All Forum Posts by: Juan Monge

Thanks to all for the insight and thoughts. I have put in a call with the city and will follow up this week.

Hi BP,

I have come across a FSBO on a 5 acre piece of land on the outskirts of a rapidly growing City (Pearland) on the outskirts of Houston, TX. The property currently has a SFH and two double-wide Mobile Homes - all currently tenant occupied (owner owns the MHs). Also, from discussing with the owner and reviewing an old survey, the property at one point had at least 7 mobile homes on it.

Regarding zoning / re-zoning and permissions, the county in which the property is located has no zoning regulations, but instead points to the city. When I look at the city zoning, the property sits outside the city limits, but is within the ETJ (extraterritorial jurisdiction). Does this mean I will still need to go through the same 'zoning / permission' process as if the property were inside the city limits? One other question (perhaps a bit silly), but at what point (number of mobile homes) would I be heading towards MHP and needing permission from the city. In other words, could I simply add 2,3,4...X more mobile homes before it would become a concern?

Thanks!

Juan Monge

Thanks for the response @Tony Castronovo, I'll PM you for additional info.

Hi BP community,

Can anyone share any recommendations on an investor friendly, local bank which you are working with or have had good experiences with in the past? I need to open two checking accounts for a couple of SDIRAs and discussing commercial RE loan terms.  Greater Houston area would work, but preferably Pearland / Greater Clear Lake.

Thanks,

Juan Monge 

Hi @Minh Le,

Thanks for organizing, I plan on being up there Saturday, looking forward to it.

Thanks

Juan