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.
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.
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.
Announcing the release of the Entitle and Flip Newsletter!
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Check out the first issue for free by clicking on the link below. No sign up, credit card or anything like that. If you find value in what we have to say, consider signing up for the monthly newsletter…only $10 per month.
To find out what uses are allowed within a certain zone, you need to study the permitted use chart within the zoning code. Once you get there, you need to know the difference between uses that are permitted by right versus those that may be conditionally permitted versus those that are prohibited. Permitted by right means that the use is permitted in that zone without any other formal review or permit. The opposite side of the spectrum are those that are prohibited, meaning they’re not allowed. And then there are the conditionally permitted uses that lie in the middle. These uses may be approved subject to specific conditions of approval. Or….they could be denied. This is the starting point of determining development potential for an end buyer. What zone is it in, and what are the allowable land uses.
IS YOUR PROPERTY IN AN OVERLAY ZONE?
You're likely familiar with what is called base zoning. But do you know what an overlay zone is? An overlay zone is a separate zone that is placed on top of, or "over" an existing base zone. The overlay zone identifies special provisions in addition to (or instead of) those in the underlying base zone.
For example, you can have a commercial base zone that doesn't allow for residential uses and then an overlay zone that sits on top of a portion of the base zone that does allow for residential uses. Other examples of overlay zones include mobile home overlays, job creation overlays, movie studio overlays, auto services overlays. Jurisdictions can create overlays for many types of uses.
So the next time you ask the planning office what the zoning of a property is, make sure you ask if it's in any kind of zoning overlay. If you don't you may be missing out on opportunity to broaden your buyer pool.
Our purpose is to inform and advise investors through next level education and services so they can distinguish themselves in their market.