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19 November 2024 | 15 replies
Well I moved to Oregon last year and just started networking with a few Realtors in the area learning which Counties are developing and looking for mixed use and small multifam opportunities.I'll be listing a ranchette in Santa Maria, CA in Jan 2025 before I make my final exit from CA!
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18 November 2024 | 24 replies
To find more deals: Develop a great business relationship with a stellar commercial agent and an mls agent that is a good negotiator.
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18 November 2024 | 13 replies
Sounds like you put in a Bonafide game player but no worries, they suck at the game.
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17 November 2024 | 7 replies
While residential development is generally restricted in these areas, there are specific circumstances under which it may be permitted:Special Mixed-Use Districts (MX): In certain M1-2 zones, residential use is allowed when paired with a residential district under the MX designation.
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15 November 2024 | 15 replies
Quote from @Luis Maza: Hi all, returning to the game this year and would like to pick your brain a bit, we started working with a wholesaler that will send us properties here and there with the "wholesale" price, but every time we check the properties and add the numbers, the margins are, well, I am not sure, too low perhaps, maybe we are getting to picky, but this is my dilemma for example...Today we got a property, wholesale price 300K, rehab about 50-60K, ARV is about 440k, but with the cost of hard money, we have about 100k cash, hard money interest at 11%, keeping the property for 90 days while we finish the rehab, closing costs, commissions, we ended with 30k profit before taxes, while it sounds appealing, adding up all expenses and cost we ended up expending 50K on rehab(labor/materials) and about 50-60K with cost of the loan, interest, commissions, etc, everyone makes money, happy with that, but it seems that we are working to produce a 100k for everyone else, while we make 20-30k if everything goes well...In my opinion, we are not really getting "wholesale" price, it seems that we either buying to expensive, rehabs are much more than we would like to spend and the cost of borrowing that money is too high...We came up with thoughts as: lets fund it ourselves with money from a close friend/partner that we will bring in, and that would save us 10-15k here and there, but still, is that the norm now?
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19 November 2024 | 26 replies
In order to add living space to the home, we worked with the city to develop egress window codes to add an additional bedroom as well as beautifully finished bathroom and family room.
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16 November 2024 | 7 replies
I want to be able to borrow against this somehow to give me capital to work on some other development plans that I have.Anyone have any advice on how best to pursue this?
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18 November 2024 | 17 replies
Seems like it would be a good place for economic development.Cool city, with great prices and really not all that far the the "Big" Cities.Probably has a good workforce of hard working people.How do you feel like your economic development board is?
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22 November 2024 | 92 replies
Playing the long game, it's not for those chasing rainbows, definently for the LT planned methodical focus.
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17 November 2024 | 3 replies
TV developers continue to build new construction, and many folks bought in the market to rent out before retiring in the last 18 months.