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All Forum Posts by: Tim Goddard

Tim Goddard has started 2 posts and replied 5 times.

Quote from @Ty Coutts:

Hi Tim,

There are several effective strategies and resources you can use to stay informed about future development planning in your area, without solely relying on attending city council meetings:

City Planning Websites: Most cities have planning department websites where they publish upcoming development projects, zoning changes, and long-term planning documents. These websites often include project proposals, public notices, and contact information for city planners.

Local Newspapers and Publications: Stay updated with local newspapers, magazines, and community newsletters. They often report on upcoming development projects, zoning changes, and issues discussed at city council meetings.

Online Forums and Neighborhood Groups: Join local online forums, neighborhood Facebook groups, or Nextdoor. Residents often discuss upcoming developments and share information they've gathered.

City Council Agendas and Minutes: Review city council agendas and minutes, which are usually available online. These documents can provide insights into discussions and decisions related to development projects.

Network with Real Estate Professionals: Connect with local real estate agents, developers, and property investors. They often have insider knowledge about upcoming projects and market trends.

Attend Community Meetings and Workshops: Many cities host community meetings, workshops, or open houses specifically for discussing future development plans. These events provide opportunities to learn about and provide feedback on proposed projects.

Utilize Planning Apps and Websites: Some apps and websites specialize in tracking real estate development projects. Examples include BuildZoom and Zonda (formerly Hanley Wood).

Property Records and Permits: Monitor building permits and property records. Significant renovations or demolitions in certain areas can indicate potential future development.

These are just some recommendations. There are numerous other ways to go about getting insights into future development planning. Please feel free to reach out if you would like more suggestions or if you just want to discuss. Hope this helps!


 This is great info, thank you!

Quote from @Tim Goddard:

Hi all, 

Is the only way to figure out where future development planning is occurring is to go to city council meetings? Any one have any tricks/tips on figuring this out before development occurs so that we can try to front run it? Thanks


 Just to add... I have full access to Costar premium. I know they are good at staying on top of stuff like this. Anyone have any knowledge on how to utilize their services with regards to this? 

Hi all, 

Is the only way to figure out where future development planning is occurring is to go to city council meetings? Any one have any tricks/tips on figuring this out before development occurs so that we can try to front run it? Thanks

Quote from @Julie Muse:

Well, I can't offer any help in the commercial world. However, in residential I buy everything direct to seller.  I try to offer solutions to their house problems. We are finding that working with individuals in pre-foreclosure has been fruitful and there are so many people that have 40% equity or more. The goal is to buy their home before loosing it back to the bank and in alot of cases we are able to buy and give them money to move onto the next stage of their life. Also, PPC leads have been extremely profitable as well. 


Thank you for the response! If you do not mind me asking, what site do you use for pre-foreclosure? PropStream? 

Also, where are your PPC ads focused? Google, Bing, Instagram, etc? 

I am trying to really get started here in the Dallas market, which, is very competitive. Do you have any recommendations for someone in a competitive market? Or is the best choice to go outside of it and try to tap into a less saturated market

Thanks!!

Just out of curiosity, how are new investors making deals work in todays market? Commercial, residential, etc. How are y'all making the numbers work? Almost every SFH I come across is cash flow negative. Every commercial property for sale on costar is overpriced and impossible to cash flow.

I guess it just comes down to finding off market deals right now, so what is every one doing to make it work? I am new to investing, have done a few flips in the last 12 months, but want to eventually start building out my portfolio. 

Thoughts? Discussion? Would love to hear from people!