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In this episode, Derek Sherrell, who has a background in construction and real estate investing, shares his experience with building Accessory Dwelling Units (ADUs) and using them as a way to generate passive income. He provides an overview of ADUs, including their different types and the importance of researching local planning and zoning codes. Derek emphasizes the benefits of house hacking, which involves building an income stream on a property, such as by renting out a garage or building an ADU. He shares tips for financing ADUs, including seeking out local banks and credit unions, and emphasizes the importance of doing due diligence on contractors before hiring them. Finally, Derek encourages viewers to be creative and open-minded in their real estate investing endeavors and to seek out networking events to build relationships with other investors. If you'd like to meet with Beau to talk financing, book a call here ( http://bookwithbeau.com/ )
Are you interested in multifamily investing but overwhelmed by the prospect of buying an entire apartment building?What if you could dip your toe in the water with accessory dwelling units or ADUs?The ADU strategy involves either converting a SFH into multiple units or building standalone, detached units on a single family lot.After several years of building ADUs for clients and friends, Derek Sherrell decided to leverage those skills into developing projects that would help him gain financial independence.Two decades later, Derek is the real estate investor behind That ADU Guy. His platform teaches the strategy to help others earn passive income and address the affordable housing crisis at the same time.On this episode of Financial Freedom with Real Estate Investing, Derek joins me to discuss the different categories of accessory dwelling units you might consider, convertible ADUs versus standalone, detached units.Derek walks us through the process for getting permission to build accessory dwelling units, explaining why everyone should consider building an ADU at their primary residence and how to get financing for such a project.Listen in for Derek's insight on the profitability of building accessory dwelling units and find out if ADUs are the right steppingstone into YOUR multifamily investing career!For full episode show notes visit: https://themichaelblank.com/podcasts/session372/
Laurențiu și Alexandru se cunosc din liceu. În 2012, s-au reîntâlnit la o petrecere, amândoi proaspăt demisionați. Au visat atunci să renască tradiția uitată a berii artizanale din România. Cândva, fiecare județ avea propria bere și existau 100 de branduri artizanale. Au produs prima halbă în octombrie 2013 și, timp de doi ani, n-au știut dacă vor reuși sau nu. Pariurile și sacrificiile din această perioadă, și din toată istoria de un deceniu, sunt puțin cunoscute. Zăganu a făcut pionierat și este azi lider în această industrie mică, de doar 0,3% din toată piața de bere. Am vorbit cu Alexandru și Laurențiu în aprilie 2023, într-o conversație live, la Teatrul Apollo111, despre momentul de căutare de sine care i-a adus împreună. Despre aventura primilor doi ani și a următorilor, despre parteneriatul dintre ei și fascinația de a face ceva ”real”, palpabil și cu sens. Despre valori și cum i-au ajutat în momentele de cumpănă și despre cum au creat o piață, om cu om și butoi cu butoi. Despre tradiția și echipa care au făcut posibilă povestea, despre noroc, oameni providențiali și cum au gândit când au accceptat o investiție de la fondul Vertical 7. **** Conversațiile live The Vast&The Curious sunt susținute de BCR. BCR e alături de antreprenori la fiecare pas de la idee la un business inteligent, pentru a obține finanțarea de care au nevoie. În ultimul an și jumătate, a consiliat, mentorat și finanțat 10.000 de companii, care creează 600.000 de locuri de muncă. **** Partenerul nostru este de asemenea MedLife, cel mai mare sistem medical privat din România. O organizație construită cu pasiune și îndrăzneală de către un grup de antreprenori români care cred că împreună putem să facem România bine. **** Evenimentele live vă sunt prezentate și de Autonom, o companie de familie, cu o experiență de peste 16 ani în furnizarea de soluții de mobilitate "ca la carte”. Autonom crede în impactul pozitiv pe care îl poate avea prin învățare continuă și implicarea directă în comunitate, prin susținerea educației și a antreprenorilor cu viziune. Note, un sumar al conversației, precum și cărțile și oamenii la care facem referire în podcast se găsesc pe andreearosca.ro Pentru a primi noi episoade, vă puteți abona la newsletter pe andreearosca.ro. Dacă ascultați acest podcast, vă rog lăsați un review în Apple Podcasts. Durează câteva secunde și ne ajută să îmbunătățim temele și calitatea și să intervievăm noi oameni interesanți.
Are you interested in real estate investing but don't know where to start? In this podcast episode, Karl shares valuable insights on the walkability and bikeability of various locations, including Seattle and Salt Lake City, as well as the advantages of investing in multi-family properties. Discover how Seattle is reversing zoning restrictions to increase density with multi-family properties, town homes, and Accessory Dwelling Units (ADUs), and why Texas is a landlord-friendly state. Tune in now to learn how you can start building your real estate portfolio! [00:01 - 07:32] Saving Time and Avoiding Costly Mistakes Save time, avoid costly mistakes and begin living the life you've dreamed of Charging for secured access can curb supply and demand equilibrium [07:33 - 15:43] Unlocking Equity in Seattle's Single Family Market Increased density in Seattle has allowed for lower cost housing House hacking is a popular way to rent out separate portions of a home Investors can buy old, dilapidated single family homes and restructure them into ADUs and DAUs [15:44 - 23:06] Navigating the Landlord Landscape in Seattle Splitting the lot could increase the value of a property, even if it is just a duplex Cash flow in multi-family spaces is higher than single family homes [23:07 - 27:30] Closing Segment Landlord friendly states are better for investing than Seattle due to restrictions on evictions, late fees, rent increases, etc. Listeners can visit aurorasinvestmentgroup.com to learn more about Karl and his work Tweetable Quotes: “If you are in selling mode, you can see quite a bit of a capital bump.” – Karl Krauskopf “So what makes it difficult here in Seattle for landlords is the restrictions around who we can evict.” – Karl Krauskopf You can connect with Karl Krauskopf through his: Email: KARL@AURORASINVESTMENTGROUP.COM Social Media: LinkedIn Visit sponsorcloud.io/contact today and unlock $2,000 of free services exclusively for REI Rocks community members! Get automated syndication and investor relationship management tools to save time and money. Mention you're part of the REI Rocks community for exclusive offers. Help make affordable, low-cost education summits possible. Check out Sponsor Cloud today! LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode. Are you confused about where to start? Join our community and learn more about real estate investing. Head over to our Facebook Page, Youtube Channel, or website https://www.theacademypresents.com/jointhesummit36848306. Connect with Lorren Capital, LLC. for syndicated multifamily investments, https://lorrencapital.com/. To learn more about me, visit my LinkedIn profile, and connect with me.
