All Forum Posts by: Dorothy Ma
Dorothy Ma has started 11 posts and replied 132 times.
Post: Re-Zoning/ Variance: Denver

- Investor
- Denver, CO
- Posts 138
- Votes 73
You may be able to get the city to allow it as a non complying triplex depending on how long it’s functioned that way, what the current configuration is, and whether or not from a building code perspective the units are have the correct fire separation. Getting the city to change the zoning designation is probably unlikely. How does it function as a triplex? Are the units currently side by side or is there an up/down component? Are these 3 units separated by rated walls?
Post: Re-Zoning/ Variance: Denver

- Investor
- Denver, CO
- Posts 138
- Votes 73
Variance and rezoning in Denver require you to go through the board of appeals. You have to be able to prove actual hardship for them even consider, the process to get in front of the board is usually 6-8 weeks.
Is this property currently zoned for duplex but has been used as triplex? Sometimes when this is the case you may be able to make the argument, if you provide more details about your situation I can see if I can help provide a better answer. I can also send you a contact for the technical director of Board if appeals and adjustments at city of Denver.
Post: Getting Frost Bit on Our First BRRRR !!!

- Investor
- Denver, CO
- Posts 138
- Votes 73
Post: Wheatridge, CO zoning and development

- Investor
- Denver, CO
- Posts 138
- Votes 73
You can go to the wheat ridge zoning website and search the zoning with the address. The site will also provide you information regarding what is allowed to be built under that zoning. The zoning code in wheat ridge is not particularly friendly towards density if you are in a residential area, so most likely I'm guessing it's zoned for R-1 or R-2 or A-1.
Post: Do you need a Denver licensed general contractor for a remodel?

- Investor
- Denver, CO
- Posts 138
- Votes 73
@Jennifer Ward I'll send you a PM
Post: Do you need a Denver licensed general contractor for a remodel?

- Investor
- Denver, CO
- Posts 138
- Votes 73
Post: New apartment construction process

- Investor
- Denver, CO
- Posts 138
- Votes 73
Post: Orange County, CA- Need a Draftsman

- Investor
- Denver, CO
- Posts 138
- Votes 73
Post: Denver OFF MARKET Quadplex - good yield.

- Investor
- Denver, CO
- Posts 138
- Votes 73
Post: CONTEST! Help me structure this spec/development deal!

- Investor
- Denver, CO
- Posts 138
- Votes 73
@Elaine Lai, @Matt M. is right on a few things: 1. Your construction cost at $175 psf sounds like just a hard cost and is a little low (I'd at least use $180-$185 min at the price point and square footage your'e looking at with lumber prices at a high and steel prices going up etc). As Sloan mentioned earlier, you'll also need to factor in soft costs, so with hard + soft costs you're probably looking at closer to $200-$215 psf.
Your permitting timelines is also idealistic. If you're lucky you may be able to get through permitting in 8 months, but that is not accounting for the time to takes the architect and engineers to do the drawings and design the building, and the city of Denver has a Site Development Plan submittal as well as a permitting submittal. I'd use at least 8-12 months to budget for your schedule before you can even break ground.
In terms of financing, I don't see how you can make it work with hard money, so your best bet is to find a partner, especially someone who has done this type of work since banks want to see a track record with experience. You'll need to bring at least 20-25% down for the construction loan and make sure there's enough income/assets on whoever is guaranteeing the loan - the existing mortgage and equity of the house will get rolled into the construction loan.
Start with a pro-forma, find a mentor or partner, find an architect. I'm curious it seems like you have some specifics about what you can build, so was there already some drawings/ or feasibility site plan done on this? PM me, I'm a developer and architect in Denver, I can help you take a look at all these aspects.