1 May 2016 | 14 replies
What is slightly confusing is that these questions need to be asked of any property and the fact that this particular property is the product of a past 1031 exchange is irrelevant.Before you improve any part you will need to know applicable zoning and municipality specific governance regulations and any associated legal changes to configuration you will need to make to execute your plan.The fact that this was once a 1031 exchange only means that past basis has been carried forward and is apportioned specifically and these allocations may need to be carried forward if the property is improved and later sold at some point as a different configuration than was exchanged into.Whether the 1031 was into one or several parcels is irrelevant to your ability to improve, combine, or divide them.
26 April 2016 | 10 replies
Remember: The 1/1 configuration has a very limited appeal, aka not useful for families.
20 January 2020 | 20 replies
On those the configuration is such that the permitting & construction cost could be as low as $25k - $40k.
7 October 2019 | 5 replies
I purchased a property in Torrance with a 700 sqft “hobby room” that was configured (wall for bedroom, wall heater, bathroom, faux kitchen, new drywall and recessed lights, etc) as an apartment by previous owners.
17 June 2021 | 9 replies
Hi,currently e-mails can be configured per province only.
11 October 2019 | 4 replies
You could definitely run 1 outdoor unit, but you will need a few indoor units, depending on the apartment's configuration.
15 October 2019 | 5 replies
The configuration is all 2BR units and it's at 80% occupancy with an appraised value of $310,000.
17 October 2019 | 19 replies
You don't know for sure what you will be allowed to build there.What is the size configuration of your lot you are looking at?
16 October 2019 | 3 replies
Perhaps they are trying to re-configure something to their needs and wants.
29 October 2019 | 7 replies
The current configuration of two units that are roughly the same size, and one smaller unit, is apparently OK. • One of the ADU units must either be built to a high environmental standard OR must be reserved for low-income housing.