After decades of effort by urbanists, which often felt like the work of Sisyphus, housing has arrived as a political issue. Big environmental groups have come around to the idea that dense housing is a crucial climate strategy, support is growing from unions worried that their members can't afford to live where they work, and polls show that the public is increasingly convinced that there is a housing crisis. Over the last five years, a wave of good housing legislation has been building on the West Coast, spreading from California to Oregon and now to Washington state. In this last legislative session, some 50 housing bills were put forward in the Washington legislature and more than a half dozen passed, any one of which would have been historic.One of the most significant bills that passed this session — and one of the biggest surprises — was House Bill 1110, which legalized so-called “missing middle” housing statewide. Every lot in the state will now be permitted to build at least two units of housing, four units when located near transit, and up to six units if some portion are set aside for low-income homeowners.And that's just one bill. Other bills would legalize accessory dwelling units (ADUs) on all lots in the state, require municipalities to integrate climate change into their growth plans, sharply restrict local design review, and ease permitting of multi-unit residential housing. It's a feast.The lead sponsor of HB 1110 is Rep. Jessica Bateman, who represents the capital city of Olympia. She was elected in 2021 and quickly established herself as a champion of equitable housing and a tireless organizer. Through sheer force of will, she brought together a broad coalition that was able to push the bill over the finish line, defying predictions.Like Washington state Rep. Joe Fitzgibbon, who I interviewed for Volts back in 2021, Bateman is widely seen as a rising star in the legislature. I was excited to talk to her about her bill, the wave of other housing bills this session, and the broader politics of housing at the state level. Get full access to Volts at www.volts.wtf/subscribe
Real estate cash flow is why most investors decide to buy rental properties. But with interest rates at decade-long highs, rents starting to stagnate, and home prices still in unaffordable territory, making cash flow, or breaking even for that matter, has become challenging. And while the “golden age” of cash flow real estate investing might be over, there are still numerous ways to bring in more passive income on properties you already own. We're back for another Seeing Greene, where your favorite investor, broker, and “definitely not a loan expert,” David Greene, is back to answer YOUR real estate investing questions. This time around, we've got some serious questions about which rental properties are worth buying, how to get around zoning headaches, whether building an ADU is worth the money, and whether or not now is the right time to sell a high-equity property. David also touches on the EASIEST way to increase your cash flow in 2023 and the investing method that EVERY investor should focus on. Want to ask David a question? If so, submit your question here so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he's going live so you can hop on a live Q&A and get your question answered on the spot! In This Episode We Cover: How to “supercharge” your real estate cash flow by looking for money in places most investors avoid Zoning requirements and how to get around them by building ADUs or making some simple rental property tweaks Investing out of state and whether selling your primary residence to buy rentals is ever worth it How to start and structure a real estate partnership (and why David invests solo) Building an ADU vs. buying a rental property and which is a MUCH safer bet When to sell vs. hold a rental property (even if you have HUGE equity gains) And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch BPCON2023 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David's YouTube Channel Work with David Work with David's Mortgage Team Try the BiggerPockets Rent Estimator on Your Next Property Is Building an Accessory Dwelling Unit (ADU) a Worthwhile Investment? Books Mentioned in the Show: Long-Distance Real Estate Investing by David Greene Connect with Guest Cristian: Cristian's BiggerPockets Profile Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-756 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
Tim Gordon is a passionate real estate investor based in Oceanside, San Diego, who specializes in sourcing off-market residential deals for value-add opportunities. With a keen eye for investment opportunities, he is committed to growing his rental portfolio by leveraging his assets and marketing strategies to enhance his lifestyle and overall quality of life. Tim has an exciting new development in his personal life as well – he and his partner are eagerly anticipating the arrival of their first child, a baby boy, in August. Tim is thrilled to embark on this new journey and looks forward to balancing his professional and personal goals with the joys of parenthood. [00:01 - 05:19] Opening Segment [05:20 - 15:38] Maximizing Real Estate Investment Returns with ADUs [15:39 - 23:08] Tips, Tricks, and Secrets from Successful Investors [23:09 - 26:54] Legacy Round [26:55 - 45:05] Slice of Knowledge CONNECT WITH US: Ike Ekeh Instagram: @ikeekeh_ Website: www.rubiconcre.com Email: ike@rubiconcre.com Twitter: @ikeekeh LinkedIn: Ike Ekeh Dre Evans Instagram: @drmultifamily Linkedin: Dre Evans Twitter: @drmultifamily Email: thatsmypropertyinv@gmail.com Website: www.drmultifamily.com Grab your copy of That's My Property on Amazon San Diego Real Estate Investor Meetup Group Chi Nguyen LinkedIn: Chi Nguyen Email: chi@7einvestments.com FIND US ON: Apple Podcast Spotify Libsyn Amazon Music Audible I Heart Radio Multifamily by the Slice Podcast Podchaser Tweetable Quote “Don't quit your day job. Having a day job is a great thing because it gets you access to loans and if you don't have access to loans, then you're paying cash for everything and that doesn't go very far. ”- Tim Gordon --- Send in a voice message: https://podcasters.spotify.com/pod/show/dreikechi/message
The Federal Housing Administration (FHA) published for feedback a draft update to its requirements for insuring mortgages on single family homes with Accessory Dwelling Units (ADUs). The proposal adds additional flexibility in calculating market rent and in using ADU rental income to qualify for FHA-insured mortgage financing. If finalized, these updates would allow more borrowers to qualify for FHA financing for properties with ADUs, including 203(k) renovation loans. FHA's action today advances the goals of the Biden-Harris Administration's Housing Supply Action Plan. https://www.hud.gov/press/press_releases_media_advisories/hud_no_23_075 This is a show for millennial first time home buyers looking to buy their 1st home and build generational wealth through real estate. Real estate is a way to build black wealth and close the wealth gap.
Tim Gordon is a passionate real estate investor based in Oceanside, San Diego, who specializes in sourcing off-market residential deals for value-add opportunities. With a keen eye for investment opportunities, he is committed to growing his rental portfolio by leveraging his assets and marketing strategies to enhance his lifestyle and overall quality of life. Tim has an exciting new development in his personal life as well – he and his partner are eagerly anticipating the arrival of their first child, a baby boy, in August. Tim is thrilled to embark on this new journey and looks forward to balancing his professional and personal goals with the joys of parenthood. [00:01 - 05:19] Opening Segment [05:20 - 15:38] Maximizing Real Estate Investment Returns with ADUs [15:39 - 23:08] Tips, Tricks, and Secrets from Successful Investors [23:09 - 26:54] Legacy Round [26:55 - 45:05] Slice of Knowledge CONNECT WITH US: Ike Ekeh Instagram: @ikeekeh_ Website: www.rubiconcre.com Email: ike@rubiconcre.com Twitter: @ikeekeh LinkedIn: Ike Ekeh Dre Evans Instagram: @drmultifamily Linkedin: Dre Evans Twitter: @drmultifamily Email: thatsmypropertyinv@gmail.com Website: www.drmultifamily.com Grab your copy of That's My Property on Amazon San Diego Real Estate Investor Meetup Group Chi Nguyen LinkedIn: Chi Nguyen Email: chi@7einvestments.com FIND US ON: Apple Podcast Spotify Libsyn Amazon Music Audible I Heart Radio Multifamily by the Slice Podcast Podchaser Tweetable Quote “Don't quit your day job. Having a day job is a great thing because it gets you access to loans and if you don't have access to loans, then you're paying cash for everything and that doesn't go very far. ”- Tim Gordon --- Send in a voice message: https://podcasters.spotify.com/pod/show/dreikechi/message
Tim Gordon is a passionate real estate investor based in Oceanside, San Diego, who specializes in sourcing off-market residential deals for value-add opportunities. With a keen eye for investment opportunities, he is committed to growing his rental portfolio by leveraging his assets and marketing strategies to enhance his lifestyle and overall quality of life. Tim has an exciting new development in his personal life as well – he and his partner are eagerly anticipating the arrival of their first child, a baby boy, in August. Tim is thrilled to embark on this new journey and looks forward to balancing his professional and personal goals with the joys of parenthood. [00:01 - 05:19] Opening Segment [05:20 - 15:38] Maximizing Real Estate Investment Returns with ADUs [15:39 - 23:08] Tips, Tricks, and Secrets from Successful Investors [23:09 - 26:54] Legacy Round [26:55 - 45:05] Slice of Knowledge CONNECT WITH US: Ike Ekeh Instagram: @ikeekeh_ Website: www.rubiconcre.com Email: ike@rubiconcre.com Twitter: @ikeekeh LinkedIn: Ike Ekeh Dre Evans Instagram: @drmultifamily Linkedin: Dre Evans Twitter: @drmultifamily Email: thatsmypropertyinv@gmail.com Website: www.drmultifamily.com Grab your copy of That's My Property on Amazon San Diego Real Estate Investor Meetup Group Chi Nguyen LinkedIn: Chi Nguyen Email: chi@7einvestments.com FIND US ON: Apple Podcast Spotify Libsyn Amazon Music Audible I Heart Radio Multifamily by the Slice Podcast Podchaser Tweetable Quote “Don't quit your day job. Having a day job is a great thing because it gets you access to loans and if you don't have access to loans, then you're paying cash for everything and that doesn't go very far. ”- Tim Gordon --- Send in a voice message: https://podcasters.spotify.com/pod/show/dreikechi/message
Sean Roberts, CEO of Villa, joins our podcast to discuss what he's seeing in the ADU market and how his company is providing solutions for the current housing market shortage and affordability issue.
