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Updated over 7 years ago,
tear down, build, refi
I found a lot with a SFH home on it, but its been zoned for a Multi-Family.
How could I execute a purchase, tear-down, build.
I want to purchase the house for say $150K cash
tear-down the property
build a new duplex(MF)
refi into a VA Loan.
FYI my goal is to use my VA Loan at whatever stage of the process to best minimize my cash outlays.
The tear down in Question is in Troy, MI in the Athens High School boundaries