All Forum Posts by: Kevin Nerio

Hello all! Yes, I will be contacting the city this week to get more info. This is my 2nd property so I'm still learning! Thank you for each of your inputs!!

 

Hello all,

I'm currently in the process of purchasing a home. My sellers are going to pay off a hefty lien charge to the City due to doing unpermitted work on the house. It was a single-family home but they turned it into a 2bd/1br and 2 separate 1bd/1br studios so it really is a 4/3 (triplex). There are already tenants in the studios but odds are that the studios are not up to code. The sellers are giving me a 15K credit to get the house permitted correctly. Once they pay off the lien and I purchase the property, is the city going to make me get the house permitted or make me turn it back into a single-family home? Will the city give me a citation for the unpermitted work that the sellers did? What would be my best course of action before closing to be sure that purchasing this property won't end up being a mistake. After I receive all my credits, I will be getting the property for 55K under the appraised value. I'm a veteran using my VA loan for the first time. The property is located in west-miami shores unincorporated Miami-Dade and east of 95. I think it's a good deal but please let me know if you think otherwise.

Any advice on my next steps would be greatly appreciated! Thanks! 

Best Regards,

Kevin Nerio

Hello all,

I'm Kevin Nerio and I'm 26 years old. I currently live in North Miami Beach. I am a US veteran and also bilingual in English and Spanish. My current occupation is a chemical sales engineer. I have been listening to bigger pockets now for a little over 4 months now. I have about 8/9k saved up and am eager to make a real estate move. Any advice you can provide for me or connections in the area that could partner with me, would be greatly appreciated. My goal for my first property is to house hack but I'm not sure which way to go about financing it.

Best Regards,

Kevin Nerio

Hello all, 

I'm Kevin Nerio and I'm 26 years old. I currently live in North Miami Beach. I am a US veteran and also bilingual in English and Spanish. My current occupation is a chemical sales engineer. I have been listening to bigger pockets now for a little over 4 months now. I have about 8/9k saved up and am eager to make a real estate move. Any advice you can provide for me or connections in the area that could partner with me, would be greatly appreciated. My goal for my first property is to house hack but I'm not sure which way to go about financing it.

Best Regards,

Kevin Nerio