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All Forum Posts by: Zachary Riggio

Zachary Riggio has started 3 posts and replied 3 times.

In the process of buying a single family home on long island that was build in 1925. Its being sold by a flipper, and we have the mortgage and were ready to close. But our lawyer after ordering a new title report found the 2nd bathroom to have been added on without a CO and apparently used to be an enclosed porch or patio. Also the large retaining wall which looks beautiful and probably cost 50k+ did not have a CO either. The sellers do not want to get the CO's. Do I walk, or am I risking way to much trying to close without the CO's? Thanks everyone, first time home buyer.

Post: Basement apartments on Long Island NY

Zachary RiggioPosted
  • Riverhead, NY
  • Posts 3
  • Votes 0

My wife and I are looking for a home is Suffolk County, NY with the potential of or having a finished basement apartment for purposes of offsetting our mortgage payments/taxes every month. Would like any advice on what to look for and what constitutes a legal basement apartment. Thanks.

Hey everyone first post so if i ask some pretty obvious questions please forgive me. Where I live legal multi family homes seem few and far between, but single family homes with apartments attached whether they are basement or garage converted seem to be more prevalent. My question is what are the draw backs of buying a single family home with an apartment vs a true multifamily home? Thanks!