All Forum Posts by: Paolo Steffen

Thank you for your recommendations, I appreciate it! 

Last September I purchased my first investment property and currently have tenants in the home. The home was listed as a 2 bedroom 1 bath but it actually has 3 bedrooms and 2 bathrooms. The house has an unpermitted addition on it which includes that extra room and bathroom. I would like to somehow have that addition looked at and possibly get permitted so I could add value to the home legally. My question is, what first steps should I take in making this happen? Should I go directly to the city and inform them of the addition? Should I send out a general contractor to inspect the addition? Any advice on this is greatly appreciated, thank you.

Yeah, that makes sense. Thank you for taking the time to reply.

Due to Covid-19, the company I work for had to shut down and I have been furloughed as a result. I have been with the company for two years and have purchased a property in 2019 no problem. I am constantly looking for my second deal and originally planned on getting a loan with a bank or hard money lender but now that I am furloughed, will anyone dare risk lending to me? Do I have any options right now? I have no idea when this will all end. My job is waiting for me once we reopen the state. Should I just stop analyzing deals for the time being? I have a little in savings but not much. Will definitely need a loan for my next deal. Any help is appreciated.