All Forum Posts by: Dave Meyers

@Nicola Rutherford, @Jared W Smith James Petty's book literally changed the course of my career! It should be mandatory in the curriculum of every Architecture school.

He talks a lot about using architecture as equity (deferring the design fees). Has anyone been able to use this strategy?

I am not sure if you folks have run into this in the architecture world but with an investor mindset. I sometimes have clients come to me saying "I have this piece of property that I want to build on. Can you help me put some plans together?" You say, "sure here is my proposal for services." They quickly balk because "wow I was not expecting that cost."

Have you ever used your design fee as equity in the project for clients. Like a deferred payment but put an additional multiply on it?

P.s. James Petty's book is like Rich Dad Poor Dad for architects.

Yup, I have had that occur several times. I made an offer for equity once but it was with a flipper and he turned it down. It was early in our professional relationship. We’ve done two projects together thus far.

The problem I see is most often they’re on the newbie/novice side and aren’t likely to release any control. I can’t have my equity (delayed payment) be fully affected by their control. The success of the project lays in their hands so they need to be well organized and experienced.

I'm surprised you've had developers not want to share equity for service. I bet they're the same ones that say its hard to get started or build a team. I would happily share equity and develop a relationship which is likely to pay dividends in the future.

1 Vote

@Shaz Wa.

Doable? Sure! Is it worth the money and headache? Unsure.

Look up the local zoning code, if it’s zoned R-1 (or similar) and what that means for your local municipality. What is minimum lot size? What is zoning for a PAD?

Look up the cities zoning map. Is the lot in question surrounded by a sea of SFH and very low density? Or is it on the edge next to some increased density?

Look up the general plan. The city will have housing goals, density goals, etc… laid out. City development will often share what you can do by right of current zoning, but a general plan include community and elected input. You may find that solicited support from a council member will help your proposed development.

1 Vote

Dallas, Texas

@Aaron Campbell

Look up @katiedevelops on Instagram. She runs a real estate development boot camp to help newer developers.

1 Vote

Columbus, Ohio

Quote from @Caroline Gerardo:

Tract built by publicly traded company, no way. Maybe you can find some drawings of layout in old flyers or online.

If planning has digital copies they won't give them to you as they belong to architect and owner of record. Owner paid for them you have no rights to the information.

What do you need???

Because I like the floorplan. :)

0 Votes

Does anyone have experience with Anchored Tiny Homes?

Pricing? Quality? Communication?

0 Votes

Sacramento, California

@Michael Fundaro Talk to a lender for that. My initial thought is that if it is the same property/lot/parcel than it would be one mortgage.

0 Votes

Hartford, Connecticut

Quote from @Michelle Mullins:

Looking for any referrals to private money lenders or best commercial lenders for a small tiny home development project in the Austin area. Thanks in advance!

What stage are you in? Are you permitted? build to sell? build to rent? selling house with lot rent?

0 Votes

Austin, Texas

As I’m out and about I see a house/townhome, etc… I really like. Has anyone had luck getting the plans for it from the city planning offices? Is that something they could provide?

Maybe a FOIA request?

0 Votes

Quote from @Richard Elvin:

@Dave Meyers Did you end up buying the condo? If so, how was Moxi to deal with?

Have not. We're buying a second home, not just an AirBnb, so we're being more... discerning ... on the specific condo and the one we had our eye on was snatched up.

1 Vote

@daniel maynor any info?

1 Vote

Raleigh, North Carolina

All Forum Posts by: Dave Meyers

Dave Meyers has started 15 posts and replied 70 times.

Post: Architect and developer

Post: How hard it is to have city approve a single family lot to be converted in five lots

Post: Real Estate Mentor with Experience in Development

Post: Plans & blueprints from the City

Post: Curious about Anchored Tiny Homes out of CA

Post: Construction of Additional Dwellings - Running the numbers

Post: Private Money options for residential development project

Post: Plans & blueprints from the City

Post: Buying in Mexico: Terms or Cash

Post: If You Have Land I've Got Houses