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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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11 February 2025 | 16 replies
We pride ourselves in keeping the forums positive, helpful, and focused on real estate (please, no politics, religion, etc.).
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31 January 2025 | 8 replies
If they're going to force an eviction, I would want either 1) to just wait until it's done and keep extending the contract (if you're in no rush at all) or 2) ask for a substantial price discount to deal with it yourself.
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4 February 2025 | 12 replies
That phone call may be the decision maker.I would also look into Virginia Housing.
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25 January 2025 | 2 replies
You can also check out a group on Facebook with other investor like your self called Yellowbird.
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8 February 2025 | 2 replies
There's no statutory or common law basis to force the builder to provide plans.
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12 February 2025 | 27 replies
No matter whether your Rich or poor, city or countryfolk.
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20 January 2025 | 1 reply
Many of our LLCs have virtually no digital footprint.
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18 February 2025 | 7 replies
No one can predict the future but generally speaking you are probably fine over the long run.Did your Realtor not mention the proximity to the freeway?