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
General Landlording & Rental Properties
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 10 years ago on . Most recent reply

User Stats

68
Posts
18
Votes
Michael Bettencourt
  • Investor
  • Highland Park, IL
18
Votes |
68
Posts

Granny flat

Michael Bettencourt
  • Investor
  • Highland Park, IL
Posted

I have an sfr in with a  above ground basement( homes on a hillside) that I've been dying to build out into a granny flat or guest house and rent out. The long time tenants are all for it and even have a renter in mind.

The issue: code allows for a granny flat but it can't be a primary residence ie. I couldn't rent it which defeats the purpose.

The question: I've always been a risk taker but is this just dumb? What are the potential concerns, are there anyways to avoid them, and any other suggestion on the matter would be much appreciated!

Most Popular Reply

User Stats

664
Posts
231
Votes
Bruce May
  • Lender
  • San Diego, CA
231
Votes |
664
Posts
Bruce May
  • Lender
  • San Diego, CA
Replied

Thanks @Curtis Bidwell I thought that was the case. 

And @Michael Bettencourt best of luck with your project.

Loading replies...