Converting a single family into a multifamily property

[Stephen Wiater]

I am currently acquiring about buying a cheap single family property with a FHA loan or 203k loan then converting it into a duplex or triplex.. I would live in one unit and rent other units out.

My family has a owned and operated general contracting LLC and I could get very good prices on renovations for the property, what are things that I should be careful about when pursuing this situation, this will be my first purchase in the real estate world, I am a little nervous but and definitely appreciate any advice or tips to look for when purchasing, thanks!

[Sean Pincus]

You need to check with local zoning ordinances. If the zoning for multi-family does not comply with what the property is currently zoned you will need to obtain a variance to have it rezoned.