The Salt Lake City Council was busy this week with all sorts of land-use proposals. Lead producer Emily Means joins host Ali Vallarta to try to make sense of the municipal stuff. Plus, will we ever get more buses up the Cottonwood Canyons? And if you're worried about flooding, Ali shares some action items to ease your anxiety. Listen to our episode on ADUs. Browse proposed changes to height requirements downtown. Adopt a storm drain. Check Salt Lake County's floodplain map. Empanada Fest, Baby Animal Celebration, and the Bunny Hop! Subscribe to our daily morning newsletter. You can find us on Instagram @CityCastSLC and Twitter @CityCastSLC. Looking to advertise on City Cast Salt Lake? Check out our options for podcast and newsletter ads. Learn more about your ad choices. Visit megaphone.fm/adchoices
Demand for badly needed housing has triggered another ban on single-family zoning. Lawmakers in Arlington County, Virginia, approved a controversial plan to eliminate single-family exclusivity, and allow as many as six homes on one property. The decision came after a contentious three-year debate, and is part of a growing trend to dismantle the long-standing concept for single-family communities. Hi, I'm Kathy Fettke and this is Real Estate News for Investors. Please remember to subscribe to this podcast and leave us a review. The policy was unanimously approved by a five-member county board after a battle that included a so-called “Missing Middle Housing Study.” The missing middle is a phrase that refers to housing that falls between apartments and single-family homes. It covers several kinds of housing including townhomes, duplexes, and triplexes with more space than apartments. It could also include backyard cottages or in-law units which are more officially known as accessory dwelling units or ADUs. Divisive Debate Over Single-Family Zoning Ban As reported by the Washington Post, some Arlington County residents supported the idea, saying a ban on exclusive single-family neighborhoods would increase affordable housing options and diversify their communities. Other residents argued that it would lead to overcrowding, lower property values, and the destruction of their lifestyle and neighborhoods. (1) Arlington County is a desirable part of the greater Washington, D.C. metro with a growing population and a growing demand for more housing. The county's board chair, Christian Dorsey, said the ban will help the county address population growth, and move past the “discriminatory noise” within zoning rules. He says: “Growth and change are not good or bad, they just are.” And, he says: “It's our responsibility to make sure we accommodate that – to make sure that it works well for as many people as it possibly can.” New Rules Among the Most Permissive in the Country The new rules are some of the most permissive in the country. Contractors will be allowed to put up to five or six homes on lots that range in size from 6 to 7,000 square feet. Smaller lots will have a limit of 4 units. Height, lot coverage, floor area, and setbacks will remain the same. According to Wikipedia, single-family zoning has been around since 1916, and began in the Elmwood neighborhood of Berkeley, California. The story goes that a real estate developer in the Elmwood district pushed for single-family zoning rules to prevent a dance company owned by a Black resident from moving into homes that he was trying to sell. He apparently pushed for single-family zoning with the help of other developers who were also trying to keep certain groups of people out of the neighborhood. Growing Opposition to Single-Family Zoning More than one hundred years later, the concept is now wavering under the weight of the housing crisis, and the idea of banning this kind of exclusive zoning is gaining momentum across the country. According to BisNow, at least three states and eight municipalities have passed bans on single-family-only zoning. The city of Minneapolis was the first to implement a ban in 2018. The state of Oregon followed in 2019. Several cities in California banned that kind of zoning, but state lawmakers approved a bill in 2019 called Senate Bill 9. That legislation makes it legal to have two units on a single-family property, and in some cases, four units. The state of Maine adopted a ban last year. The Washington State House of Representatives just recently passed a bill that would ban single-family zoning statewide, but it still needs approval from the state senate and the governor. (2) The policy in Arlington, Virginia, goes into effect on July 1st and will be phased in over five years. During those first five years, only 58 permits a year will be approved. The cap will be lifted in 2028. This kind of ban opens up opportunities for homeowners to be coincidental landlords if they build additional housing on their properties, and rent them out. You'll find links to the Washington Post story in the show notes at newsforinvestors.com. Please remember to join RealWealth by clicking on the “join for free” button. As a member, you'll have greater access to investing opportunities in desirable rental markets across the country. That includes our investor portal, our market data, and our experienced investment counselors. You can also find out more about our spring real estate tours in metros that are popular among single-family rental investors, and our mastermind events to help get you on the path to long-term wealth. If you haven't subscribed to the podcast, please do so! And leave us a review! Thank you! And thanks for listening, Kathy Show Notes link: https://www.newsforinvestors.com Join link: https://join.realwealth.com/?utm_content=Real%20Estate%20News%20Podcast&utm_campaign=Join%20for%20Free&utm_term=Description%20Text%20Link Subscribe link: https://podcasts.apple.com/us/podcast/real-estate-news-real-estate-investing-podcast/id1079952715 Links: 1 - https://www.washingtonpost.com/dc-md-va/2023/03/22/arlington-missing-middle-vote-zoning/ 2 - https://www.housingwire.com/articles/wa-house-passes-bill-that-would-ban-single-family-zoning/
Time for a Friday Flight- our sampling of the week's financial news and what it means for your personal finances. There are a lot of headlines out there, but we boil it down to specific takeaways that will allow you to kick off the weekend informed and help you to get ahead with your money. In this episode we explain some relevant and helpful stories like: tax extension season, housing prices are dropping, ADUs on the rise, whether you should renovate or move, choosing money over passion, 401k cashouts, click to cancel, rotten Apple Pay Later, taking advantage of dynamic pricing, and the value of money. Want more How To Money in your life? Here are some additional ways to get ahead with your personal finances: Knowing your ‘money gear' is a crucial part of your personal finance journey. Start here. Sign up for the weekly HTM newsletter. It's fun, free, & practical. Join a thriving community of fellow money in the HTM Facebook group. Find the best credit card for you with our new credit card tool! Massively reduce your cell phone bill each month by switching to a discount provider like Mint Mobile. And please help us to spread the word by letting friends and family know about How to Money! Hit the share button, subscribe if you're not already a regular listener, and give us a quick review in Apple Podcasts or wherever you get your podcasts. Help us to change the conversation around personal finance and get more people doing smart things with their money. Have an awesome weekend! Best friends out!See omnystudio.com/listener for privacy information.
