Can a buy and a residential home that's in a business zone?
1 Reply
Cody Gay
posted 5 months ago
First time investor: Wanting to buy a house listed on HUD homestore. Just checked zoning as it is on a busy street and house is listed in a business zone. There was another house adjacent to property in question currently with occupants that is also zoned commercial. Will it be possible to purchase to rent for residential use?
Greg H.
(Moderator) -
Broker/Flipper from Austin, Texas
replied 5 months ago
Obviously, I have no idea what the zoning is for this particular property
However, what I do know is that since this is a HUD home, the previous buyer obtained an FHA loan. To do that, the property must have been zoned for residential use and it had to be owner occupied