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Updated over 1 year ago on . Most recent reply

User Stats

26
Posts
11
Votes
Weronika Jedrak
  • Investor
  • New Jersey
11
Votes |
26
Posts

Rent by the room- South Jersey

Weronika Jedrak
  • Investor
  • New Jersey
Posted

Hello, 


I am in process of purchasing a rehab project. It's a big 2000 square feet house, currently set up as 4/2 but can be easily converted into 5/3 or 6/3. I originally was planning to flip it but the house it on a busy street, surrounded by commercial properties. The house is zone as B- residential and commercial. I looked into making it a triplex, but the township advised this could be a tough climb since it's a B zone. I then thought about rent by the room strategy. The location and size of the house is perfect for that, but I am not sure about the law and restrictions for that. Would I still have to apply for a special zoning? How difficult is to get approved for that, anyone has any experience with this strategy in south jersey? Padsplit doesn't operate here in my area. 

  • Weronika Jedrak
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