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Updated over 8 years ago on . Most recent reply

User Stats

31
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6
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Daniel Walker
  • Old Hickory, TN
6
Votes |
31
Posts

Shared driveway a show-stopper?

Daniel Walker
  • Old Hickory, TN
Posted

I'm doing some analysis on a local 3/2 house.  The preliminary numbers make sense as a buy and hold; however, this property shares a driveway with the neighbor, yet no agreement is in place.  How much of a liability is this?  Should the lack of legal agreement simply be factored into the offering price, or should it be a show stopper?  Should i simply try to get an agreement with the neighbor in place before purchasing it?  Thoughts are much appreciated.  

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