All Forum Posts by: Abraham Garza

@Matthew Bernal Thank you! Yes i will go to the building and planning office and ask more questions to see what i can start moving foward with. Thank you for this response needed some motivation from people with experience in new construction.

Good morning bigger pockets team so I have currently ran into a problem. I recently just bought my first lot to build a new construction home. Everything went smoothly and just closed a few days ago. So I was making calls to get a temporary culvert permit and main water tap and sewer tap, by talking with the city I just figured out they have all taps on hold because the city currently does not have enough water capacity, the city is working on this with a neighboring city to try to bring more water in and I was told that would probably take up to a year or a year and a half to get that settled. So now I have $60,000 invested which was part of my budget and have to wait a year and a half to start building also city does not allow water wells. Has anybody ever ran into this problem and if so what do you recommend?

I recently came across 1 acre asking for 314k in a very good residential and growing location, so the current owner has added 4 manufactured homes with 4 electrical meters, 4 septic tanks and only 1 water meter for all 4 homes, the homes are sitting on partial slab and partial pier & beam, he also added 2 storage sheds approx. 380sqft with the intention to make them ADUs they are still only the shell so I would have to get those ready to live in, so currently the 4 manufactured homes are being rented and bringing in 2800k a month, 3 of the homes are needing some TLC which could increment rents and possibly get me at 3600k a month, also being a 1ac lot this still leaves about 12,000sqft of raw land where you could build etc.

So that is on the good side now the things I did not like so much, the lay out is poorly executed to where it makes it looked crammed up and not professional but it could be fixed.

Another is that in reality there is only 4 livable units so that qualifies under a conventional loan but since they're are 6 units on the property the banks are wanting to take it as a commercial so we would have to move out the 2 storage sheds out in order to close as conventional.

Another concern, technically you are only allowed to have one manufactured house or single wide in your property according to what I know but I know it could change according to zoning which I will investigate, so my question is has all this been accounted for and if so how can I verify it so it wont leave me in a bind further down the road, I currently asked my agent for the appraisal of the property to see if that might verify.

Any recommendations? Currently own my first single family rental and now looking for multi family fairly new to real estate investing.

Thanks!