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All Forum Posts by: Jisu Yu

Jisu Yu has started 1 posts and replied 4 times.

Quote from @Bjorn Ahlblad:

@Jisu Yu Welcome to BP! You need to do some research before you make an offer. Was this a duplex converted to a 4 plex? Was the work permitted? Has the planning commission ruled on this property as a 4 plex? There will be paperwork to confirm one way or the other. I would not take any chances. All the best!


 

Thank you! I ended up backing out



Thank you! It helps a lot
Quote from @Ryan Seib:
Re-zoning is a difficult process. And, it is involved. But overall you should be able to predict the likelihood of success pretty easily before engaging in it. How you ask? Simply ask the zoning staff whether they will recommend your project to the zoning board or not. I would guess in 90%+ of zoning cases the municipal boards will agree with their professional staff. There are exceptions and every municipality in every county and state is different, usually composed of a collection of municipal executive appointments and interested citizens. But the upside is the zoning staff can tell you that as well. Just ask them (1) will you recommend my project, and (2) is the board and council likely to approve it?
That said you cannot drop the ball on the extensive process that follows once you decide to go for it. And I would always recommend getting a purchase contingency for re-zone approval rather than buying first and possibly ending up with a no like Mr. Wang's story illustrates above. Thanks for that Mr. Wang.
I hope this is useful and best wishes with it.

 Thank you! It helps a lot

Quote from @Ke Nan Wang:

I've only done rezoning and watched a number of people gone through the process here in St. Johns County, FL. OF course every county is different but I think the overall strategy should be similar.  

You should be able to ask the staff at planning and zoning department and they should be able to tell you the general procedure and the cost. 

Here in our county, you submit an application, the county will handle the notification of neighbors within 300 FT radius and advertising (applicant pays all costs). They will hold public hearings, the applicant can attend to make the case, all the neighbors can attend and object, the county commissioners will vote on it in the end. Rezoning cost about $3000 and it's not a guaranteed process. So unless there is a huge upside, most people don't do it. You never know what your neighbors will say. I've seen a number of cases where the neighbors just disgruntle and not like to give the applicant nicer things for very selfish reasons. And they don't care if you are doing something for the greater good. You can run a neighborhood campaign and see if you have the support. It takes time and effort if you don't want to just roll the dice.

Things to consider: look at future land use code and the property use in the neighborhood, applicant has much higher chance to get the rezoning approved if it's conforming to the future land use code and to the use of the neighborhood. I.e. rezoning a commercial property into a residential property where in a residential neighborhood. 

Applicant will have almost no chance if the applicant is against the future land use code non conforming to the overall use of the neighborhood.

True story: I had a client purchased a 4plex in a city. The 4plex was a distressed property and left vacant for over a year. The city has a policy that multifamily properties in single family residential area, if left vacant for over 6 months will automatically revert to single family (lost its grandfather protection). My client bought this property with high confidence that he's making the neighborhood better, fixing it up and making it a nice 4plex (current setup with 4 utility meters). And the number doesn't work if it's just SFR. He needs a variance to revert the status back to multifamily. He thought he had lots of support based on his conversation with the planning and zoning staff. When came to the hearing date, he showed up and ready to knock it out of the park and to his surprise, almost the entire neighborhood was against his plan. And they would rather see a distressed, property stayed abandoned, than my client improves the property and make it four units for 4 families. So the variance (similar to rezoning process) was rejected. He couldn't make the number work and sold the house at a slight loss. Over two years, I've seen that house being purchased and sold by multiple people and still sitting there as a piece of cr*p today.

Hope this helps.  

 Thank you! It helps a lot

Is it difficult to do rezoning?

Hi I am purchasing a multifamily home for my first home.

This property has 4 units but actually its zone is R2, duplex.

It is lovely home but the only problem is rezoning... Do I take this work or find annother one...?