Help. What u think ???

[Isiah Ferguson]

Yoo. I’m currently doing my DD on a potential property. It’s currently a 3/2 w/ an half finished basement potential 1/1 with separate kitchen and driveway. There is a roughly separate garage w/ roughly 1000sq.

I spoke with the city and since the property is on .8 acre it can be zone for a 3 family. There is more than enough parking.

The main house is complete, I’ll just need renovations to finish the basement and the 1000sq separated garage space.

Potentially, this can be a 3 unit. The main living with is a 3/2, the basement 1/1 and separated garage space 1/1.

I would use my HELOC for the renovation. What should be my first steps to make this come to life ?

Initially the PP was 310k on open door. They dropped it to 262k but we offered 250k