All Forum Posts by: Rion Manita

Good Evening,

Looking for a flexible portfolio lender in Vermont, interested in purchasing a multi but would like a favorable down payment.

Thank you Bigger Pockets

Thank you Katie,

When you first meet with the planning and development do you have plans drawn up of what you were thinking or is it just a discussion?

Thank you again!

Good day, I hope all is well. I currently have a property zoned as a single family with a grandfathered commercial garage that a business has been run out of. The property is 1.79 acres on a lake and river abutting a conservation park and just 6000 sqft shy of sub dividing. The house is in terrible shape (1800 sqft)and the garage (over 2200 sqft) need to be torn down. I want to build at least three townhouses, if I can't then subdivision would be the next step. My question; What steps should I take to prepare a strong case for townhouses. What do I do first, I want to convince the town of course. Also would I ever have to do a soil test if the garage was used for a business? Thank you Bigger pockets

I appreciate everyone's response, I am qualified for both properties but I worried the immediate burden of renting seven units would be overwhelming and if my vacancy ended up be higher than I thought, drowning in the loans could be an unfavorable outcome.

Thanks again everyone, I am just going to go with one for now ;)

Thank you everyone!

Good Day Bigger Pockets Community,

I work as an agent in the Boston area and have had a wonderful year, subsequently I have been looking to make my first purchase. I have been pre approved by two different banks, ironically two fantastic deals are at my fingertips. I would strongly advise anyone purchasing simultaneously two properties but I was wondering if anyone had any experience with this and if they could share their story. The concept is very attractive.

Thank you,
Rion