Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
New Member Introductions
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 9 years ago on . Most recent reply

User Stats

38
Posts
4
Votes
Luke Texidor
  • Engineer
  • Agoura Hills, CA
4
Votes |
38
Posts

Newbie from California looking to build and buy and hold.

Luke Texidor
  • Engineer
  • Agoura Hills, CA
Posted

I am a newbie that just finished building our home in Agoura Hills California. I was very fortunate to find a piece of land for a very good price in Agoura Hills. After running the numbers I deciding to develop rather than flip the land. It took a lot of will power but paid off in the end. I instantly gained over 300k in equity upon closing. Now I have the bug and I'm looking for more. I am looking to network in the Los Angeles, Colorado as well as the southern Wisconsin areas. Looking to connect with good people and develop relationships to benefit all. 

Most Popular Reply

User Stats

38
Posts
4
Votes
Luke Texidor
  • Engineer
  • Agoura Hills, CA
4
Votes |
38
Posts
Luke Texidor
  • Engineer
  • Agoura Hills, CA
Replied

@Andrew Fielder

The process was not short by any means. I bought the Property in May of 2013 and sat on it for around 8 months to save some more money and decide if we wanna build or not. After deciding to build I met with my architect and engineers. From the time I submitted my plans to the planning commision and building and safety, it took almost 10 months to get approved. The city of Agoura Hills has a hearing process for conditional use permits. A conditional use permit is a permit that is hillside, over a certain square footage or a permit that needs a variance. This hearing is open to the public so the community can address their concerns.  That process is what drags it on. With most other cities you would be able to pull permits administratively. After that we shopped Construction Loans from a few recommended lenders. We started Construction in Late April, 2015 and finished mid February, 2016. Hope that helps! Feel free to reach out with any more questions.

Loading replies...