New Member Introductions
Market News & Data
General Info
Real Estate Strategies

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal


Real Estate Classifieds
Reviews & Feedback
Updated almost 6 years ago on . Most recent reply

I have land and want to build a triplex.
I purchased properties in Fort Wayne Indiana and I am looking to build a duplex or triplex for rent and I also want to live in one of the apartments as an on-site landlord. Property is zoned multi family. How do I go about getting funding for the project.
Most Popular Reply

Originally posted by @Rich Littlefield:
The next thing you need are permits. To get permits you need architectural drawings, at least one land survey, and engineering work. So you can skip the architect sometimes by simply buying plans, but you still need an engineering firm to take the land survey and make it work with the drawings. Once you have that you are off to the city or county to pay them for permits.
There are two things wrong here. First, the vast majority of jurisdictions will require an architects seal for anything 3 units and above. So him with the OP wanting a tri-plex there will be no skipping an architect. Second, buying plans online is truly a waste of time and money by the end of it all. If you ever read the fine print on the online house plans they require you to hire an architect or engineer to review their plans to make sure they meet local codes and site conditions. This often requires tweeking and changing the plans to work (mostly because of site conditions, not codes). These changes will often end up costing you more than if you went straight to an architect to begin with. Plus the architects HATE these kind of little jobs and dealing with the BS of online plans, so you will more than likely get charged extra for them to do it. So you won't be able to just buy plans and submit them. No jurisdiction that I'm aware of will allow that.