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Updated about 8 years ago on . Most recent reply

User Stats

22
Posts
5
Votes
Ryan Green
  • Investor
  • Richardson, TX
5
Votes |
22
Posts

Building is Commercial Zone / I wanna live in property/rent out

Ryan Green
  • Investor
  • Richardson, TX
Posted

Property is zoned commercial. The property is 2 average home lots in a neighborhood. Both neighbors are zoned residential. I want to purchase the property to live in and possibly rent out in the future. 

Its in Dallas Tx. 

Can I live in it as a commercial property/rent it out? 

How will the loan be structured if i bought it as commercial? Could i get a loan for owner occupant for a commercially zoned property?

Would i be able to change the property to residential easly?

Anything else you know about this situation would help!!  

THANKS BP!!!!

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