First deal almost done!

[Yasmin Mohamed]

Hello BiggerPockets! I’m closing on my first property this week and I need some advice about the basement. It’s a multi family house a block away from a university. Although I will cash flow with renting out each unit I want to finish the basement so I can rent it out. What are some precautions on making a basement a “livable area”? Any tips/advice would be beneficial to me! Thank you.

[Grant Rothenburger]

@Yasmin Mohamed Congratulations! If for some reason making the basement livable becomes unrealistic, you can always build storage units in the basement and charge your tenants to use them, or laundry if you don't already have it. There is a lot of stuff you can do other than finishing it for another tenant if that becomes too much of a hassle.