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Updated over 1 year ago,
investing a property in POR zoning
Hi all,
I am looking at a property in POR (Professional Office Residential) zoning, in central NJ. It has an office space in the first floor and residential space in 2nd and 3rd floors. I have the following questions:
1. Is it possible for us to use the office space and rent out the residential units, preferably mid-term rental?
2. do I need to ask for a permit for this strategy?
3. can I get a conventional mortgage on this property?
I asked these questions to several brokers/agents but nobody replied so I will appreciate any of your help/advice.
thank you in advance.
Best,
Joon