All Forum Posts by: Joseph Baumgart

I currently house hack a triplex in Durango. It has worked well for me and seems to be the only type of real estate investment that makes sense, currently, in this area due to facts you listed above. Most investors that live in Durango are investing in other areas. I highly recommend the meetup that Jens Nielsen hosts. Its the best way to meet other local investors (when we can actually meet in person again that is). 

I have one of these and i love it. 

The only problem so far was when i went to refinance the property. The appraiser would not count the bedrooms/kitchens/ bathrooms of the 2 non-conforming units. They would only count the rooms in the one main unit (2 beds, 1 bath). So they used other 2-1 's in the area for comps to get the value which was much less than it should have been. 

But its still a great deal so it's all good. 

Thanks everyone! The town it's in is pretty laid back and small. I don't feel the seller or town is hiding anything. I seriously think that they just don't have systems in place to properly deal with zoning. However, the town is growing significantly so i know things will change in the future. I have tried to get a city representative to respond to an email stating the property is a legal MHP and zoned legal non-conforming. And i'm still waiting for that reply as i sent that email over a week ago. I'm not sure what else to do. I'll just keep calling them..

I am under contract to buy a small mobile home park. The land the park is on is zoned single family residential which is not the correct zoning. The town representative that deals with zoning verbally reported that the park is grandfathered in (legal non-conforming). However, they also reported that the town does not give out any type of documents that say so, such as a certificate of zoning. It worries me to not have an official document stating that the park is grandfathered. What should i do?