All Forum Posts by: Larry Sloan

Thanks @Nicholas Coulter for the advice, I think this is a great suggestions! 

Awesome, thanks @Rick Baggenstoss for your thorough reply, this will definitely be helpful when submitting permits. Are you currently accepting new members for your business GaREIA? I would love to be apart of a growing community of investors here in Atlanta!

I was able to pull Open Record Reports for the property which shows the following permits:

Electrical Residential Permit: 

- ELECTRICAL/RESIDENTIAL/PUBLIC UTILITY

- INSTALLING A NEW GROUNDING ELECTRODE SYSTEM WITH 2 NEW GROUND RODS

- INSTALLED A METER IN UNIT A

I'm assuming that these permits make the renovations permissible, indicating that this is a multi unit property. I will be submitting these documents with my non conforming zoning application.

Hello BP Community,

I am a soon to be Atlanta Investor, with my first investment property under contract (side by side- with an unfinished basement), and it appears that I've run into a bit of a snag.

If there is anyone familiar with ADU permitting and requirements that can provide some insight would be much appreciated? It appears that the city recognizes this property as a single family, even though it was listed and there are tax records indicating that it is a duplex. The property has also been operating/ occupied as a duplex, and I am in the process of collecting documentation to apply for non conforming zoning.

• Would it be possible to convert the unfinished basement into a new adu, while converting one of the two upstairs existing units into a junior ADU or semi attached?

My main concern is not being able to receive the property permits to complete the basement renovations.

• If this property has been illegally renovated, what would be my options moving forward, in order to avoid the repercussions of this negligence after purchasing the property? 

My goal is to convert the unfinished basement into a fully functioning ADU. I have talked to someone in the permitting office who explained that I could convert it into an additional unit as long as there was no stove. I am reaching out to see if there may be alternative options.

Awesome, thanks for your recommendation.

@Brenden Mitchum Awesome, yes I am interested!

Thank you! @Chris Seveney

 @Mitch Messer @Brenden Mitchum  Could you also DM me your inspection referral's contact? Thanks!

Do you have any tips or advice on how I can begin practicing creating and calculating my own underwriting deals? I have excel experience and with time could create my own functioning model. My goal is to really understand the process, but the most of the videos that I'm finding don't really go into depth and really just explain how to plug and chug data into there uniquely designed spreadsheet.

Hey Jonathan, what resources/ calculators are you using to calculate your multi-family underwriting deals?