What is a Specific plan?
You've heard of the general plan and the zoning code, but have you heard of something called a specific plan?
The zoning code in essence is a set of rules that implements the goals and objectives of the general plan. Similarly, a specific plan implements the goals and objectives of the general plan but instead of it applying to the whole jurisdiction, it applies to a specific geographic area within the jurisdiction. Typically, they are created for commercial corridors that have lost a significant amount of vitality and economic viability. These plans create opportunities for developers that don't exist elsewhere in the jurisdiction. That means there's opportunities for investors to capitalize once they have the knowledge in hand. Next time you're looking at a Planning website or on the phone with a planner, ask if there are any specific plans for portions of their community. You may be surprised what you find.
Entitle and Flip In Action
Entitle and Flip in Action: Once an underutilized vacant lot. Now a boutique hotel. This isn't where you start...but this could be where you go!
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Enttitle and Flip in Action
Entitle and Flip in action: Underutilized property once had multiple auto service uses and now...a multiuse development with commercial retail on the first floor and residential up above. This isn't where you start...but this could be where you go!
Not All Subdivisions Are The Same
Not all subdivisions are the same. Although subdivision regulations differ by jurisdiction, here are three common types of subdivisions.
Land divisions that are exempt from local platting requirements. These are the cheapest and fastest types of subdivisions. But not all parcels of land qualify. These subdivisions typically do not include the construction of roads and other improvements.
These types of subdivisions must comply with local zoning regulations and are typically limited to a small number of lots, such as the creation of no more than four lots. The process for this type of subdivision is often administrative or is limited in comparison to the process for major subdivisions. These types of subdivisions may include roadways and the extension of utilities.
As the name implies, these types of subdivisions typically include a significant number of lots and include streets and other improvements typically associated with larger residential subdivisions. These subdivisions may include parks, schools, fire stations and other amenities. As you would imagine, the process for these types of projects may be long and complex.
Check out our "Subdivide and Conquer" online course. This course is currently on sale!
In this course, you will learn....
Entitle and Flip Coaching Program
Don't miss this opportunity!
We have had a great start to our Entitle and Flip Coaching Program. We have some really motivated and intelligent investors in the group that are already working on some interesting and potentially very profitable projects. We're enjoying speaking with everyone and getting to know what their goals are and how we can all work together to get there.
We wanted to share more information about this program and who we, at Tolosa Property Group, are.
At Tolosa Property Group we...
We have had a great response so far and mean it when we say we have limited capacity. The goal of this program is to help seasoned land investors learn how to increase the value of property without ever touching it (through the use of entitlements) and to have a group of motivated and competent investors that can do deals together.
If any of this sounds interesting, contact us for more information. We look forward to hearing from you.
Real estate Mindset podcast
I recently had the absolute pleasure to be a guest on the "Real Estate Mindset Podcast." Check out the full podcast with Eric Nelson from Wild Oak Capital.
Full podcast can be found here.
Show notes: This week we get together with Mike Marshall of Tolosa Property Group to discuss land flipping. Mike has considerable experience working with land investors and has learned the value of persistence, patience, and maintaining relationships. In our conversation with Mike, we discuss the most important considerations that come with buying and selling land. We hear about Mike’s work with navigating entitlements for land, learn how entitlements add certainty and why that greatly benefits property value. Tuning in you’ll hear Mike outline his advice for what to avoid in land investment, like why you should always avoid rezoning a property wherever possible, as well as how to avoid city council evaluations. In our mindset section, Mike shares his morning routine and unpacks what he gained from doing a multitude of courses early in his career. You'll also discover the typical timeline for land flipping and gain insight into the wild variations that occur between different states, not just in pricing, but also in potential profits. Tune in today for an exciting look at land flipping and much more!
Key Points From This Episode:
It's been a great first week for our Entitle and Flip Coaching Program. We are working with some amazingly intelligent and driven people that are working on some exciting, forced appreciation opportunities. If you're looking to build your skill base, differentiate yourself from the competition and flat out make more money without touching the property in any way at all, come join your fellow land collogues and see what it's all about. No long-term commitment required.
How can we work together?
With the very recent release of our new Entitle & Flip coaching program, I've had the pleasure of speaking to a lot of you about where you're wanting to take your business. I've heard from many investors that they're ready to up their game, take their business to a new level and our Entitle & Flip strategy can do just that. Maybe you feel like competition in the land investing space is getting tighter, the Entitle & Flip strategy will help distinguish you from others by giving you a skill set that most others just don't possess.
There are a number of ways we can work together to get you going in the direction of entitlements. Check out the graphic below, visit our website, and contact me with any questions about how we can move forward in your investing business together.
I am blown away by the response we've received so far with the interest in our coaching program. I am honored to be working with so many of you and can't wait to see where all of this leads for all of us. Happy Friday and happy investing!!!
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!
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.