ICYMI: Recently I had the pleasure to sit down and speak with Seth Williams with Retipster.com about all things land entitlements and how you can add a ton of value to a property without every touching it! Check out Seth's podcast here and let me know if you have any questions!
Well.....yes and no. The governor of California has recently signed into law SB9 which goes into effect on January 1st and has been touted as the end of single family zoning in California. Below is a summary of what is allowed by SB9. However, investors beware, there are a lot of restrictions that apply. For example, it doesn't apply in high fire zones, flood plains, etc. It also allows for very limited demolition of existing homes and requires one of the units to be owner occupied. So when you hear about this amazing new investor opportunity in California, realize that while there are some potential opportunities, there are also some strings attached.
This is a creative way to use the entitlement process to add value to an existing RV Park. Currently this RV Park has a Conditional Use Permit that restricts the length of stays to two weeks. Then the owner of the RV has to move the coach offsite for at least three days. The owner believes he could lease more spaces if there wasn't a time limit on at least some of his spaces. In order to do that, he needs to modify the existing conditions of approval to allow for his extended stay spaces. If the request is approved, revenue and therefore value increases. All it takes is a little knowledge and some persistence. This is exactly the kind of strategy we teach in the Entitle and Flip course and coaching program. You could do the same thing!
What are land entitlements
Recently I had the pleasure to write an article about all things land entitlements for my friend Seth Williams at REtipster.com. We were also able to sit down and talk about it. EVERYTHING you'd ever want to know about land entitlements is there. You can check out the article, and video, here.
It's my birthday (thanks to all of you for the kind messages and well wishes) and to celebrate, we've opened up our Entitle and Flip Coaching Program for new members to enroll starting NOW! I have had the pleasure of speaking to a number of people about this program over the past couple of weeks and I really do want to reiterate that my intentions for this group are to get a small group of like-minded individuals together that want to do Entitle and Flip projects. We have a number of members that have joined already, so if you're interested please let me know if you have any questions before joining. Space is very limited.
Check out the details and sign up at tolosapropertygroup.com/coaching-program.
Casual Friday's REI Live Event
Getting pumped up! About time to share some knowledge and learn a whole lot more from a great group of land investors at the Casual Friday’s REI live event. Looking forward to seeing many of you there!
We've had great feedback on so many of our courses and services we provide and we're so grateful for that! One thing that has been brought up over and over is the desire of many to jump into the world of development and entitlements, but they just don't know where to begin. Well, we're here to help! We are now offering the Entitle and Flip Coaching Program.
The goal of this program is to help seasoned land investors learn how to increase the value of property without ever touching it. We do that through the use of entitlements. Entitlements are a vested right granted to property owners by local jurisdictions allowing them to use or develop their property in a specific way. Once granted, these rights cannot be taken away. The perception of risk associated with the land development industry has to do with the lack of certainty associated with a proposed project. Entitlements change all of that. Entitlements add certainty, and certainty adds value! If you can learn how to use entitlements to your advantage, you not only can profit, but you can also serve as a catalyst for positive change within your market.
We are excited to work with our coaching program members more closely and to see that the sky really is the limit in the world of investing.
Details for the program are listed below. To join our group or for more information, visit tolosapropertygroup.com/coaching-program.
Note, when we say limited space available, we really mean it. We're providing an individualized program to members and will be working closely with them to help ensure they're guided through, what can be, a very profitable world of development. If you're interested, don't wait! We anticipate filling up fast.
Casual Friday's REI Podcast
Last year I was able to sit down with Adam and Justin on their Casual Friday's REI Podcast to discuss due diligence, especially with infill lots. Always such a great time speaking with them!
Check out the full podcast here!
Would you love to do a subdivision project but think they’re too hard? I’m going to let you in on something….not all subdivisions are the same. Some require public hearings, public roadways and the extension of utilities.
And then there are exempt subdivisions. Click on the link below for an example. You’re welcome!
How valuable is certainty in real estate? How valuable would it be to a developer if they knew with 100% certainty that they could build their project? How valuable would it be for a business owner to know for sure that they could move their business into a commercial building?
Entitlements add certainty, and certainty adds value.
We just released our course called Entitle and Flip which goes over these kinds of forced appreciation strategies. Stay tuned….we have something else on the way that will help you separate yourself from the herd by learning to add value to a property without ever touching it.
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.