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Updated about 3 years ago on . Most recent reply

User Stats

14
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2
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Deborah McLeod
  • Rental Property Investor
  • Michigan
2
Votes |
14
Posts

Bought a house to add 3 more units for Airbnb to my portfolio

Deborah McLeod
  • Rental Property Investor
  • Michigan
Posted

I am in the process of separating the house into 3 units. My realtor found me a heck of a house for easy dividing up into 3 units. I will have 2 one-bedroom suites and 1 two-bedroom suite. All will have a kitchen. Hoping to continue my prior success by spending more to be only a few steps from main street. Here's hoping!

Most Popular Reply

User Stats

14
Posts
2
Votes
Deborah McLeod
  • Rental Property Investor
  • Michigan
2
Votes |
14
Posts
Deborah McLeod
  • Rental Property Investor
  • Michigan
Replied
Quote from @Drew Sygit:

Sorry to hear about your city ordeal. Royal Oak is NOT fun to negotiate with these days:( Now twenty years ago it was waaay different.

How did you turn a small bungalow into 3 units?


 The house happened to lend itself well to dividing it.  If you imagine a hallway down the middle of the first floor separates two beds and a bath from a kitchen/living room/and staircase to upstairs/two beds up and 1 bathroom up. So 1st unit would be front of the house plus the upstairs 2 bedrooms and bathroom.  2nd unit would be the hallway, 2 bedrooms and bathroom on the back of the house on the first floor.  Would have to create a door to close off the opening from the living room to hallway of course. Then 1 bedroom was converted to a kitchenette/living room, so basically a one king bedroom, bathroom and kitchenette/living room with a french door to a deck.  The basement had a side door to it that also went up two stairs to the front of the house. So installed door and closed off kitchen entrance so side door is forced to enter into the basement only. Basement is a studio with a fireplace (electric), a beautiful full kitchen with island with dishwasher, king bed area with walking closet (space stolen from the mechanical room), huge bathroom with custom tile and glass shower and heated floors in all 3 bathrooms in the house. 

Now the doors are not installed between the three spaces, the 2nd bedroom on the first floor has the kitchenette removed, still walks out to the deck through french doors, but it's a queen bedroom now, the huge 3 space parking lot and turn around in the backyard was already poured, so parking won't be a problem if a wedding party or something books the house. 


Of course, my concern is how to rent a 5 bedroom, 3 bathroom, finished basement house and not have parties tearing it up. YIKES.

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