Two houses on one property

[Erik]

Bear with me here... if two houses that are right next to each other are being offered by a single seller, have two seperate tax IDs/addresses, and are zoned multi-use (duplex okay), is it possible for a buyer to purchase both on an OO multi-family program and treat the thing as a duplex?

[pitt]

Not typically allowed

[Erik]

Actually, this is an old one but here is what I found out. If the property is zoned for multi-unit this sort of thing counts as a duplex. This deal would have been done if the appraisal could have come in right.

So the answer to my original question was yes.

[Greg]

You also might have gotten away with this if the parcels were merged on an FHA loan. The zoning is a concern but if the properties were SFR and not mixed use they would do it.

Just have to find the right lender though. Flagstar TD'd one with a SFR and a Single-Wide on the same parcel. So we took it to Huntington and they did the same thing. We battled with them and they said if we removed the single-wide they would do it. We fought some more and they just closed it as-is.

[Erik]

Yeah that is true, another possibility but since they were already split up it would just have been an added expense.

[Greg]

In Ohio in Muskingum and Medina county for sure anyway you just fill out a request form and they do it free.

[Erik]

Wow - government doing something without charging a fee? Nice!