In a world full of acronyms, Building Salt Lake editor Taylor Anderson is here to convince you to care about this one: ADUs aka accessory dwelling units. As the City Council takes up this heated debate, Taylor tells host Ali Vallarta how tweaks to Salt Lake City's ADU ordinance could boost our housing supply — and maybe even bring back the “starter home?” Subscribe to our daily morning newsletter. You can find us on Instagram @CityCastSLC and Twitter @CityCastSLC. Looking to advertise on City Cast Salt Lake? Check out our options for podcast and newsletter ads. Learn more about your ad choices. Visit megaphone.fm/adchoices
Are you looking for a way to increase the value of your property, generate additional rental income, or create a private space for your family or guests? If so, an Accessory Dwelling Unit (ADU) may be just what you need! ADUs, also known as granny flats, or backyard cottages, are self-contained living spaces that are located on the same lot as a primary residence.Designing and building an ADU can be a complex process, but with the right knowledge and guidance, it can also be a rewarding one. In this episode, we are joined by the amazing Whitney Hill, as we explore the world of ADUs, from their benefits and types to the key considerations in designing and building them. Join us and listen in!Whitney is the co-founder and Head of Business Development & Innovation at Snap ADU, the leading accessory dwelling unit design build general contractor in San Diego. Previously, she spent several years as a developer of high-end homes on the east coast. Before turning to real estate, Whitney built a decade of strategic and tactical experience working as a management consultant at Bain & Company and as an operations manager for industrial supply distributor McMaster-Carr. She has a BA from Yale University and received her MBA from NYU Stern. Whitney is a mom of a 10 and 8-year-old and she's currently on a quest to visit all national parks within an 8-hour drive.[00:00- 08:59]• We welcome Whitney Hill to the show.• Whitney Hill's background on how she started in property management.• Getting more involved with the flips and learning the general contracting process.• What are detached new construction ADU's?• Different state regulations and zoning issues with properties that has ADU's. [09:04 -17:37]• Stick-built vs. modular options for building ADU's.• How long does it take to build the systems and processes it take during that?• Building nationwide or focusing where they currently are?• What could you do with the extra land you have on your multifamily property? [17:38 - 30:01]• Whitney on what she's most excited for SnapADU?• How to get loans to start an ADU build?• SnapADU on dealing with the housing crisis?• Asking Whitney Hill about the Adventurous Four Tweetable Quotes: " Sometimes having that vision is more important than even having the five year numbers plan. " - Whitney Hill Connect with Whitney Hillhttps://snapadu.com/ https://www.instagram.com/snap.adu/ https://www.facebook.com/snapadu Explore more. Adventure awaits. Please subscribe and leave an honest review - how do you want to create an impact in your world?Check out Adventurous REI and our social media channels: Facebook, Instagram, and LinkedIn. Michael on LinkedIn Suzy on LinkedIn Invest with us! Start here. GRAB AFREE copy of The Complete Guide to Generating Passive Income for Avid Travelers & Adventure Seekers
Where will we live as we get older? Washington is in a housing crisis. We discuss what can done with Gov. Jay Inslee in this live teletown hall hosted by AARP's Cathy MacCaul. Older people are increasingly priced out of their neighborhoods, options for downsizing are scarce, and the problem of "missing middle" housing is only getting worse. Ideas like ADUs hold promise but progress is difficult. What can we do now for a better future? Learn more at aarp.org/wa
Whitney Hill is the Co-Founder and Head of Business Development at SnapADU, a general contractor that specializes in accessory dwelling units. The company designs, permits, and builds 50 ADUs a year.Whitney gained a decade of experience working as a management consultant at Bain & Company and as an operations manager for an industrial supply distributor. She was named to San Diego Business Journal's 40 Top Business Leaders Under Forty in 2022. Whitney earned a bachelor's degree in Psychology from Yale and an MBA from NYU. She's the proud mom of a 10-year-old son and an 8-year-old daughter.Learn more: https://snapadu.comInfluential Entrepreneurs with Mike Saundershttps://businessinnovatorsradio.com/influential-entrepreneurs-with-mike-saunders/Source: https://businessinnovatorsradio.com/interview-with-whitney-hill-co-founder-and-head-of-business-development-at-snapadu
Whitney Hill is the Co-Founder and Head of Business Development at SnapADU, a general contractor that specializes in accessory dwelling units. The company designs, permits, and builds 50 ADUs a year.Whitney gained a decade of experience working as a management consultant at Bain & Company and as an operations manager for an industrial supply distributor. She was named to San Diego Business Journal's 40 Top Business Leaders Under Forty in 2022. Whitney earned a bachelor's degree in Psychology from Yale and an MBA from NYU. She's the proud mom of a 10-year-old son and an 8-year-old daughter.Learn more: https://snapadu.comInfluential Entrepreneurs with Mike Saundershttps://businessinnovatorsradio.com/influential-entrepreneurs-with-mike-saunders/Source: https://businessinnovatorsradio.com/interview-with-whitney-hill-co-founder-and-head-of-business-development-at-snapadu
In this episode of The Real Build, I sat down with Whitney Hill, who is part owner of Snap ADU. Snap Adu specializes in Accessory Dwelling Units in California. Accessory Dwelling Units are smaller homes ranging from 400 - 1200 square feet that are built on existing residential properties with a main home. They are very popular in California and spreading fast across the United States to provide more housing with a massive housing shortage. In addition to discussing the benefits and design considerations of ADUs, Whitney also shared some tips for homeowners who are interested in building an ADU. She recommended doing research on local regulations and zoning requirements, as well as working with a reputable design-build firm that has experience in ADU construction. She also emphasized the importance of having a clear understanding of the project timeline, budget, and financing options. Overall, the conversation with Whitney highlighted the growing popularity of ADUs as a flexible and affordable housing option and the importance of thoughtful design and construction in creating high-quality, sustainable ADUs that can benefit homeowners and communities alike. Guest Info: Whitney Hill Website: https://snapadu.com/ Host Info: Email: Bill@rkreiman.com CONNECT WITH ME ON SOCIAL MEDIA: ▶︎ YOUTUBE | https://www.youtube.com/channel/UCxAdSxHN0dIXZPhA-6p1HYA ▶︎ INSTAGRAM | https://www.instagram.com/imbillreiman ▶︎FACEBOOK| https://www.facebook.com/billy.reiman ▶︎ LINKEDIN | https://www.linkedin.com/in/bill-reim... ▶︎ TWITTER | https://twitter.com/ImBillReiman ▶︎ WEBSITE | https://www.rkreiman.com
Come analyze and walkthrough an investment property with Garrett, the CEO of Max It Out. Garrett shares his business plan for a property he has under contract and tells us his plans to split a single-family house into two units and add an ADU to get an extra unit for a return. He plans to add a new three-story structure to connect with the house and add eight more units. The estimated cost of the renovation is around $2.5 million and the expected value of the 11 units is around $6 million. Garrett also discusses the rules for adding ADUs and the benefits of attaching structures.
Whitney Hill is the co-founder of SnapADU, a full-service construction firm and service provider that specializes in all aspects of accessory dwelling units. Whitney oversees business operations and development at Snap ADU, which means she's always looking for new technology and partnerships that could help create a better customer experience. Previously, she spent several years as a developer of high-end homes on the east coast. Before turning to real estate, Whitney built a decade of strategic and tactical experience working as a management consultant at Bain & Company and as an operations manager for industrial supply distributor McMaster-Carr. She has a BA from Yale University and received her MBA from NYU Stern. Quote: Cities want to have affordable housing built, which ADUs qualify as, so they're pulling for us to get them built. Highlights: 06:20: The amount of red tape involved in building an ADU 07:55: What prompted California to have statewide legislation approving ADUs 13:55: Current demand for ADU units 16:45: What SnapADU wants to accomplish in the next 5 years Guest Website: https://snapadu.com/ Recommended Resources: Accredited Investors, you're invited to Join the Cashflow Investor Club to learn how you can partner with Kevin Bupp on current and upcoming opportunities to create passive cash flow and build wealth. Join the Club! If you're a high net worth investor with capital to deploy in the next 12 months and you want to build passive income and wealth with a trusted partner, go to InvestWithKB.com for opportunities to invest in real estate projects alongside Kevin and his team. Looking for the ultimate guide to passive investing? Grab a copy of my latest book, The Cash Flow Investor at KevinBupp.com. Tap into a wealth of free information on Commercial Real Estate Investing by listening to past podcast episodes at KevinBupp.com/Podcast. Learn more about Kevin's investment company and opportunities for Lifetime Cashflow at sunrisecapitalinvestors.com.
