In simple terms, an annexation is when a city increases the size of its jurisdiction by bringing in, or incorporating adjacent property that previously was not a part of the city. The reason you should care is that when a property gets annexed, all the rules change! That can be great and that can be not so great. Annexations can be initiated by the jurisdiction itself or by a property owner....that's you! If your project is bringing enough value to the city this can be the your opportunity to write the rules yourself!
If this is of interest to you, you really need to check out our coaching group. We have a lot going on inside. To see how what we offer can fit into your existing business, set up a quick call here.
If you were ever curious about how to find rezoning opportunities, here's one proven way. Look at the zoning map for the jurisdiction you're working in. Look for the areas where one property is zoned one way and the property right next to it is zoned something different. In the image below, the orange property is zoned for duplexes while the property in green is zoned for commercial uses. There is a strong arguement to be made to rezone the duplex (orange) to commercial (green). Hopefully you'll never look at these zoning maps the same again!
Hot off the presses people! Check out the latest episode of the Dirty Real Estate Show where we talk about the crazy way that property taxes are determined and the reason behind them to begin with. Enjoy!
Tip of the Day!
Here's a tip for you.....Once an entitlement is approved, the owner has typically 2 years to act on the approval. Once it expires, they have to start over. The next time you are talking with the local planning office, ask them if they are aware of any subdivision projects that are about to expire. Oftentimes those owners are in distress and may need a solution to their problems. This spells opportunity for investors like us!
ATTENTION WHOLESALERS! We have great news. We have created a new opportunity set up especially for you. The newly created Broker/Wholesaler membership level has been set up for you to gain exposure to our growing group of investors that are focused on adding value through the use of entitlements such as subdivisions, zone changes and more. As a new member you get the following:
If you would like to learn more about our group by scheduling a 15-minute call with me, you can do so by clicking here.
New Podcast episode
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.
Summer Seminar Series
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 firstname.lastname@example.org 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.
Tip on how to find a builder/buyer
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
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.