All Forum Posts by: Jonathan Gomez

@Irfan Raza What makes you say I need a new agent? 

How can I ensure it meets RM-1 rules before purchasing? Would I just ask a question like "Is this up to code?"

@Account Closed Is it better to have a use variance? 

The property is zoned as RM-1. Several blocks in that area are in that same category according to the zoning map. 

This brings into question how people perform their due diligence. I think I will start a new thread to get input other investor's due diligence process. Thank you for showing me a bit about zoning. 

@Account Closed What does L&I mean? 

I would like to refrain from giving the address to anyone, but I do appreciate your intent to help. Also, the description of the property says it was not zoned for a duplex. Oddly, the zoning description stated it was RM1, which allows for duplexes, so I am just confused at this point because of my lack of understanding of zoning. 

@Matt Everling Thank you for identifying the process to obtain more knowledge about the property. This may help me with investment opportunities in the future. 

I am in the process of searching for my first investment property. I do not know much about zoning. I am currently looking at a property that is set up like a duplex, without the zoning being changed accordingly. This property was renovated and rehabilitated within the past 2 years. Is the fact that it's not zoned as a duplex a big problem? Is it reasonable for me to use that fact as a negotiating point to get them to zone it properly before I consider investing in it? What have some of you experienced as a result of owning rental property that wasn't zoned correctly?

Check out Cash and Coffee on FB.

Just a heads up, they meet very early in the morning, but it's a good group. 

@Frank Digsby Thank you for welcoming me! I am excited to continue learning.  

@Justin Windham Thank you! Fortunately, I was introduced to the idea of F.I.R.E. well before considering REI, so I am bringing something to the table. I have even eliminated all of my debt. My goal for REI is to use it to eliminate my rent bill and increase my investing rate, whether that's through stocks or more REI.

@Dmitriy Fomichenko Thank you! I already got a head start on all of that. 

Hi @Account Closed! Someone commented on my introduction post with a link to this group hosting meetups: 

https://www.digonline.org/

I don't know much about it, but figured you may want to look into it more. 

@Eleena de Lisser Thank you for providing resources. Do you have to be a member in order to go to their meetups?