Wholesaling
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Creative Real Estate Financing
presented by

Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated over 15 years ago on . Most recent reply

Help!! Please!!!
I have a deal locked up and I took my buyer to see the house today. My problem is that I thought the house was a 3/1 (which is whats on county records), only to find out that the house was originally a 2/1. Now it has another bathroom that was added, but the 3rd room ( which was originally a dining room) has a divider that seperates it from the living room. Now it looks like a 3/2 but its not. Do I need to find out if there are any permit issues at hand? How would you handle this deal?
Most Popular Reply

if the buyer is happy then continue with the deal.
if you get the county involved, expect the taxes to go up as it will be reassessed.