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Updated over 3 years ago on . Most recent reply

Michael Thach's profile image
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Michael Thach
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Michael Thach's profile image
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Michael Thach
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Michael Thach
93
Votes |
144
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General Landlording & Rental Properties

No permit remodel -- Cashout Refinance denied ?

Michael Thach
Posted

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

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Bjorn Ahlblad
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Bjorn Ahlblad
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Bjorn Ahlblad
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Depending on where it is and if the County, City etc has inspections or license requirements you may not even be able to rent.

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