Converting SFR to MfR
4 Replies
Carl Stigall
from St. Joseph, Michigan
posted over 3 years ago
Antoine Martel
Rental Property Investor from Los Angeles, CA
replied over 3 years ago
Carl.
This sounds like a great plan but it might be a little much for your first deal.
Have you thought about starting off with flips and then moving up to projects like this where you are going to have to tear down walls, etc?
The flips will be much simpler and you will not have to deal with the city and getting a variance, etc.
Carl Stigall
from St. Joseph, Michigan
replied over 3 years ago
Aaron K.
Specialist from Riverside, CA
replied over 3 years ago
I don't think that you could move out of an FHA financed property that quickly. Also when converting SFR to MFR be very aware of zoning, if the property is not zoned for multifamily properties it may very well be illegal to convert SFRs.
Thomas S.
replied over 3 years ago
If you intend to do conversions you need to first confirm with your local building inspector that it is permitted. If so you can purchase a property, file a building permit application and then hope it will actually receive approval.
Complicated process that must be done in small steps.