It wasn't and we had it permitted.

Hi,I have a permit to build a 720SF ADU in Oakland.

[Realtor.com]Starts & Permits: Long-term PerspectiveHousing starts disappointed in July 2024, falling 7% month-over-month to 1.24 million units (SAAR).

Realistic timeline 6mo not including permitting.

Is the city issuing new permits? 

I’m aware of permit requirements in my local township, and I would have to follow up with what’s required in the location of the investment property. 

Furthermore the local experts can confirm the following: (1) the use is allowed, (2) the use requirements can be protected by permitting and licensing and (3) the permissions are transferable through a sale.

Does the price, rehab, and ARV meet your percentage requirements after holding costs, closing costs, commissions, hard money fees, permits, & other soft costs?

Sure you had a city permit for everything along with inspections and rules to follow but so long as you did you could make a ton of money.  

So on the low end a $1.5M lot plus a 3,000 sq ft home x $300= $2.4M not including furniture and with permitting to build completetion running most builders 12 to 15 months.