Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Commercial Real Estate Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 8 years ago on . Most recent reply

User Stats

2
Posts
0
Votes
William Lucas Cass
  • Investor
  • Englewood, TN
0
Votes |
2
Posts

Residential Property Zoned Commercial

William Lucas Cass
  • Investor
  • Englewood, TN
Posted

Hello fellow RE investors.

So I'm looking at starting my next investment. I recently relocated to Marietta, GA after being in Tennessee for quiet a while and doing other investments in Myrtle Beach, I've noticed the market here is quiet different in terms of money.  The property I'm looking into has one home just over 700sq.ft. (I know small) but the other is closer to 1000sq.ft.. the issue I'm having is the larger home has been zoned for commercial use(separate listings, same owner), and if I acquire the two properties (combined rental income of $1700) I have to apply for rezoning. I've never had to deal with this issue and I know bigger municipalities can be a nightmare to deal with. So, I guess I'm asking exactly how difficult is it to get the rezoning granted? The homes are both in decent shape with the only major necessity being both need new roofs. 

Most Popular Reply

User Stats

111
Posts
95
Votes
Lisa Hoover
  • Specialist
  • Charlotte, NC
95
Votes |
111
Posts
Lisa Hoover
  • Specialist
  • Charlotte, NC
Replied

I rezoned my residential primary residence to commercial O-1 all by myself* in Charlotte NC back in 2013
(*with the patient assistance of the wonderful Charlotte-Mecklenburg Planning and Zoning Departments).

I called the experts for quotes -- it would have easily cost $30,000 which no way i had that just laying around. I did it myself *
and the total cost was ~~ $8000.

It took me a year working on it part-time start to finish--- but it's been my all time best investment. I'm donating the beautiful 3400 sqft house on it to charity
and selling the land to build a medical office bldg on it.

I learned so much in the process-- an extremely valuable lesson that i could never have gotten any other way !

Loading replies...