Purchase price: $40,000 Cash invested: $15,000 Contributors: Maria Talasz Buy, Renovate, Rent by the Room, Refinance (coming soon)...This BRRRR deal was inspired by the 2023 Bigger Pockets Real Estate conference in Miami after seeing David Greene repeat so many great points about house hacking.

Purchase price: $40,000 Cash invested: $15,000 Contributors: Maria Talasz Buy, Renovate, Rent by the Room, Refinance (coming soon)...This BRRRR deal was inspired by the 2023 Bigger Pockets Real Estate conference in Miami after seeing David Greene repeat so many great points about house hacking.

We have purchased a larger home and made two full dwelling spaces; a kitchen on the main with 4 bedrooms and a kitchen in the basement with 2 full bedrooms. 

I now come to find out that this is not the case, and it only has one gas meter and one water meter shared between both units.My question is, since this is an as-is purchase, do I have any recourse in this situation?

as Update to this post from 6 years ago, there are heloc's on owner occupied 2-4 unit properties up to 89.90% CLTV or combined loan to values (meaning multiple loans but all together not exceeding 90% of the value).Terms typically areinterest only first 10 years and drawable from the lineyears 11-30 its Principal and interest payment Prime index/rate + margin (this portion is fixed but prime is not)underwriting is done assume prime + margin + 2% stress test for underwriting meaning if your prime + margin was 10% then your underwriting rate used to determine your maximum line you can qualify for would be 12% rate as an example based on principal and interest payment over 30 years or 360 monthsIncome is the main determinant of your qualification and fico min 680+ is just the min score to get through the "front door,"Maximum DTI or debt to income allowed is 45% DTIMaximum lines on this product go from 500-750k so you can get a decent line size that can actually buy other BRRR's or fix flips and deals.

Purchase price: $40,000 Cash invested: $15,000 Contributors: Maria Talasz Buy, Renovate, Rent by the Room, Refinance (coming soon)...This BRRRR deal was inspired by the 2023 Bigger Pockets Real Estate conference in Miami after seeing David Greene repeat so many great points about house hacking.

Purchase price: $350,000 Cash invested: $250,000 Sale price: $850,000 This rare corner property located in the coveted Havertown neighborhood had my investors running to get a chance to secure this beauty.

(On both the buy/sell commissions and 6% of rent collected vs 8% on the newly purchased property.)They’ve got marketing down, they’ve got the pictures and the contacts. 

Of course cash would be the best scenario and in my opinion if you have a large portfolio you really need to look at each of the assets to make that determination.

Purchase price: $62,000 Sale price: $86,000 Contributors: Peter Vekselman Partner Driven, in collaboration with Jason Baker, successfully completed a quick sale on Ashe Park Rd, Jefferson, NC 28640.