Keely
It could be considered a non-conforming use. Washington law would make it difficult to get a permit for either property for any future projects. If it complies with the zoning a short plat could be done to make it conforming.
Thanks
Thanks for the advice so far, much appreciated. Yes, the numbers add up. I would be making a profit of about 300/mo with no money down although I am considering putting about 20k down, maybe not. I am just nervous as usual before making an offer. There is also a non conforming studio in the first building. So complicated!
Since you're considering a couple of different offers, why not make them an "either/or" offer; e.g., "I can offer $XXXX if zero down and $XXX with $20,000 down. If you have access to financing, you can even toss in a lowball "cash" offer. That way instead of deciding whether to take a single offer you've already got them considering your multiple offers--whether they like it or not--comparing them and trying to decide which one sounds best. I'm convinced this approach has gotten me some deals that may not have otherwise worked out.
Keely
It could be considered a non-conforming use. Washington law would make it difficult to get a permit for either property for any future projects. If it complies with the zoning a short plat could be done to make it conforming.
Thanks
if the price is right any thing will sell, as you are interested in it others will be also.
do the numbers add up for the rentals?
ect...
Thanks for the advice so far, much appreciated. Yes, the numbers add up. I would be making a profit of about 300/mo with no money down although I am considering putting about 20k down, maybe not. I am just nervous as usual before making an offer. There is also a non conforming studio in the first building. So complicated!
Since you're considering a couple of different offers, why not make them an "either/or" offer; e.g., "I can offer $XXXX if zero down and $XXX with $20,000 down. If you have access to financing, you can even toss in a lowball "cash" offer. That way instead of deciding whether to take a single offer you've already got them considering your multiple offers--whether they like it or not--comparing them and trying to decide which one sounds best. I'm convinced this approach has gotten me some deals that may not have otherwise worked out.