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Updated over 7 years ago,
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