Purchase price: $1,435,000 Cash invested: $3,010,600 Sale price: $8,400,000 We identified multiple lots around the light rail system in WA, where we felt that properties are going toincrease in value significantly, these lots were re-zoned from SFH to multi-family (MUR35mostly), we have developed, permitted and starting to build: 8849 Midvale Ave N, Seattle – Two combined lots, zoned for multifamily where we built 12 townhomes 23007 55th Ave W, Mountlake Terrace – 7 townhouses in a walking distance from thelight rail station, in planning stages with the city of Mountlake Terrace, WA

I’ve paid for permit applications, clearing trees, survey, design and engineering, and architectural plans.

As far as sourcing the lot, dealing with zoning or the city on new construction permits, engineering plans, etc. 

However, this exemption often depends on specific criteria being met like building permits, zoning compliance, and certificate of occupancy for the newly created units and you would get this from the LADBS.

If you teach BRRR I would love to see how someone can teach construction management outside of the field and understand scopes of work, contract negotiations, permitting and dealing with contractorsWhat does the proforma look like and schedule of values?

One of the big challenges, as you may be aware, is the permitting for this type of community.

The county is going to go off the building plans/permits.

Becoming an employer adds a whole different layer of rules/taxes etc in addition to that it might not be permitted by the Broker

So we make developing make sense for investors.We're also leveraging modular construction technology and standardizing traditional construction processes to develop faster and easier than ever before.Would love to connect with anyone curious about ADUs, permitting, SB9, the entitlement process for vacant land, or just residential investing in general!

We have the capacity to go vertical, but we're open to selling permitted lots, developed lots, or finished homes.