Locations that Johnny Cash claimed to have gone to in “I’ve Been Everywhere”. Can you imagine if he bought land at each stop! I’m thinking that some of you may be close! You know who you are.
I spoke to someone just minutes ago who was looking to subdivide a 120-acre tract for sale to recreational users. He knows this type of user very well and believes that 5-acre lots are the ideal size for this buyer. Unfortunately, the zoning requires a 20-acre minimum lot size. His question for me was if there was any way to change the minimum lot size through a variance or something similar. Quickly, you can’t use a variance to deviate from minimum lot size requirements. So the only option would be to request a rezoning to a more intense zoning designation that allows for smaller minimum lot sizes. So the real question is if the property was a good candidate for a rezoning approval. In this case, likely not. And that has a lot to do with the zoning of the surrounding properties.
This reminded me that this is exactly the kind of information and material that is covered in the Rezoning for Profits course found on our website at the link below. Check out that page and take a look at the quick video below to learn more and be sure to reach out with any questions.
Here’s an example of a Entitle and Flip project that was recently brought through the entitlement process. This is an 83-unit assisted living facility that was being processed during the pandemic. This is definitely towards the more advanced end of the entitlement spectrum but it does give you an idea of some of the projects we work on and what can be accomplished by implementing the Entitle and Flip strategy.
Has anyone out there entitled a property and then sold it? Or even brought it all the way through development? We'll be sharing success stories of those in our group, as well as our own, each month in our Entitle and Flip Monthly Newsletter. Check it out to see what your colleagues are working on!
On a recent consulting call, I was speaking with a member of this group about an issue he ran into with the county. The county told him that the mobile home located on the property was considered an unapproved (illegal) structure/land use. When it comes to the legal status associated with any particular structure or land use, there are primarily three types of classifications that apply; legal land use; legal non-conforming land use; and unapproved (illegal) land use. In this case I was able to help them identify and locate the proper documentation to have the classification changed to legal non-conforming which helped him retain much of the anticipated value in the property.
Have any of you run across this issue before? If so, how did it work out?
Courtesy of mobilehomeinvesting.net
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