"If you feel there is the possibility of getting this land entitled and you want to charge a premium, then you should go get it entitled yourself" - Mike Marshall. As someone that works in the land space, this is one of the wisest quotes I've come across. People are quick to ask for premiums due to some believed upside, however they almost never acknowledge the time and risk involved. The key word there being "risk". We get paid for the risks we take.
I started working for a commercial developer in the Inland Empire and this video helped me make more sense of what goes on before construction begins. Thank you.
Man you had tons of info that i was looking for. Thank you!!! When building a house in California do you always need an architect and a civil engineer? or just an architect?
Does the scope of entitlement include the zoning change? Our entitlement only refers to getting an approval for a plan that confirms with the existing zoning?
So have you ever purchased a property and the website for auditor, the assessor and the treasurer all tell you its residential. Then after you buy it and record it you find out from the planning commission its under general industrial. I asked when this change occurred and why as it’s in a residential area. The secretary said not sure would have to talk to the executive to get rezoned. I can’t get with them until next week but I’m not wanting to go through that process. The planning secretary was shocked that everyone validated residential. This is a huge error on there part have you ever had this happen. I plan to contact zoning administrator to get a simple fix. If not I assume I’ll have to sue them because this will case me to be financially hurt. General industrial requires a min of 2ac but this is less than 1. So it’s messed up in many directions.
Hi Seth, Thanks for these informative videos, I am wondering if i want to start to get this type of flipping the land, If I am living in Canada can I still do it especially for the process of transferring the title on my name after purchasing the land, do I need to be present in the state?
Great interview buddy :D As always amazing content. I have started talking to big developers and getting more offers for bigger lots that can be subdivided into a good number of single families. It`s not easy but you can do it.
"If you feel there is the possibility of getting this land entitled and you want to charge a premium, then you should go get it entitled yourself" - Mike Marshall. As someone that works in the land space, this is one of the wisest quotes I've come across. People are quick to ask for premiums due to some believed upside, however they almost never acknowledge the time and risk involved. The key word there being "risk". We get paid for the risks we take.
Well said!
I started working for a commercial developer in the Inland Empire and this video helped me make more sense of what goes on before construction begins. Thank you.
I'm glad it helped! There's definitely a lot of groundwork needed before building (no pun intended).
Man you had tons of info that i was looking for. Thank you!!! When building a house in California do you always need an architect and a civil engineer? or just an architect?
Does the scope of entitlement include the zoning change? Our entitlement only refers to getting an approval for a plan that confirms with the existing zoning?
Yes
So have you ever purchased a property and the website for auditor, the assessor and the treasurer all tell you its residential. Then after you buy it and record it you find out from the planning commission its under general industrial. I asked when this change occurred and why as it’s in a residential area. The secretary said not sure would have to talk to the executive to get rezoned. I can’t get with them until next week but I’m not wanting to go through that process. The planning secretary was shocked that everyone validated residential. This is a huge error on there part have you ever had this happen. I plan to contact zoning administrator to get a simple fix. If not I assume I’ll have to sue them because this will case me to be financially hurt. General industrial requires a min of 2ac but this is less than 1. So it’s messed up in many directions.
do I get a title when I buy land ? In Maine they don't give you title for land.They just put your name in the computer .
Hi Seth, Thanks for these informative videos, I am wondering if i want to start to get this type of flipping the land, If I am living in Canada can I still do it especially for the process of transferring the title on my name after purchasing the land, do I need to be present in the state?
I have some land in Evans co under contract I am looking for an equity partner to develop or do the land entitlements
Great interview buddy :D As always amazing content. I have started talking to big developers and getting more offers for bigger lots that can be subdivided into a good number of single families. It`s not easy but you can do it.
That's awesome, Luis! Thanks for watching, and keep me posted if any of those deals pan out! Sounds exciting.
Thanks for this analysis!
Thanks for watching!
What civil engineer are you using???
Great tips, thanks!