I'm really excited about this latest episode that we recorded with Katie Neason. Katie is a real estate developer who is passionate about redevelopment opportunities. If you're interested in how land investors can make a difference by participating in the revitalization of our downtown areas, this episode is for you!
Listen now here.
We're excited to offer our newest educational opportunity!
Summer Seminar Series: How to Use Entitlements to Increase Revenue and Add Value to Commerical Property
I have had many conversations with investors about the shifting market and what we can do to stay out front, be creative with our investment strategies, and add to our investment arsenal. In this summer seminar series, I will be taking an in-depth dive into how to use entitlements to increase the value of commercial property and how this strategy can help expand your business.
Details are listed below, but message me or email Kelli at email@example.com with any questions. I'm really looking forward to this opportunity to speak with you about this interesting strategy!
*Coaching members receive a 30% discount - see Member Access page for discount code*
**Early bird discount - sign up by June 7th and receive 10% off (no discount code needed). The registration fee will be regular price as of June 7th.**
Register at: Education
I recently had the pleasure of being on the Scalable Real Estate Investing podcast with Mason Klement. We had a great conversation about the world of entitlements and how we as investors can use them to add value to property of any kind. Certainly worth the time to check it out!
Take a listen here
Check out the latest episode of the Dirty Real Estate Show. We take a different approach by focusing on unique ways to add value to your land investment. Sometimes it's simple onsite improvements and sometimes it more discreet or subtle approaches to adding value. Either way, we are sure that you'll get something out of it. Give it a chance and let us know what you think.
As we know, lining up a builder/buyer before entitlements are approved is an ideal way forward. However, sometimes investors have trouble locating builders to work with.
One creative tip is to contact the local building department and request copies of the latest building permit applications. Those applications will have the contact information of active builders in your market. Use that information to start your outreach efforts.
These are the kinds of tips we share with our coaching members to help them get the upper hand in their market.
In the meantime, check out this list of builders that are active not only in California, but throughout much of the country as well.
List of Builders
When entitling a property, it's imperative to understand the value of that entitlement so you can properly analyze the opportunity. Unfortunately there is no set in stone rule, but here's my attempt at it. Feel free to ask questions or poke holes in it. Hoping that this prompts some thoughtful comments.
Entitlement Value= Residual Land Value (RLV) - Comparable Land Value (CLV).
Hint: First question should be.....how do you determine RLV.
I talked to an investor friend on Friday. He recently purchased a commercial lot and went through the entitlement process for a self-storage facility. He was all in at $1.5M. He immediately got an offer for $9M once the entitlements were approved. Crazy enough, he turned down the offer! Here's why....
He figured out that he could build the facility himself and be all in at $20M and then sell it turn key to a national operator for $45M.
So when do you turn down a $7.5M payday?......when you have a $25M payday right down the road!
A bit of Monday morning motivation for you! Have a great week everyone.
Not enough roadway frontage for your subdivision?
Here’s a possible solution.
Flag lots are essentially a parcel of land situated at the back of a long access strip as shown below. If the jurisdiction allows for it, this can be a creative way to maximize the number of lots!
State By State Platting Exception List
We all know that subdividing a property is an excellent way to force appreciation on a piece of land. But did you know that not all subdivisions are the same? When we think of subdivisions, we tend to think of infrastructure like roads and utilities or community amenities like parks and pools. But there's another type of subdivision, one that lets you fly under the radar. This type of subdivision allows you to sidestep engineers, public hearings, and lengthy review processes. Not every state allows for these types of subdivisions, and those that do have different sets of qualifying criteria. Until now, the challenge has been knowing which states have what are called exceptions to the platting rule and which ones don't. Even more challenging is understanding the qualifying criteria for each of these states.
We've solved that problem for you by conducting an extensive research effort to answer these exact questions saving you a massive amount of time and frustration trying to figure it all out on your own. This type of information is typically reserved for our coaching group, but now we are making it available to the land investor community as a whole. The State by State Platting Exception List is a complete rundown of all 50 states identifying which states have these exceptions and even better, the qualifying criteria for each! This is a massive value for an investor that wants to get into the world of forced appreciation through subdivisions.
To purchase, visit: Consulting/Resources
Who are we?
Our purpose is to inform and advise investors through next level education and services so they can distinguish themselves in their market.