All Forum Posts by: David Carbajal

Best place/source to obtain raw land loans?

I am working on securing a purchase of vacant land - 50% down and seeking a loan for the balance within 6 months.

@Steve L. The parcel has a expired TTM, BUT the City is willing to acknowledge the original negative declaration (and all of the original environmental reports), which should help us in obtaining a TTM a little quicker than usual.

@Steve L. Thank you for taking the time to provide such a informative response. I truly appreciate the help.

As I iron out some of these details I will let you know where things end up.

Thanks again,

David

Both.

How do you all recommend estimating utility costs? Both offsite and onsite.

I have reached out to the utility companies, but they are not very open to preliminary discussion/guidance since I only have a TTM.  

@Greg Dickerson thank you for this great advice.

I will be sure to have this conversation with the seller to reduce some of my exposure.

Hi BP fam! I am an active development manager that focuses on the construction and design management for 150+ room hotels on the West coast.

I have been in this field for nearly a decade and feel that it is time to pull together some small residential development projects of my own.

My first gig is a 5 acre parcel that will be subdivided into 15 or 16 lots. I purchased the land for a great price. The lot had a previously approved tentative tract map that expired a few years ago. I have Re engaged the engineer who did the original TTM and am expecting his proposal by the end of the week.

I am reaching out the BP fam to see if there are any “lessons learned” that you all would be willing to share....

This is how I understand the next steps:

1. Submit TTM. (We are trying to get the City to utilize the original Env. Reports that were used)

2. Submit final TM.

Approx. 8 months to get through these 1st 2 steps.

- while I am working through the tract map approvals, I’ll be tightening up my construction budget:

Shrub clearance

Grading

CMU wall(s)

Curb/Gutter

Sidewalks

Paving

Landscape

All utilities

Fees

I know that there are plenty of additional details/steps along the way, but these are the ones that I have top of mind at the moment.

Thank you all in advance for those “lessons learned.”

-David

@Val Saph I am new the RE investing game, but just stumbled upon the major tax incentives via “opportunity zone” development and investing. The JOBS ACT of 2017 - look into it!

Hello everyone! My wife and I are about to dive into this year's round of tax sale auction in San Bernardino County, CA. We are looking for some advice or 101 from someone who has successfully participated! Please reach out to connect or provide as much insight as you see fit... Thank you in advance!