All Forum Posts by: Adithya Y.

Thank you @Cody Neumann and @Matt Ziegler. I will get the home inspected. 
But in general, if the house is not having any issues or having minor issues which can be dealt with, is it okay to buy such a old house?

Hello BP community,

what should we look for when buying a 60-70 years old house?
Is it good to buy a house that old? 

Any advice appreciated.

Hello, 

Does any one have any recommendations on general contractors whom you trust? And what is the price range that they charge per SFT to build a multifamily house ? 

 Thank you. Will look into it.

@Chris Seveney Thank you for the advice. Do you suggest any contractors who have similar experience/ expertise?

Hello All,

I have limited to no experience in buying a land or building a house. I would like to get your expert advice on what to check before buying a land.

My thought process; planning to buy a land( minimum of 4000SF, max 8000 SF)and build a 4 unit multifamily house with atleast 8-10 parking spaces with the help of general contractor(GC)

Questions: 1. what should I check for before buying a land?

2. Can we request county planners to change the zoning for a land if it is zoned for a single family or other can we get it rezoned to multifamily?

3. What is the average price that a general contractor would charge?

4. What would be the average cost of building such a project in miami and is it feasible to rent it out to cover the mortgage cost?

5. How long does it take to get the required permits and how much it would cost? Will the GC get the necessary permits on our behalf?

6. Is there a way for us to check the zoning for a specific address?

7. What kind of loan should I apply for?

Thank you all in advance

Location: Miami

@Frank Chin thank you for your advice. I will keep that in mind.

Thank you @Malgorzata Sadowska for answering(6). I’ll take a look at it.  Do you suggest on any other questions from the post?

@James Mason

Hello James

I’m a newbie myself. I was going through your post and noticed that your current interest rate is around 3.9%.  I thought it be a good idea to  get refinance your home refinanced as interest rates are low.

Note: This is solely my opinion and not a professional advice.

Hello All,

I have limited to no experience in buying a land or building a house. I would like to get your expert advice on what to check before buying a land.

My thought process; planning to buy a land( minimum of 4000SF, max 8000 SF)and build a 4 unit multifamily house with atleast 8-10 parking spaces with the help of general contractor(GC)

Questions: 1. what should I check for before buying a land?

2. Can we request county planners to change the zoning for a land if it is zoned for a single family or other can we get it rezoned to multifamily?

3. What is the average price that a general contractor would charge?

4. What would be the average cost of building such a project in miami and is it feasible to rent it out to cover the mortgage cost?

5. How long does it take to get the required permits and how much it would cost? Will the GC get the necessary permits on our behalf?

6. Is there a way for us to check the zoning for a specific address?

7. What kind of loan should I apply for?

Thank you all in advance

Location: Miami