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4 February 2025 | 10 replies
Quote from @Devin James: In one of our development projects, the City staff asked us to remove 40 units from our concept plan.This wasn’t requested by the City Commission at a formal hearing, it was the opinion of the staff.Our original concept already proposed fewer units than the current zoning would have allowed.Here’s what erasing 40 units means:- 40 fewer homes for buyers- Over $1M in lost profit for our team- Fewer tax dollars and impact fees that could’ve benefited the City’s infrastructure & servicesWe gotta get betterEveryone wants more affordable housing, but not everyone wants to do what it takes to achieve it we never listen to the recommending bodies. we move for city approvals and work closely. the other thing we do is keep going back to the same groups over and over and over and over every month on the same agenda and make very small reductions like 2% or 4% and that reduces and beats them down eventually they accept what you want. it's just before beating a dead horse. we keep tabling until they give us something we all agree on then we go to vote. in our city in columbus we have to get recommendations but that's our strategy. we used to come out as aggressive as possible. we typically study developments in the area and keep it very similar in terms of density. we have a track record of very controversial projects and litigation and not taking no as an answer. after a year of that haha I can tell you it's not worth it. now we are more relationship based and buying the right kinds of plots of land. if the numbers don't work on the front end don't do the development.
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4 February 2025 | 3 replies
Are there any investors looking to team up and any lenders for buy and holds and new construction?
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29 January 2025 | 2 replies
Hello all,My team and I are looking to purchase property in Cape Coral/fort Meyers area.
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5 February 2025 | 2 replies
You should also check out The FI Team's Podcast.
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3 February 2025 | 7 replies
These areas not only offer reasonable purchase prices for most investors but also feature turnkey homes—either newly built or fully renovated, ready for tenants, with systems that still have 10+ years of life remaining, and property management teams in place.
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5 February 2025 | 11 replies
There is a ton of opportunity off-market.Connect with an out of state investor agent that has a team that can cold-call.
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29 January 2025 | 8 replies
At the end of the day, the backbone of every business is pretty much the same: you need a strong, committed team.
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7 February 2025 | 14 replies
Many of these areas also benefit from both rising home values and increasing rents.Ultimately, successful investing comes down to selecting a growing market, a strong neighborhood, and building a reliable team to support you.
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24 January 2025 | 2 replies
Based on some of the previous similar threads, it seems that having a good cross-border team is a crucial step in this game.