All Forum Posts by: Jon Klaus

 Thanks Jacob. Welcome to BiggerPockets!

Best thing to come out of The City of Austin for infill builders in years. A couple highlights; instead of an 850SF cap on ADU's, the limit will be 15% of FAR. Means you can go bigger on ADU's on most eligible lots. And the square footage limitation on the lot drops from 7000SF to 5750SF. This will allow for many more housing units close in.

Welcome aboard, Gordon.  Your project sounds interesting.  Is it modeled after any other MHPs?  Where is it located?

We're glad you've joined us!

Did you buy anything yet, Raja?

Bryan referred me to Rodney at RBank a couple of years ago and I've used him for several deals,  including a couple of duplexes like your client's. 

 I am in the process of subdividing another lot in 78702  now and  am coming up on a year on that one too  it does have set back issues that require a variance,   It also had an old easement that needed to be dealt with   Hardly any deals are completely  straightforward. 

i recently divided a lot in 78702 and it took a year. It can vary, but plan for delays.  

Working late tonight, Jared?

 There are local banks who like this kind of deal, but the borrower needs to have some credit and cash reserves. Your client may need a partner who can help get the loan.  It should be about 5.X % interest only for a year.  

Know that it can take a year to get the lot sub-divided and then a few more months to get the building permits.  What street is it on?

Congrats on some amazing growth BP Nation!

I'm also intrigued with downtown Rickwall.  Just in the past couple days been thinking about building there.