Rezoning land in Las Vegas
Hi Everybody,
Quick question for anyone that has gone through this or has any input. I recently bought a duplex in Vegas which cash flows terrific and have been contemplating buying the land parcel next to it (it is vacant with no utilities or foundation just dirt) and buying two of the same duplexes on it as it is two times bigger in size. I looked up zoning and it states its an R-1 single family. Anyone have any experience with rezoning to R2 (multifamily)? Plan would be to find a contractor to build two replicas of my duplex on this plot and would effectively be two buildings with the plot being used as a 4 plex. I'm a buy and hold guy with 3 rentals under my belt so this would be a big step for me having to basically build a home from scratch but am excited at the possibility. Any thoughts or comments would be appreciated or experiences you've had in the Las Vegas area doing something like this, thanks!