Staying ahead of the game by understanding how local regulations align with state bills like SB-9, SB-684, and SB-423 can open doors to exciting development projects.SB-9: Simplifying Lot Splits and Duplex BuildsSB-9 streamlines the process for lot splits and duplex construction, offering a straightforward way to increase property value and expand housing options.SB-684: More Flexibility for Smaller ProjectsFor urban lots under 5 acres, SB-684 makes it easier to pursue smaller housing developments, transforming overlooked properties and vacant lots into productive investments.SB-423: Faster Approvals, Fewer HeadachesNo one likes endless waiting.

Determine if the area can support new construction.

Op ex ratio may end up being more like 45% or perhaps 40% with newer high quality construction.

Of that 50M, 25M was allocated for the construction of a new recreational faculty that has since been completed.

DSCR/hard money are non owner occupy loans.If you decide to do FHA203K for the first home - a 203K consultant/inspector will be required for the standard 203k loan, you will unlikely be able to serve as GC and you sign a 1 year occupany affidavit.

Additionally, the study must be completed by “qualified individuals” and “professional firms” that are competent in construction, design, auditing and estimation procedures for building construction.So while a specific methodology isn’t required by the IRS, taxpayers must ensure that their depreciation deductions and classifications of property are substantiated with supporting evidence.

I had a unique perspective of how these two industries working together.While performing an inspection on a house, I got to chat with the seller and found he was a commercial construction superintendent for a large local company.

That’s when I transitioned to multifamily properties—where owning multiple units under one roof maximized cash flow and long-term returns.To support my growing portfolio of fix-and-flips, wholesale deals, and rentals, I started a construction company.

Coming up with the money for tuition was hard as my business (construction) was not doing great at the time.My whole life changed when I went for it. 

We verify project feasibility and construction scope; and use 3rd party valuations and internal data to verify the as-is and subject to value.