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Updated over 3 years ago on . Most recent reply
No permit remodel -- Cashout Refinance denied ?
Hi Everyone,
so I am going to buy a property in all cash but the properties garage was remodeled into an Airbnb unit without city permit. Can I get denied for a cashout refinance or delayed finance because of not having a permit for the remodel ?
Anyone has experience with this kind of issue ?
Thanks
Michael
Most Popular Reply
Bjorn Ahlblad
#5 Multi-Family and Apartment Investing Contributor
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#5 Multi-Family and Apartment Investing Contributor
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- Shelton, WA
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Bjorn Ahlblad
#5 Multi-Family and Apartment Investing Contributor
Pro Member
#5 Multi-Family and Apartment Investing Contributor
- Investor
- Shelton, WA
Depending on where it is and if the County, City etc has inspections or license requirements you may not even be able to rent.