What is your opinion?
Hello All,
I have limited to no experience in buying a land or building a house. I would like to get your expert advice on what to check before buying a land.
My thought process; planning to buy a land( minimum of 4000SF, max 8000 SF)and build a 4 unit multifamily house with atleast 8-10 parking spaces with the help of general contractor(GC)
Questions: 1. what should I check for before buying a land?
2. Can we request county planners to change the zoning for a land if it is zoned for a single family or other can we get it rezoned to multifamily?
3. What is the average price that a general contractor would charge?
4. What would be the average cost of building such a project in miami and is it feasible to rent it out to cover the mortgage cost?
5. How long does it take to get the required permits and how much it would cost? Will the GC get the necessary permits on our behalf?
6. Is there a way for us to check the zoning for a specific address?
7. What kind of loan should I apply for?
Thank you all in advance
Location: Miami