Rent by Room in Raleigh NC

[Julian Drew]

Hello,

I am a new real estate investor and currently own a townhouse here in the Raleigh - Wakefield area. For my first deal I am looking at converting my basement into a full studio apartment and renting out both the top and bottom part of the townhouse, like a pad split. The property would cash flow very nicely upon doing so however I am unable to find out if I can legally rent out separate spaces of the same house in Raleigh if I don't live there. Has anyone looked into doing this in Raleigh and if so, is it possible to do this? I don't have any restrictions in doing this from the HOA so this would be the only other hurdle I need to cross.

[Sophia Griffies]

Hey Julian, Plenty of investors are using that strategy in Raleigh, and it sounds like you have a great investment property. The safest bet is to consult with a real estate attorney. Please let me know if you’d like a recommendation. Good luck!