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Updated about 7 years ago,
We're interested in building
Has anyone bought a property with the intention of adding additional buildings?
We have the opportunity to buy a property with a 4 plex currently and it also comes with some land, so we were considering building another 4 plex or possibly 2, but we're not sure where to even start to find out if we can build and how many buildings we could put up. Does it matter if it's zoned residential or commercial? Also concerned about the lending portion of this. Can we get one loan to cover the initial 4 plex purchase and also the money needed to build a 2nd one?
If anyone has experience with this, we'd be interested in knowing a little more about how the process works.
Thanks!