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Land & New Construction

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California Acre lot

Posted Sep 16 2021, 16:29

I hope someone can help provide some guidance on this , even entertain enough tow rom on project together. I currently have my primary home in Moreno Valley California and have just over a acre lot . I have went as far to the city the city to check zoning and allowable units and am properly zone for at least 15 units . I have never done a project like this and looking for a partner to potential work on project . I was considering expanding home to due to mortgage balance being roughly 64k and property value around 393k , but with the cost of construction made more sense to turn it to assets if possible and house hack with my brother on multi family else where . I really hope some one in big pockets community has experience with something similar and provide some guidance.