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Updated over 7 years ago on . Most recent reply
New member in SF Bay Area
Hi BP,
I'm Tracy and I fell into real estate development a few years ago when I couldn't find a house I wanted to buy.
I did, however find an empty half acre lot in wine country, in a great neighborhood. It was zoned light commercial, but after going through a long process with the county, I was allowed to build on it using a use permit, and keep the light commercial zoning. After another interesting process with a construction mortgage and then rolling it over into a traditional mortgage, I now have a passive solar, LEED gold compliant house that I meant to live in for the next 50 years...
But life happens, and to be closer to family (and also minimize my commute to my day job in biotech) I think I am going to put my current house on the market and look for a multifamily property closer to Albany/Berkeley or on the peninsula. This time I am not looking to do new construction from the ground up!
I've been listening to the podcasts for a while and am looking forward to meeting more people in the community and learning even more.
If you have advice/tips on commercial real estate/investors in wine country, or MF investments in the east bay, I'm all ears!
Thanks,
Tracy
Most Popular Reply
@Tracy P. Welcome to BP!
Congratulations on getting through all of the red tape and building your home. Perseverance will come in handy on your journey.
You should come to this meetup in Berkeley and get to know the local investors in person.