for $1800 a month but was denied a zoned permit in 1950. Any idea what the process would be for getting it legally zoned? What would it cost? Is it worth it, or do we continue to rent out the unit without making things official?

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