Devin James
Unnecessary Limits on Housing Development
31 January 2025 | 7 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.
Jorge Vazquez
Ever Had to Fight an Appraisal? Let’s Talk About It!
21 January 2025 | 1 reply
Using a recent example from one of my deals, I saw firsthand how inaccurate comps, misclassifications, and unfair adjustments could impact an appraisal by tens of thousands of dollars.I’d love to hear from other investors—have you ever had to dispute an appraisal?
Terrence Stark
Builder Refusal to Provide Floor Plans
29 January 2025 | 0 replies
Hi there--My aunt is an interior designer in Texas. During a recent conversation, the following question came up:------------------------------------------------------------------------"The question is:You buy a 'new ...
Peter H Derry
Buyer's Guide: Purchasing Property for Your College Student
23 January 2025 | 0 replies
Purchasing a property for your child while they attend college can be a strategic investment and a great way to provide them with stable housing.
Makan A Tabrizi
Apartments.com Providing Residentscore
3 January 2025 | 11 replies
It indirectly impacts the credit score, which would be included in either metric.
Jerry Huerta
Oklahoma Real Estate Investing!
21 January 2025 | 4 replies
If you like impacting the nation by providing affordable housing you can really put people in houses here.
Leah Miller
Bank Won't Close Due to FEMA Disaster Designation
29 January 2025 | 24 replies
Sounds interesting.Hi Leah, as you might imagine, most of the benefits focus on individuals and properties directly impacted by the disaster.
Keira Hamilton
5 Lessons Learned From Selling My Laundromat
22 January 2025 | 4 replies
Some were unwilling to provide proof of funds.
Byron Umana
New to Airbnb Hosting? Here’s a Step-by-Step Guide to Get You Started!
20 January 2025 | 8 replies
Tools like AirDNA, Mashvisor, or even Airbnb itself can provide insights into guest demographics.
Keith Mintz
Sober Living Investment
21 January 2025 | 3 replies
With some changes to the management structure and leadership, I believe we can significantly increase the revenue potential while providing a positive impact.