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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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7 February 2025 | 1 reply
Hey everyone, I am wondering if anyone else is out there that purchased land at auction in Deltona FL.
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23 February 2025 | 14 replies
Everyone seems to have an angle.
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23 February 2025 | 5 replies
Everyone's situation is different and keep your eyes on the prize and you hit those goals.
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5 February 2025 | 5 replies
Piece of advice - when I started I wish I would have focused on my multifamily niche/expertise from day one vs trying to be the agent for everyone (flippers, STR buyers, land, etc).
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19 February 2025 | 88 replies
Everyone's mortgage payment will increase over time due to taxes and insurance.
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23 February 2025 | 246 replies
When a deal pans out as projected, everyone (almost everyone) is happy.
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22 February 2025 | 5 replies
I agree with everyone posting on this topic here @German Fernandez, @Tyler Munroe, @Deirdre Lizio.
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21 February 2025 | 13 replies
Or you go north, which makes you a lot more remote, far away from the next Home Depot, and a long drive for everyone, but opens you up the snowmobile and ice fishing season.IMO the most important thing is to buy quality real estate, no matter how you rent it.