David Hori
Is Pace Morby a Scam?
10 February 2025 | 120 replies
Education on real estate appears to be a much better business than real estate itself.
Devin James
Unnecessary Limits on Housing Development
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.
Travis Smith
Using real estate for tax purposes only
1 January 2025 | 5 replies
But 1031ing your current land into better production land that you rent out can be a very stable platform.
Drew Poniewaz
Seller/ Owner finance restrictions on Zillow
30 January 2025 | 4 replies
IE rent to a tenant for >12 mo, dating before marriage, no late payments then with a down paymetn (long story here) I'll sell on either a contract for deed (typically mobile homes on land) or a note and mortgage (regular nicer houses).
Nico Banuelos
Real Estate Investors?
16 January 2025 | 1 reply
Are you a buyer in the Arizona Market? Let's connect so I can get you on my exclusive investors list. We are selling properties first come first serve.
Kody Smith
Hello, I'm just Getting started with creative finance.
24 January 2025 | 4 replies
For your 1st time, pay a Property/Land/Transaction Attorney to review the title commitment with you to make sure that there are only the outstanding liens on the property, and that the owner has title.- Collect Tax Certificate to verify Property Taxes are Paid- Get a current statement from the seller to verify the existing balance, if they are delinquent, you can get the bank on the phone to verify the amount to make the loan current.- Review the loan documents, there is most likely a due on sale clause, which is why you won't find a title company to process these for you.
Roland Stone
Anderson Business Advisors
25 January 2025 | 15 replies
For llc, land trusts, or living trusts?
Diandre Pierce
DSCR lending expert
20 January 2025 | 23 replies
Park owners always own the land, sometimes they will own the homes and rent/lease them to tenants.