All Forum Posts by: Kristi Kandel

 @Leslie L Meneus Which part, but probably yes! 

 @Jorge Vazquez I'm in St Pete for the season (Jan-April) up from FMB. I'd love to hear about some of the local meetups here to get to know people in this market! 

We are officially publishing our 1st episode of The Real Estate Pessimist: The Good, Bad, and the Truth About RE Investing on 1/8/25, and we’re ready to schedule shows with real estate investors that have REAL stories to share!

We don’t just want the wins. We hear those all the time on pods and on social media. We want the struggles, the lessons learned, and the moments that made you wonder why you even got into real estate in the first place. 😅 Because let’s be honest, we ALL have those stories!

If you’ve got:
✅ A deal gone wrong (but worth the learning experience)
✅ A story of resilience and grit in real estate
✅ Hard-earned lessons others NEED to know

…we want to hear from you!

💥 Interested? Email us at [email protected] and let’s chat about having you on an upcoming episode!

The first episode drops 1/8/25—don’t miss it! Let’s show the world what real estate investing is REALLY like AND why we do it anyway! 💪

Quote from @Yaroslav Shtogun:

Hello Community,

I am seeking advice on the following real estate situation:

I’m in the process of purchasing a double lot property (100x100 in an RS-50 zone) that includes a 1,200 sqft wood-frame house and a 640 sqft detached garage. Initially, I thought I could split the lot. However, after receiving the survey results, I discovered that the house is located less than 1 foot over the sublot line (see attached image).

Here are the options I’m considering:

1. Rent the current house for market value (~$1,500–1,600/month) and convert the detached garage into an ADU to rent for ~$1,000/month.
2. Relocate the house to split the lot, then sell the newly created lot (~$100,000) while renting out the existing house.
3. Relocate the house to split the lot and build a new home on the second lot.
4. Demolish the current house and garage, split the lot, and build two new homes.

At this time, I am uncertain about the cost of relocating the house.

Questions for the community:

• Has anyone faced a similar situation?
• What were your solutions, and how did they work out?
• Do you have insights or advice on the costs and challenges of relocating a house?

Thank you in advance for your thoughts and guidance!

Best regards,
Yaroslav

 @Yaroslav Shtogun what about a slight adjustment to the property line and executing a no build easement so that you're achieving the purpose of the setbacks? Depends on the AHJ if that's possible but we've done that quite a few times on commercial projects. 

Although whichever option you go with make sure you're also thinking about the long-term property value and what makes the most sense vs trying different angles now that negatively impact future resale/property values down the line. 

 @Sebastien Tinsley Hey! I'm also in FL and am a RE investor (STR/MTR/LTR), developer, and just love RE and the freedom it brings. Don't hesitate to reach out and we can connect!

Hey all!

As you know we our RE investing focus is on development. We are doing a giveaway for our next masterclass release and wanted to share it with the BP community too.

At Local Real Estate Developers, we help ordinary people turn overlooked properties into thriving spaces that transform their communities—& their lives.

This New Year, we’re all about fresh starts and new opportunities—and we want YOU to join the movement. Imagine starting 2025 on the path to financial freedom, personal growth, and professional success in real estate development.

To celebrate, we’re hosting an exclusive Instagram Giveaway that could be your first step toward transforming your life.

What You Could Win:

🎁 Free access to our Real Estate Development Build It Accelerator Masterclass (Feb-April 2025)

🎁 1:1 coaching session with your real estate mentor

🎁 Bonus resources to jumpstart your journey

Here’s How to Enter:

1. Follow us on Instagram: @localrealestatedevelopers (http

s://www.instagram.com/localrealestatedevelopers)

2. Like our giveaway post

3. Tag 3 friends who are ready to level up in 2025

4. Share the post to your story & tag us

Entries close on 1/10/2025 at 5 PM Pacific Time!

A Few Notes:

• The giveaway is open to participants aged 18+ in eligible locations.
• The winner will be announced on 1/17/2025 via Instagram and must claim their prize within 48 hours.
• The prize includes free access to the Masterclass, a 1:1 coaching session, and bonus resources. The prize is non-transferable and has no cash value.
• To redeem the prize, the winner must attend the Masterclass.

Make 2025 the year you invest in yourself. Head to Instagram now and take the first step toward changing your life through real estate development.

Enter the giveaway: @localrealestatedevelopers (https://www.instagram.com/localrealestatedevelopers)

Cheers to your success,

Lynn & Kristi

 @John Hanewich building new is always a good option especially if you have the necessary licenses and can do some of the work keeping costs down. I built family dollars for years using metal buildings and when you have the right erection crews those things fly up. 

What type of MEP work are you putting into the design for getting the sewer, water, power, and internet (assuming you're not extending gas) to the inside of the building? 

Are you doing the interior TI build out or are you just building the shells and the future tenants will be responsible for building out their units as needed? 

What about drive approaches, parking lots, site lights, landscape, irrigation, etc.? 

Happy to chat more. Just shoot me a DM. 

 @Deja Clark LOVE your willingness to jump in the game. Development has changed my life. There will be plenty of deals out there so if you're not getting the time you need I wouldn't pursue it. 

Each site you evaluate is another step forward and you'll learn more along the way. I'd start by seeing what pieces you already have lined up for building the project. 

1. Do you have 2-4 contractors that you've built relationships with who build similar homes to what you're looking to do? That way you can work backwards on the land price AND your holding costs while you're designing, permitting, and building the home. 

2. Do you ave 2-4 lenders that you've built relationships with and do you understand their terms for purchasing the land and the construction loan and the exit strategies if you need to hold the home a while before you sell to a buyer? 

I'm happy to talk more. Just shoot me a DM. 

 @Keaton Sheffert reach out to Michigan Economic Development Corporation. They are searching for emerging developers and are offering all sorts of grants to development ready cities. We are actually working with MEDC to put together workshops to help provide trainings for various regions in MI to help fill in the development gaps from the real estate entrepreneurs and what it takes to build a development company and complete a project. Happy to chat more if you'd like. 

Separately, smaller towns are very user friendly. The more you can show that you have community support (talk to your neighbors of the property & the local biz) and potentially MEDC conceptual support that will go a long way. 

As a former planning commissioner the people AGAINST projects are the loudest so you want to make sure you have a good pulse on what your neighbors and the louder people at public hearings stand so you can be prepared ahead of time. 

A picture is worth a 1000 words and a project we helped someone on in the UP was able to gain support and approval by getting renderings done showing what the finished project would look like. They spent 1K on them from upwork and it helped resolve concerns in the meeting real time with some neighbors had who were just picturing the project their own way which was completely different than what the emerging developer was proposing. 

 @William Fuller Do you want to start small and gain experience in your market and then go from there? You could easily buy land that is zoned for multi-family and find a lot where you could build 4-8 townhomes. Typically those are built with 4 units to an overall structure. 

You could build that in phases and finish the first 4 and then get your lender to do a construction loan on phase 2. 

There's more to it but you don't have to go huge to get started.