What if the there's a MFR with an SFR zoning

[KC Boultinghouse]

Hi all,

I'm a new investor and I've found a property that I think will be a really good first deal! It looks like it will be a good cash flowing deal (about $200 per door) in an emerging market. I hear all the time on the podcast to look for barriers to entry, so following that, this property is zoned for a single family house while its listed as a 4 unit. 

So I'm looking to see if anyone has experiencing getting the zones changed on a property? If you've done this I'd love to hear what your strategy was and how it worked out for you!

Thanks,
KC

[Michael Craig]

@KC Boultinghouse

This is not a 4 family home, this is a SFH. You need to go to your cities building department check all documentation pertaining to this property to see if at some point it has been grandfathered as a legal 4 family home. If it has not been grandfathered, you need to have the seller apply to have it zoned as a legal 4 family house. This process takes months and most times they will not even rezone it (depending what state/city you're in).

I wouldn't think about proceeding until the property is zoned properly.