Are you planning to purchase another house and lot? Upgrade your property instead! Learn how in this episode with Whitney Hill as she introduces a modern model of housing attainability and availability by attaching accessory dwelling units on your current property. Catch a story about crazy building fees that'll shock your finances by tuning in! Key takeaways to listen for The financial and housing possibilities of accessory dwelling units How to take advantage of virtual negotiations for project feasibility Typical uses of ADUs in residential real estate Surprising impact fee rates when attaching an ADU to your home Building costs to watch out for in upgrading your property Resources mentioned in this episode CRAZY SH*T IN REAL ESTATE #226: PAUL DASHEVSKY CRAZY SH*T IN REAL ESTATE #242: ROGELIO MARTINEZ Google Maps About Whitney Hill Whitney is the co-founder and head of business development and innovation at SnapADU. She oversees business operations and development, which means she's always looking for new technology and partnerships that could help create a better customer experience. She has a BA from Yale University and received her MBA from NYU Stern. Whitney is a proud mom of two and lives in North County San Diego. Connect with Whitney Website: SnapADU Instagram: @snap.adu Facebook: Snap ADU LinkedIn: SnapADU YouTube: Snap ADU Design Build Contractor San Diego Email: info@snapadu.com Connect with Leigh Please subscribe to this podcast on iTunes or the Podcasts App on your phone, and never miss a beat from Leigh by visiting https://leighbrown.com. DM Leigh Brown on Instagram @ LeighThomasBrown. Subscribe to Leigh's other podcast Real Estate From The Rooftops Sponsors Follow Up Boss Start your free, all-access trial today. There's no credit card required. For a limited time, Follow Up Boss is doubling the free trial for CSIRE listeners—that's a full 30 days to see how Follow Up Boss helps you close more deals. LINK: Followupboss.com/crazy Instagram: @followupboss Facebook Page: Follow Up Boss Website: https://www.fubcon.com/ #followupboss Leigh Brown University – New On-Demand TrainingHow to Dominate During This Recession! Enroll Now to get ahead of the curve and learn how to manage changing markets, the action steps for what to do, and most importantly, what to say so that you can secure listings, assist more buyers, and grow your business no matter what the market is doing. Link: http://dominatethisrecession.com
In the house hacking industry, DIY remodels are usually the way to go. But what if we told you that you could be raking in even more with new builds and Accessory Dwelling Units (ADUs)? Derek Sherrell is joining us this week to share everything he knows about achieving financial freedom through ADUs.With more than 25 years of experience, Derek has made it his life mission to teach people all about building affordable ADUs. Through his Youtube videos, he has been documenting every step of every build so that virtually anyone can get into the industry! Tune in to this week's episode with Craig, Zeona, and Derek to learn all about the strategies to identifying properties with great potential, vetting dependable builders, and financing your first ADU in today's market!PODCAST HIGHLIGHTS:[1:25] Z's New Mid-Term Rental in Atlanta[4:10] How Derek Got Into ADU's[9:10] What Every House Hacker Needs To Know By Heart[10:35] Multi-Family Development vs. ADUs[12:40] Derek's Strategies To Finding And Maximizing ADUs[19:55] Beginners Steps To Getting Into ADUs[25:48] Most Affordable Way To Build An ADU[28:48] On Garage Conversions: Yay or Nay?[37:13] Why New Builds Can Actually Be Easier Than Remodels[40:30] How To Find Excellent Builders[42:45] The Best Cheat Code To Wealth[45:10] What Keeps Derek Going[50:50] Three Simple Tips For Affordable ADU ProjectsAffiliate Links: 1. Don't miss out on resources of great value for real estate starters. Visit FITeam's website! —https://www.thefiteam.com/ 2. Join a supportive community of over 1200 passionate, like-minded investors! You can find your very first short-term or medium-term rental here, as well as accountability buddies and bi-weekly webinars: AirBnB Investing -https://www.facebook.com/groups/airbnbinvesting 3. Check out what Derek is currently listening to on Audible - The Wise Investor: A Modern Parable About Creating Financial Freedom and Living Your Best Life by Rich Fettke - https://www.audible.com/pd/The-Wise-Investor-Audiobook/B0B2BZP8V6n4. Easily manage your properties with www.rentredi.com and use our CODE: INVEST2FI to get 50% off on your first 6 months!5. Kaplan Real Estate Education - https://www.kapre.com/ and use our CODE - Invest26. Learn step by step how to purchase a property, set up rent, and ultimately become an AirBNB SuperHost! You can register for FREE here: https://www.stepbystepbnb.com/a/2147508384/zG79Sujh
What does ADU Stand for what is it and how can I get one? Additional Dwelling Units have been known by many names: granny flats, in-law units, backyard cottages, secondary units and more. In this video I talk with Ray Guanill of Nonna Homes he goes over how they are built, cost and different aspects of ADU's and bonus his company helps with financing and there are government grants too! NONNA HOMESRay Guanill, PresidentNonna ADU and Solar Serving Sacramento, Bay Area, and San Diego Regions 800-734-7238https://www.nonnahomes.comCity of Santa Cruz info:https://www.cityofsantacruz.com/government/city-departments/planning-and-community-development/accessory-dwelling-units-adusSanta Cruz County Info:https://www.sccoplanning.com/adu.aspxGrant info:https://www.calhfa.ca.gov/adu/
Mike, Ian, and Patrick hear from listeners about construction productivity and kitchen remodels with FHB's help, before taking questions about insulating a basement, resources to teach historic preservation, and making an ADU from a steel shipping container.
On today's episode, Editor in Chief Sarah Wheeler talks with Editor Chris Clow about the rising popularity of accessory dwelling units (ADUs) as cities try to tackle a lack of housing. The two also discuss the bill that passed the Washington state house that would ban single-family zoning.Related to this episode:ADUs are gaining popularity on the West CoastWA House passes bill that would ban single-family zoningHousingWire's YouTube ChannelEnjoy the episode!Gathering of Eagles will bring together the nation's top residential real estate CEOs, Presidents, and C-Level leadership teams to grow, network, and set the pace for what's next in our industry. 2023's Gathering of Eagles is at Omni Barton Creek Resort in the rolling hill country of Austin, Texas from June 18-21. Click here to learn more and register your spot!The HousingWire Daily podcast examines the most compelling articles reported across HW Media. Each morning, we provide our listeners with a deeper look into the stories coming across our newsrooms that are helping Move Markets Forward. Hosted and produced by the HW Media team.
