How SB-9 Unlocks Sales Potential // Separate Ownership · Homes built under SB-9 can be sold as individual legal parcels. · ADUs must remain part of the main property and cannot be sold separately. // More Development Options · SB-9 allows lot subdivision, creating up to 4 independent units (2 per lot) or a duplex (if no lot split), plus ADUs/JADUs. · Ideal for homeowners looking to maximize property value through direct sales. // Key Requirements · Each new parcel must be at least 1,200 square feet and no smaller than 40% of the original lot. · Homeowners must live on-site for at least 3 years after the lot split. · Must follow local zoning rules, including 4-foot minimum setbacks. · Tenant protections apply.

As part of the sale they take $500K in cash boot. 

Or to build a new one.The timing issue is only on the sale of the rest of the property. 

Would you recommend for me to post this property for sale as an owner?

Leverage: Use leverage wisely to acquire more properties while maintaining a healthy debt-to-equity ratio.3.

It will depress sales prices, even if there is a buyer willing to go through the hassle of dealing with this ordinance.

if i were to acquire these and have them be owner financed, I would want clear title and the other mortgage on this lot removed - especially if my loan has a balloon on it that matures prior to the existing loan, as how would to provide clear title?

John Jacob Astor, America’s first multimillionaire, built his fortune by acquiring vast tracts of Manhattan.

Alternatively, using your HELOC to acquire another cash-flowing property, then refinancing that loan later, can be a smart move.

I created an electronic google doc time tracker: Time LogContemporaneous time log of rental real estate activitiesActivity DescriptionTenant recruitmentTenant screeningNegotiating and executing leasesOverseeing repairs and maintenanceCommunications with tenants and vendorsTravel timeResearch for potential rental real estate (pub 925)Acquiring rental real estate (pub 925)Paperwork/bookkeeping/bankingResearch and purchase of materialsRent collectionEvictionOn-site cleaningBill paymentOther:Time SpentDateMM/DD/YYYYSubmit