Everyone wants to know what's going to happen in the housing market. Even though rising interest rates will impact affordability, there is still a massive housing shortage in many places throughout the country. I think that what you will see is that builders will still build, but the product type may shift. You're already seeing that in some parts of the country. Higher density residential development is where it will go. Take a look at this article talking about markets with significant upticks in multifamily approvals. Read it here.
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Here is something that most investors don't know....local jurisdictions have a required parking ratio for onsite parking that is tied to each business in a shopping center? For example 1 space for every 250 sf of retail, 1 space for every 100 sf of restaurant, etc. But what happens when you don't have enough spaces to allow for your that popular chicken restaurant that you want to fill your space? The owner loses income and if it persists they can lose value as well. This can be an easy six figure problem in some cases. How valuable would a solution be? How much value could you add if you had that solution?
This solution is one of the strategies we discuss in our upcoming seminar series on how entitlements can add value to commercial property. If you're interested in learning new strategies in a shifting market I suggest you take a look. Contact me if you're interested and I will send you the details right away! Early bird discount is expiring soon! mike@entitleandflip.com 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!
Listen here. 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. 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 kelli@entitleandflip.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 |
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