On this Hacks & Wonks week-in-review, political consultant and host Crystal Fincher is joined by Seattle Axios reporter, Melissa Santos! Now that the Washington state legislature has passed a major bill cutoff deadline, Crystal and Melissa discuss a long list of bills that died and those still fighting to survive - including landmark gun safety and housing bills. They also discuss Seattle Mayor Bruce Harrell's still-unfulfilled promise to advance alternate 911 response programs that can make our streets safer and help mitigate the SPD staffing crisis that the mayor says we have. They also discuss Mayor Harrell's decision to postpone the removal of cherry trees at Pike Place Market after community pushback. As always, a full text transcript of the show is available below and at officialhacksandwonks.com. Find the host, Crystal Fincher, on Twitter at @finchfrii and find today's co-host, Melissa Santos at @MelissaSantos1. Melissa Santos Melissa Santos is one of two Seattle-based reporters for Axios. She has spent the past decade covering Washington politics and the Legislature, including five years covering the state Capitol for The News Tribune in Tacoma and three years for Crosscut, a nonprofit news website. She was a member of The Seattle Times editorial board from 2017 to 2019, where she wrote columns and opinion pieces focused on state government. Resources Shasti Conrad, Newly-elected Chair of the Washington State Democratic Party from Hacks & Wonks “Rifle ban, housing bills and more advance in the WA Legislature” by Joseph O'Sullivan & Donna Gordon Blankinship from Crosscut “WA House votes to ban assault weapons” by Jim Brunner and Claire Withycombe from The Seattle Times “Ban on selling assault weapons clears state House” by Melissa Santos from Axios “The Olympia Waltz Continues for Middle Housing and Other Vital Legislation” by Ray Dubicki from The Urbanist “WA's Missing Middle Legislation Threatened by Grab Bag of Municipal Excuses” by Ryan Packer from The Urbanist “State Democrats Stiff Renters Again” by Rich Smith from The Stranger “Legislative Cutoff Fizz: Police Pursuit Bill Moves Forward While Tenant Protections Die” by Andrew Engelson and Ryan Packer from PubliCola “High-Speed Police Chase Bill Still Unpopular Among State House Democrats” by Ashley Nerbovig from The Stranger “WA police a step closer to resuming pursuits under bill passed Wednesday by Senate” by Shauna Sowersby from The Olympian “Innocent Bystanders are the Losers in this Week's WA Senate Shenanigans” by Amy Sundberg from Notes from the Emerald City “Bills aim to protect abortion patients who travel to Washington” by Melissa Santos from Axios “Seattle's alternative 911 response program falls behind schedule” by Melissa Santos from Axios “Removal of Seattle cherry trees near Pike Place Market paused” by KING 5 News Transcript [00:00:00] Crystal Fincher: Welcome to Hacks & Wonks. I'm Crystal Fincher, and I'm a political consultant and your host. On this show, we talk with policy wonks and political hacks to gather insight into local politics and policy in Washington state through the lens of those doing the work with behind-the-scenes perspectives on what's happening, why it's happening, and what you can do about it. Be sure to subscribe to the podcast to get the full versions of our Friday almost-live shows and our midweek show delivered to your podcast feed. If you like us, the most helpful thing you can do is leave a review wherever you listen to Hacks & Wonks. Full transcripts and resources referenced in the show are always available at officialhacksandwonks.com and in our episode notes. If you missed our Tuesday midweek show, I spoke with new Chair of the Washington State Democratic Party, Shasti Conrad, about what the role of chair entails, lessons learned from the previous Chair, Tina Podlodowski, and her plans for continuing forward as a strong and effective political party in Washington state. Today, we're continuing our Friday almost-live shows where we review the news of the week with a cohost. Welcome back to the program, friend of the show, today's cohost: Seattle Axios reporter, Melissa Santos. Hey. [00:01:23] Melissa Santos: Hi, Crystal. [00:01:23] Crystal Fincher: Welcome back. Glad to have you and always enjoy the Axios newsletter in my inbox every morning. [00:01:30] Melissa Santos: I'm so glad - good, good. [00:01:32] Crystal Fincher: It's good stuff - good updates and easily digestible, which is good. Today we have just passed a significant deadline in our legislative session. We're just about halfway done. And with that comes the deadline to pass bills out of their house of origin. They need to pass a floor vote, and get to the other chamber in order to survive. So now we have a list of bills that have died, as well as those that go on to be heard in the other chamber. So I guess starting a roundup of what is living and what is dead, what is going on still in our legislature? [00:02:14] Melissa Santos: Oh, you're asking me - there are so many things that actually lived this year - I'm actually kind of surprised. For instance, a ban on selling assault weapons did pass the State House, and this has never happened before in our state. The governor and the attorney general and a lot of Democratic lawmakers have been trying to pass a ban on assault weapons - different versions of it - for, I don't know, six, seven years now, maybe since 2015. I don't know how many years that is 'cause time is like a vortex, but a lot of years - and this time is the first time it's passed a chamber. So that's actually fairly significant. [00:02:44] Crystal Fincher: Very significant and nationally significant. And was an issue that a lot of Democrats ran on in this past election - promising to take action, saying thoughts and prayers are no longer enough, we have seen enough of this. But this is a pretty substantial, major piece of legislation that we can expect to see also wind up in the courts. [00:03:05] Melissa Santos: Yeah, there definitely will be challenges. I think there are challenges happening in Illinois over there's - they've already been promised if they're not already in progress. And Illinois was the most recent state, I think, to enact one. We would be the 10th if we do so, unless someone somehow gets to it first - a couple of months before our legislative session ends. But there's still a big road. It has to pass the Senate. And you know - that we've had some shifts in the Senate, though. I think that legislators did take a message from last year's election results in which Democrats gained seats - didn't lose ground - after passing high-capacity magazine bans. There's no backlash, even in what was supposed to be a big Republican year. There's a lot of factors that go into that, but they're like this is not something that is hurting us at the ballot box at all. And in fact, Washington voters - I think you and I have talked about this before - they have been voting for stricter gun control measures for several years now. It's not an issue that loses in Washington state, or even the polls don't really show nationally. I think there's a big shift to - this is not 1994 when it comes to these gun laws. It's just not, and it's not the political football it was. [00:04:06] Crystal Fincher: Yeah, absolutely. And especially given the amount of mass shootings that we've seen, of just gun violence overall, of people dying by suicide using guns - it is just a lot. And we've had just about everyone say that we need to do something, and expecting our elected officials to do something. And we did see them take action - pretty significant action - in responding to the calls of parents, of students. We even saw students from Seattle's Ingraham High School, which experienced a school shooting, advocating for some of these gun bills, saying that they needed it to be safer in their schools. So this is something that Democrats promised - they took action on. This is something where they heard, and they've delivered - and we'll see how this legislation withstands court challenges - but certainly a big step here in our Legislature. Another big bill that was talked about - has been talked about really since last session - big time is the state's hallmark missing middle bill, HB 1110, which passed out of the House. [00:05:13] Melissa Santos: It did. And one thing I think that is one reason maybe why - I think there has been some conflict, not just the cities not wanting regulation - that was an argument that worked last year, cities saying - Hey, we don't want the state telling us what to do, essentially. We need local control over these things. Maybe it was an argument that worked last year, but I think the housing crisis is so deep that I think that that wasn't necessarily gonna work forever. But what I think was a genuine concern is whether allowing four to six units per lot, in basically all residential lots in some of these cities, might contribute to displacement. I think that's a concern for some people, and whether - there's a lot of stuff that goes into that. But what they did do was essentially make it so if you have neighborhoods where this upzoning would contribute to displacement - I'm not describing the bill very well, I'm jumping right in - but they basically said you can zone only 75% of your residential area to have these upzones and requiring four units or six units per lot. So that's a change that I think was made to try and assuage those who are worried about displacement. And it's possible the displacement argument is a front for other concerns - and that's just a - but that was a change they made this year that makes it a little more flexible. There's an alternate way to comply other than just saying - Hey, it's a strict four units per lot. You have to build a duplex on every lot - I should back up - zone for a duplex. God, you know what, Crystal? I really got ahead of myself. But my point is, changing zoning doesn't necessarily mean that there's a duplex going everywhere. It just means that the next time someone wants to do something, maybe they can do this thing. So yeah, there was never gonna be just suddenly everything's apartments. That never was gonna happen with any of these versions of this bill, but - [00:06:52] Crystal Fincher: Right - and we saw some hyperbolic headlines over the past week saying the Legislature's banned single-family zoning - which you can still build single-family - it just prohibits the exclusion of other types of housing. And the reason why this is so important and necessary - and there was such a broad coalition of business, labor, environmental groups, others saying - Hey, we absolutely need more housing - is because study after study has shown that we are behind on building the amount of housing necessary to house people who currently live in this state, even before we get to others who are moving to the state. And it's because so many areas have been prohibited from building anything but single-family homes - and the areas where you can build a duplex, a triplex, a sixplex, or a larger building are so small in comparison to all of the other areas. There just isn't the ability to build the appropriate and necessary density without a change in this zoning. And the way this manifests is - we have seen these rent hikes, these price hikes - when you have constrained supply and you have people moving here, that in and of itself has contributed to a lot of displacement and affordability crisis. And most people now recognize that