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Jan 15, 2021
1:17
:14
pm
Spine
All-American
Not being able to evict would be the biggest issue for sure. That is why I'm
boing back to a 15-year mortgage. If worst comes to worst my payment hasn't changed so I'm just "coasting" instead of paying off the finishing costs.
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Spine
Previous username
Ynutter
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Spine
Joined
Jan 31, 2013
Last login
May 7, 2024
Total posts
8,702 (988 FO)
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Messages
Author
Time
Looking for downsides: I'm seriously thinking of finishing my basement and
Spine
1/15/21 12:00pm
Besides the MIL?
All-American
1/15/21 12:01pm
Being a landlord and living right above the tenants
rggee
1/15/21 12:02pm
You have a basement, so I assume UT? Been in real estate rentals nearly 50 years
grandpacoug
1/15/21 12:11pm
Good take. I can see that being an issue.
Spine
1/15/21 1:15pm
Biggest downside I see: you are now sharing the property with renters.
Bandit
1/15/21 12:03pm
Do you want to have another family living below you every day? That’s one.
Junior Deputy
1/15/21 12:03pm
Renters actually paying rent may be a big incorrect assumption. Seems like there
StutterOfTheCougar
1/15/21 12:08pm
Not being able to evict would be the biggest issue for sure. That is why I'm
Spine
1/15/21 1:17pm
Just be sure to screen your renters really well.
MrTootles
1/15/21 12:09pm
Have you considered the parking situation?
Coach's Dad
1/15/21 12:09pm
My parents turned their basement into a MIL suite
donnerstag
1/15/21 12:10pm
Aren't extended families fun sometimes . . .
85fan
1/15/21 12:13pm
Your parents need to get a backbone. That is garbage.
Ycrazy
1/15/21 12:19pm
I'll happily take Grandma in. However, it should not feel pressured like that.
Spine
1/15/21 1:14pm
How a similar instance where my wife took care of the Gma for years.
Bin01015
1/15/21 1:23pm
None. And do it yourself for WAY less than 50k.
Adwight
1/15/21 12:12pm
I was just about to say 50k seems really high for 600 sq. ft.
volleyjiver
1/15/21 12:17pm
It includes another 400 sq ft that won't be in the apartment and adding the
Spine
1/15/21 1:18pm
I finish a lot myself. However, I recently hurt my back seriously and have been
Spine
1/15/21 1:19pm
we did this in Oregon. Then we found out that our area was zoned against
Cougarclaw
1/15/21 12:17pm
Good advice, thank you!
Spine
1/15/21 1:20pm
I don't want renters in my basement.
johnnycarson
1/15/21 12:27pm
Two things to think about:
WhoisJohnGalt
1/15/21 12:43pm
I agree. I'll have a "permanently" locked door between the two sides. I think I
Spine
1/15/21 1:22pm
If you live in Vineyard please don’t rent it out. My neighborhood is being overan by people renting out their basements.
Nuke
1/15/21 1:03pm
I'm not there :D. I have a third car garage they can use and I have grown up
Spine
1/15/21 1:24pm
Hopefully the master bedrooms are sound proof.
Dynomite
1/15/21 1:10pm
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