All Forum Posts by: Chris Hoffmann

Do you usually include the Radon testing in your home inspections? I was quoted an additional $70 to have it done. At first glance seems like it's worth having done and if it is detected negotiating it out with the seller. Thoughts?

Hey all I am planning to attend.

I am still looking for my first point of entry into real estate.  I recently was at contract on a duplex in Suffolk county that we pulled out of the deal on.  Interesting story which I look forward to sharing.

Since then I have been analyzing deals in Nassau, Suffolk, Newark, and Pa.  Ready to make a move on something individually or potentially partner up.  

I look forward to meeting up and discussing with like minded people.

Seth thanks for the response.

It looks like getting the proper CofO is not going to happen.

Most likely at this stage planning to walk away from the deal.  

Once again thank you for info.

Marc thanks for the info.  I am pretty confident that the seller will not be able to obtain the CofO for a 2 family In this particular town.  It looks like It I will have to walk away from this deal.  thnks again for the info 

Hi BP,

First time posting. I am currently at contract for a 2 family. The house is set up as a two over two.

Tenants currently in place and would like to stay.

Property cash flows nicely and the rents are below market value so there is a value add play there as well.

Anyway the title report came back and the property is listed as a single family home and also is CO'd this way.

However the property was advertised as a legal two family and the town assessor is currently taxing the property as a two family.

Two separate meters as well.

Everyone involved including my attorney, agent, etc seem to not have the answers for me.

There are no rental permits on the property either which are required in this town.

Seems to be a lot of mixed information that has me considering to pull out of the deal.

Anyone have any experience with this?

Co'd as a single family

Assessor and being taxed as a two family

Two meters

Currently rented with two separate tenants

Any advice greatly appreciated.

Thank you

Hi BP, First time posting. I am currently at contract for a 2 family. The house it set up as a two over two. Tenants currently in place and would like to stay. Property cash flows nicely and the rents are below market value so there is a value add play there as well. Anyway the title report came back and the property is listed as a single family home and also is CO'd this way. However the property was advertised as a legal two family and the town assessor is currently taxing the property as a two family. Two separate meters as well. Everyone involved including my attorney, agent, etc seem to not have the answers for me. There are no rental permits on the property either which are required in this town. Seems to be a lot of mixed information that has me considering to pull out of the deal. Anyone have any experience with this? Co'd as a single family Assessor and being taxed as a two family Two meters Currently rented with two separate tenants Any advice greatly appreciated. Thank you