we do have a housing affordability crisis. And so this is what has been proposed as a remedy - giving homeowners more control and property owners more control over what they can do with their lots and how they can build, and making sure that cities can absorb the amount of density that is there without the escalating costs that are driving so many people out of cities, out of housing, preventing seniors from being able to age in place, and their families from being able to live near them. And we've seen a shift in public opinion in support for this, where before it was something where it's like - Ah, it's dicey, a lot of people don't - but we've seen poll after poll showing northwards of 60% of residents across the state believe in this. And we've seen cities like Spokane and cities in Pierce County and Clark County take action on this already. This is actually an area where Seattle is behind the bend of several other cities. So interesting to see this going. Certainly there are a lot of cities who - judging by just some city and municipal meetings over the past week - who were hoping and thinking this would probably not get out of the House, but now it has made it to the Senate and they seem like they plan on stepping up their opposition to this bill. So people who are trying to get this passed also need to step up their advocacy of the bill and make sure that their elected officials know that they support this - even if they're homeowners, even if they're in higher income brackets, even if they're seniors - that this is something that they want in their communities if they want this to succeed, 'cause there certainly is a continuing battle ahead. Absolutely - and so other things that have survived, or are talking about housing and talking about the issues of displacement - for those really concerned about the issue of displacement - a couple of bills that didn't make it out, would have been nice and helpful for that. And those included some renter protections. One bill would have capped rent increases at 7% a year. Another would have required six months notice of rent hikes for more than 5%. Some cities also currently have some of those provisions, but certainly the majority of cities in the state do not. That would have certainly helped people. Rent increases are having a devastating toll on our communities and on homelessness, frankly. And those would have been really good to see pass the House - would have directly addressed issues leading to displacement and homelessness - and I'm disappointed that they didn't make it through. Other bills that didn't make it include a bill raising the age of juvenile sentencing from 8 years to 13 - that didn't make it through. A bill that would have ended design review statewide for residential developments didn't make it out of the House, nor did a WRAP Act bill that attempted to improve the state's solid waste system through bottle deposit and packaging reform. As well as a really common sense bill to ban jaywalking laws which are disproportionately enforced against BIPOC and low income people without an impact on public safety, it looks like, and so that didn't survive. One thing that looked like it was on its deathbed, but that was snatched out was a police pursuits bill. What happened with this? [00:11:36] Melissa Santos: Essentially, interestingly, the Senate had looked like it was not gonna advance this bill at all. This is a measure that kind of - it would roll back some of the stricter standards for police car chases that were passed a couple of years ago in 2021. It would say - We're not gonna be as strict in restricting when police can chase people in vehicles. Now, the Senate wasn't looking like it would advance it at all, but it was pulled from the floor and kind of skipped the whole committee process, basically - on Tuesday or so, I think - and it passed the Senate. And interestingly, what bill that looked like it had been moving on this issue in the House did not actually pass out of the House. So now we have a little situation where we don't really know what's gonna happen with it going forward. But, it essentially is just saying the Legislature, following the 2020 Black Lives Matter protests and the protests against police brutality that we saw - one of the things they did in the Legislature was say - Hey, you can't just chase people over stolen car or whatever and go on a high-speed chase that could be deadly for people. And it applied to more things too. It basically said that you have to have probable cause to chase people in some of these scenarios. You can't chase people for low-level crimes. Police have just been saying that they can't really do their jobs - that's been pushed back on quite a bit. But, there's been a lot of pressure for the Legislature to change this law and make it easier for police to engage in these pursuits again, especially when it comes to certain crimes that are violent. They still can chase them under the current law, but it would make it easier to with a lower-level evidentiary standard that that's the right person in the car - basically is what these bills would do. So we'll see what happens there. It is a weird bipartisan interest in this bill, I would say - the sponsor of the bill in the House is a Democratic lawmaker from a swing district. And I've got to look at the vote count again, but there are some Democratic votes for this. It's not like one party against another. So that makes it hard to figure out how it'll play out. But the House wouldn't take it up, so I'm not sure they'll take it up now - what's coming from the Senate - on the actual floor. [00:13:31] Crystal Fincher: We will see what happens with this. I think the House probably will end up taking it up, but maybe they won't, but - I hope they don't - because this is a bill that frankly, in my view, lacks the data behind it to justify what its proponents are saying. To your point, a lot of police have said - Ah, we just can't pursue anymore - and have been in community meetings where police officers and departments have suggested that their hands are tied, that they can't pursue anyone. It's never been the case that they straight up could not pursue anyone or that pursuits were outlawed. It really is a question between, as you said, two evidentiary standards - that of probable cause or reasonable suspicion. Probable cause having a much higher - or not a much higher, but a significant - a threshold that is significant, that is also higher in terms of what they can do and when they are authorized to chase. And so when it came to serious things, if they had proof of something - they can and have been pursuing vehicles, including continuing to pursue in ways that have endangered the public and have injured the public, even in recent weeks and months. And so really a challenge here is addressing the potential harm and expected harm to the community as a result of these chases that in many jurisdictions already - certainly across the country - they have limited when this can happen because of the collateral damage that occurs, especially when oftentimes they're able to identify who is in the car, apprehend them after the fact, or apprehend them in a way that doesn't endanger the public through a chase. And they've also, I think, tried to say - Well, we've seen some increases in certain types of crime and it's because these criminals know that we can't chase them. And so they're just doing stuff and chasing, running away from us and laughing at us. And it doesn't really look like there's much evidence to back that up. In fact, they've talked about auto thefts and tried to suggest that auto thefts were increasing because they were limited in pursuing somehow, when it actually looks correlated to the price of used cars and that being much more correlated there. So it seems like it would make sense to pass legislation that would deal directly with the challenges that are having instead of some of fighting to re-enact and re-allow practices that have just frankly been harmful to innocent people in the public. [00:16:03] Melissa Santos: I think the data is a little lacking. There was this weird data war going on on both sides with this bill at one point. And it was kind of like, but it is a little - some of the data that's being used to say - Look, look, look, this is all is a huge problem. It's incomplete. It is incomplete. Like for instance, there's a lot of been, did a lot of citing of the State Patrol saying - We've had more people fleeing stops - basically, and that sort of thing. But then they don't - there's not any sort of follow-up about - were they caught from another means, some other - like later, which you can do through investigation or if further down the road, if they're doing something, maybe you would find them and be able to pull them over for something. There's not complete data there. They weren't tracking the stat exactly before. So there's not a good way to compare. It's just really hard. So I think that that's one reason why the Senate committee chair and the Democratic side on this has really been saying - Can we, do get some more data on this before we change the law? And the Republicans have been like - We should have gotten the data in the first place before we changed the law in the first place. But it is true that people die. Vehicle chases are dangerous. There are people who die. And it looks like we've seen fewer deaths - but the number from police pursuits since the law passed, but the numbers are so small, that the percentages can fluctuate wildly. I think there's an argument to be made to get a little bit more information for sure on this. And there has been crime increases in a lot of places, so it's just - there's a pandemic, there's been a lot of stuff happening. Sometimes when people are attributing the rise in crime to certain things, there's just - there's been a lot going on in the last few years and there's been a lot of contributions to crime rising, and there's been a lot of economic problems and that corresponds, and other places have seen crime rise. So it's just really hard to pinpoint it on this law. It's really difficult to do that as much as people want to. And honestly, some of the stories actually - when I followed up on them - haven't quite been accurate about how these things have played out. So it's just really messy to untangle. [00:17:47] Crystal Fincher: It is. And it seems like even when things are messy and in need of being untangled, we find ways to expand and support increased policing, especially of Black and Brown bodies. Also, things that passed this legislative session - passed their house of origin - made it out of their house of origin into the other chamber to be discussed to see if it will be passed, include a new drug possession bill that increases penalties for drugs such as fentanyl, meth, cocaine - and pushes those convicted into treatment, mandated treatment - a lot of people consider that coercive treatment. And really addressing laws in the wake of the Blake decision and the subsequent legislation, which had a sunset provision, meaning that they need to take action again now. Anything notable you saw with this bill in the process? [00:18:41] Melissa Santos: Honestly, I think this bill is gonna be totally different potentially by the time the session ends. It's one of those - it passed out of a chamber and they're being viewed as like a vehicle. You know what I mean? They can, it maybe will look very different by the end. But