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Getting your first deal: ...
Getting your first deal: Which direction should you take? Part III Entitlement timeframes.
Say your state poses a bit of a challenge from an entitlement standpoint. As we discussed in parts I and II, you have worked on your first deal-and it is coming along! You have even gotten to the next stage of pricing your unit(s). Now you are ready! Bring on the contractors-right? Here is where you can get into trouble if you are not careful! You may have a project that can take 18 months. Though that may sound like a long time, I have been told on past projects that ...
Getting your first deal: ...
Getting your first deal: Which direction should you take? Part II Pricing your unit/property
How would you price your units? Once you have gotten an estimate on your per unit value what is your next step? How far are you in the process? What are your next steps? In part one we discussed the per units value (this was determined from broker in the area). But let's say that you wanted to just take it to the point where you have the tentative track map approved and have actually sold it to a developer. How would you price that? Is there a kind of formula you can ...
Getting your first deal: ...
Getting your first deal: Which direction should you take? Part I
Are you working on your first deal? Have you come across an opportunity and you just aren't quite sure which direction to go in? This can be a confusing and frustrating situation if you have a property with a variety of potentials. It's enough to make you crazy! This isn't something to take lightly either-really look at all of your options. Different options give different outcomes, which can alter the money you have the potential to make. Let's take a look at this ...
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