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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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14 January 2025 | 11 replies
Even if you're in a local 50+ league and want to be competitive, a coach is probably over-kill.
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4 February 2025 | 31 replies
We are open to meeting over a coffee, DMs, etc.Have a great day!
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9 February 2025 | 12 replies
I could move over to Cleveland to use the same property management for a similar deal?
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6 January 2025 | 17 replies
Very different advice if you were looking to make $20k a month while spending your days on the golf course or lake.
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27 January 2025 | 12 replies
Thank you all who responded, I plan on spending some time driving the neighborhood and talking to anyone at the local coffee shop who will talk to me.
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13 January 2025 | 15 replies
Nearly all of our business came from the relationships that our originators had built over the years.
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26 January 2025 | 51 replies
As a result, I would spend more time trying to understand who they are partnering with than anything else.
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12 January 2025 | 20 replies
They're not bad people, and they do want to spend their time with loyal clients.
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10 February 2025 | 27 replies
Quote from @Sherief Elbassuoni: Whenever I have cash, I put it as a downpayment for a new rental.Even if you got 4-5%, this is less than inflation, so your money is loosing valueMonth over month inflation is more current information than year over year...and it has been near zero in total for the past nine months and negative for 5 of those 9 months.