Skip to content
×
PRO
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
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. 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.
Chicago Real Estate Forum
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 4 years ago,

User Stats

8
Posts
3
Votes
Cameron Burnett
3
Votes |
8
Posts

Advice on First Househack (Currently under Contract)

Cameron Burnett
Posted

Good Morning Everyone, 

After many months in analysis paralysis I have finally decided to pull the trigger on my first Househack. Everything is great as we just got done with the property inspector yesterday, only one thing concerns me in terms of renting the "Bottom Unit" out. 

1. Background - this property is located in the Tri Taylor Area and was built as a single family home with the basement converted to its own inlaw unit with a full bath and kitchen. The past owners state they had no problem renting out "basement unit" as it came with a parking spot, in unit washer and dryer. The unit is set up to be completely independent with their own entry to apartment.  After the inspection i have two concerns.

1. There is only one "legal" eggress for the rentable unit, which is the front door. So i would have to either pay for another egress, which would move than likely have to be in the living room area of the unit, which i imagine would like tacky. 

2. The bottom unit doesn't have it's own independent hvac system so AC and Heat is shared with the first floor of the property. I occupy the first and second floor. I have been thinking my solution with this would be to just give them control of the temperature and try and offset it with the temperature from the second floor if i find myself uncomfortable. 


I guess my biggest question is, does anyone have nay experience with a single family home converted to a two units / a makeshift basement inlaw? 

Loading replies...