All Forum Posts by: Melody T.

That's amazing, @Kristi Kandel! This is one of the reasons I'm interested in investing in the OH market and accepting vouchers. Yes, I want to make good investments and make money, but I also have a strong altruistic drive in providing safe, comfortable housing for women (and their children) in need. 

If you tell us where the land is, we can weigh in a bit. I'm in the solar development space and depending on where it is, it can be leased for solar development. Some markets are pretty lucrative.

Hi @Kate Granahan Nice to meet you. I can't quite speak to your question, but I would be interested in connecting, to discuss leasing some rooftop space for solar development. The solar developer would pay for, construct, own and operate the solar asset and sell the power to the utility, while paying the property owner a lease. This works nicely for facilities that are not owner occupied, and over 100,000sqft (rooftop). There are some decent finders fees paid to brokers who can source these types of facilities and make introductions that would be a good fit for solar development. Feel free to DM me if you would like to speak by phone sometime. 

@Kristi Kandel thanks for the comment!

Sounds great, thank you! 

@Walter Roby jr I work in large scale solar development. If you can secure a lease option it MIGHT be valuable, but will require significant due diligence by a solar developer (available capacity, environmental due diligence, location to substation, 3 phase power lines etc.). You can then sell the option to a solar developer, but they too won't execute the lease until they confirm they can develop. Additionally, CA was on the cusp of launching CA community solar, whereby a developer could build solar projects and sell the power to the utility, however, it's on hold pending the final CPUC decision, and it doesn't look promising. Solar developers are no longer bullish in this market for CA community solar. It might come back around and if it does, securing land lease options (on land that you can develop) will be valuable. Essentially, you can only have a solar project if you have an offtaker (someone to buy the power) and this is driven by policy and incentives. You would need to understand that pretty well to play (safely) in this space. If the legislation changes we can connect and I can point you in the right direction (to the developers that will have interest in paying you a sizeable lease for the land to develop a project).

@Walter Roby jr I work in large scale solar development. If you can secure a lease option it MIGHT be valuable, but will require significant due diligence by a solar developer (available capacity, environmental due diligence, location to substation, 3 phase power lines etc.). You can then sell the option to a solar developer, but they too won't execute the lease until they confirm they can develop. Additionally, CA was on the cusp of launching CA community solar, whereby a developer could build solar projects and sell the power to the utility, however, it's on hold pending the final CPUC decision, and it doesn't look promising. Solar developers are no longer bullish in this market for CA community solar. It might come back around and if it does, securing land lease options (on land that you can develop) will be valuable. Essentially, you can only have a solar project if you have an offtaker (someone to buy the power) and this is driven by policy and incentives. You would need to understand that pretty well to play (safely) in this space. If the legislation changes we can connect and I can point you in the right direction (to the developers that will have interest in paying you a sizeable lease for the land to develop a project).

@Rene Ochoa I work in this space (on a larger scale). Your options on how you can structure this depends on the state and how many doors you have at the multifam. If it's a small operation (less than 50 units) than you can install solar, but it will likely need to be a cash purchase. Smaller systems are hard to find third party financing for. The solar will only be there to offset common areas, however so not sure it would make economic sense to go that route for a small utility offset. If it's over 50 units there are companies that will pay for, install, own and operate the system and will pay you a lease payment. They will then sell the power to the tenants at generally a 10% savings to the tenant. Feel free to reach out if you have additional questions. Happy to hop on a quick call and connect you to the appropriate people. I'm So Cal as well. 

Hi @William Coet I work in the commercial and industrial solar development space, feel free to send me a DM and we can connect. I likely can offer some guidance on how to navigate this with a little more info. Thanks

I'm looking to better understand how folks who live in CA structure their investment entities that are out of state. I'm looking at some investments in OH and will create a LLC there to own the property, but I can't quite figure out how (or IF) I can avoid registering the entity (as a foreign entity) in CA, where I reside. If I'm required to do that (which I think I may be) I'm going to have to pay $800 state franchise tax every year, for each LLC. There has to be a better way. Any input would be appreciated. Thanks