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Arizona Real Estate Q&A Discussion Forum
HomeForumsArizona Real Estate Q&A Discussion ForumBuy and hold SFR with illegal additions
Asim G.'s profile image
Asim G.'s profile image
Asim G.
  • Investor
  • from Tracy, California
  • Member since Aug 29, 2014
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Asim G.'s profile image
Asim G.'s profile image
Asim G.
  • Investor
  • from Tracy, California
  • Member since Aug 29, 2014
Connect
Asim G.
  • Investor
  • Tracy, CA
11
Votes |
47
Posts
Arizona Real Estate Q&A Discussion Forum

Buy and hold SFR with illegal additions

Asim G.
  • Investor
  • Tracy, CA
Posted Dec 29 2015, 18:52

Hi,

I am new to the Phoenix market and am exploring the purchase of buy and hold SFR. I keep coming across properties that have a higher sqft in the listing than what shows up on the county site and I can only assume these are not up to code.

A lot of these properties are being sold by folks who picked them up from foreclosure court during 2009-2010 and they do not know about any history of modification.

What are the disadvantages of buying such a property. Does it qualify for loan and insurance. Is there any way the county records can be updated to reflect the modifications.

Thanks.

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