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Bret Habura
  • Accountant
  • Chicago, IL
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Concerned about Bedroom Above Bathroom

Bret Habura
  • Accountant
  • Chicago, IL
Posted Aug 26 2019, 14:23

Hi All,

I'm looking to make an offer on my first investment property and recently came across a potential deal to fix & flip or BRRRR. It's a 3 bed/2 bath but I have a couple concerns.

  1. The 2nd bathroom is in the basement and has no door. While it functions, it's not a legal bathroom.
  2. The 3rd bedroom is above the bathroom on the main floor. It can ONLY be accessed by walking through the bathroom.

Has anyone encountered something like this before? I think after fixing the place up I could rent it for 1200-1500/month but am concerned that with this bedroom my rental pool (and buyer pool) will be greatly diminished. Here is a link to the property:

https://www.zillow.com/homedetails/2047-Lafayette-Ave-NE-Grand-Rapids-MI-49505/23795146_zpid/?

The asking price is definitely too high... but I want to see what people think of this.

Thanks,

Bret

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