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Updated almost 9 years ago, 12/22/2015

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1,338
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684
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Steve L.
  • Investor
  • Rancho Cucamonga, CA
684
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1,338
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Convert a Church to Income Property?

Steve L.
  • Investor
  • Rancho Cucamonga, CA
Posted

So there is an old abandoned church that used to own two houses connected on a new parcel. In 2010 and 2011 I ended up buying both of those houses as FNMA foreclosures.

The church is for sale. The owner wants too much still, but I am sure he is open to offers.

It is 7,000 sq ft. With a sanctuary and an attached class room style building. This is very low income area, but on a relatively busy street.

I am looking for creative ideas on what to convert it into to generate profits? Multi-family apartment style housing doesn't work great. Maybe low class hotel or hostel? Commercial might be kinda tough because zoning is mostly residential.

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