All Forum Posts by: Jen Shrock

@Sean OToole Thanks for your thoughts. They definitely give me something to think on. I think that I need to do a little more research into what the highest and best use might be. My initial thoughts were to remodel and rent as a SFH with the knowledge that converting it to office space for a business might not take much, if any transformation. The only drawback for office space is that there is not much off street parking. You and the others have given me a direction to help focus my analysis.

I had a depressed 3/1.5/2 SFH come across my radar that also sits in an area with commercial (CCG-2) zoning and I was wondering if I should place a little more value on it in my evaluation because of the commercial possibility even though I would want to rehab for residential purposes. I would be looking at this as a buy and hold. It is on the edge of an area that is undergoing a revitalization. The listing for it states residential but says that it is currently zoned commercial. I haven't been to the property yet. Just looking and evaluating at the moment. I would appreciate any thoughts and comments.

What did you end up deciding?  I will be selling my own residence soon (due to different reasons) and I keep tossing around in my mind if I want to take out a mortgage on something, buy something outright from the sale of my current property and fix it with the intention of turning it into a rental or buying something outright that would be a labor of love, but stay my primary home.  Either of the latter two options would still leave me with money to invest.  Many seem to shy away from full cash deals, but the thought of having at least one owned free and clear would be peace of mind to start building from.