I think it's - the problem here a little bit is you want people to basically make drug possession a felony again, especially on the Republican side. Some people want that and then other people want the state to have it be totally decriminalized. And people are trying to, I think, thread the needle on it and there's not really a lot of - those sides don't really agree. You're not gonna find a compromise on - between make it a felony and decriminalize drug possession - that makes any of those folks feel like it's a good policy. So I think it's gonna be a really tricky one for that reason. I think this compromise of being like - Let's make it a gross misdemeanor, it won't be a misdemeanor anymore, but it'll be, it won't be a felony. I don't think that's gonna make people who think that the War on Drugs has been damaging to communities of color and everyone happy that it's still criminalized. And then I don't think that Republicans think that's strong enough. And so that's another one where it's - I think you're gonna see some weird vote counts. You're gonna see some weird coalitions build and it could be very different by the end. [00:19:49] Crystal Fincher: This definitely could change by the end. I think one thing that is useful to just recall is that - in this reality that we're in, we have been enacting and tinkering with criminalization for drugs for basically my entire life. I went to DARE assemblies when I was in elementary school. [00:20:13] Melissa Santos: Does that mean we're old if we went to those? I just wanted to check. [00:20:15] Crystal Fincher: I am definitely old. [00:20:16] Melissa Santos: Oh, okay - I went to those too. [00:20:16] Crystal Fincher: I won't lump you in with me, but I'm old. [00:20:18] Melissa Santos: No, I went to those too, so I guess - I don't know, all right - [00:20:21] Crystal Fincher: But I'm okay with being old. [00:20:22] Melissa Santos: It's fine. We all accept it, but I just wanted to check if that's what that means. I don't know - [00:20:26] Crystal Fincher: Yeah, yeah, it does, it does. [00:20:27] Melissa Santos: Okay, all right. [00:20:29] Crystal Fincher: But we have seen this big War on Drugs - billions upon billions spent - for what? To be in arguably a worse position than we've been in - to have this entire criminalized approach that has supported mass incarceration, that hasn't reduced recidivism, that hasn't reduced addiction, that has allowed it to proliferate really. And what we really need is a public health approach, and we've seen a public health approach to substance use disorder be much more effective than that. But that's not what a number of people have grown up watching on TV, have grown up being told from the DARE assemblies - anything about drugs is just bad and illegal and immoral. And if you touch those things - especially if you're poor or Brown, really, or in a low wage job - you're bad and horrible and immoral. Even though, my goodness, drug use is rampant among high income and high powered people. It doesn't seem to carry the same social stigma with them that it does for people who don't have the benefit of a home to do their drugs in, or can't do it as privately as others are able to do it. But man, this thing has failed, and it just feels like we're doubling down on a failed policy here because of fear - some of the same fear that went into the vehicle pursuit bill conversation - of not looking sufficiently tough on crime, of not doing that. Even though the public really is in a better place than most of our elected leaders are here - on not looking at this as such a binary and understanding that public safety includes a lot more than policing, a lot more than punitive punishment penalties. And if we focus on people being well, and if we focus on building a healthy community, and focus on stopping the harmful behavior, addressing root causes - that we prevent a lot of the problem and do a lot better in fixing the existing problems that we have. But that seems like a conversation that many people are not entertaining about this right now, but I certainly wish they would and hope that legislation improves. Also a bill survived that would reform the state's criminal sentencing system so that the juvenile convictions no longer lead to longer sentences for crimes that people commit as adults. Also Growth Management Act climate change provisions. This was also discussed last year - forcing and mandating that counties, cities, as they go through their Growth Management Act planning, which is mandated by the state, consider climate change impacts throughout that and build that into this process. Certainly helpful. Another bill promoting transit-oriented development - that's assigned to the Housing Committee - a lot splitting bill, easing barriers for ADUs or accessory dwelling units. A bill which was - I think we talked about it last week - near and dear to my heart, especially this session, for free school meals was watered down significantly to now - what passed is if a school has 30% or more of their students eligible for free and reduced lunch, then any student at that school can request a free meal - which is better than nothing certainly, but would love to see that expanded to be universal for everyone. As well as a bill that creates a task force for promoting research into psilocybin and developing a pathway for legal access to that psychedelic substance. So a lot of things are still alive. A lot of good stuff is still alive. A lot of good stuff still looks like it's moving forward. Other stuff - there are some abortion bills that are still alive this session. What will they do? [00:24:22] Melissa Santos: There's been ones trying to protect people from other states with restrictive abortion laws who might come here for an abortion. So we have some bills that basically create a shield law so that - trying to say - doctors here really can't be, putting them out the reach of those abortion laws if they perform abortions on someone. So they would basically - one of those bills that did pass the House - would make it so courts here can't participate in subpoenas from other states that are trying to get information about abortions that maybe happen here, if someone from their state travels to our state. And so that's designed to protect the doctors as well as the patients who come here. And that's something that Democrats have been going for. Similar bill dealing with data and health data on apps, because we have federal protections for health data under this law called HIPAA, but that doesn't apply to everything. It doesn't apply to period tracking apps. And there's also apps that track if you're trying to get pregnant and then maybe have a miscarriage - that there's data in there that maybe could be used, is the fear, from some states trying to prosecute abortions if they've criminalized it or have created civil lawsuit potential. Getting that data could show you had a miscarriage, you terminated pregnancy, this shows that. So they're trying to say - You can't get that, basically. So those are some of the things that are still alive. [00:25:33] Crystal Fincher: We will continue to follow this legislation as they make their way through the House and Senate. Also, they will - the Legislature will be taking up Governor Inslee's proposed budget, $70 billion biennial budget, before adjourning on April 23rd. So a lot to be done - still special education and other educational funding is wrapped up also with the budget - so many things are, so we will follow along. Also wanna talk about some Seattle news that you covered this week about Seattle's alternative response - another leg in the public safety stool - running behind schedule, at least Bruce Harrell running behind schedule on the promise and commitment that he made for this. What is happening? [00:26:23] Melissa Santos: It's actually interesting to me to see the mayor's office have actually laid out a commitment, a bunch of commitments, in writing like this. 'Cause sometimes at this mayor's office, it's not really - I'm not really clear on what's happening with them. That's the case sometimes with a lot of administrations, I suppose. But in this case, there was a document that the mayor's office agreed to in September - I think under pressure from the council, basically, to be honest, from watching that meeting - just saying we need some deliverables. We have this program we've been talking about since, again, the Black Lives Matter protests. It's now 20 - as of last year, it was 2022 - we still don't have this pilot program that we said to the community - Okay, we're going to reimagine public safety. This is going to be part of it. We're going to try and not send police officers to some calls where maybe it's not warranted and it can escalate into police killing someone or injuring someone, or just even an arrest that's traumatizing, potentially. So they're trying to say - We want to have a way of sending mental health responders and others to some of these calls. But there was supposed to be a pilot program that was supposed to have a plan from the mayor's office in December that was actually delivered and it hasn't been delivered. So the mayor's office is driving this - it looks like that's part of the agreement - waiting on the mayor to develop sort of some policies, proposals for the permanent program, as well as this pilot. And they have not come forth. There's also some intermediate steps that I didn't get into in my story, but that were missed. The mayor was supposed to narrow down what calls would this would actually apply to, what calls would some mental health responder go to? Is it officer down calls? Is it welfare check calls? And that really hasn't been narrowed down, which means there's not really - when someone asks me, for instance, how does this interact with our new 988 system? You can't really, we don't know because we don't know what calls they're going to be directing this to. But the idea is at least the 911 center would be able to dispatch something other than a cop - even though it's called a dual dispatch for some reason, which I found very confusing - the cop wouldn't necessarily have to be on site for these responses. And it's just - if this was a response to this - I have a policy document that says the social outcry for justice for policing, this is a City document - and it's been now three years and we don't have a pilot in range of being started. I think there's a lot of frustration on the city council saying - What the heck? And they expressed that at a meeting last week in the Public Safety Committee. I think Andrew Lewis, one of the city council members said - It seems like the mayor's office is behind on every deliverable that was asked for. The city council staff was - demurred on that, was like - I don't know if I would say that, but they have working relationships to maintain. As much in Seattle speak, it could be - as much as a WTF could be said in Seattle municipal speak - that's what happened last week, I think, on this, honestly. And yeah, it's just, I don't know where, how things - things don't seem very far along, is what it seems fair to say. [00:29:08] Crystal Fincher: Yeah, and it's challenging for me - looking at this administration and how confidently they talked about their ability to handle public safety in the City, particularly during the election and the commitments that were made. Bruce Harrell having sat on the city council and had been a former mayor of Seattle - very familiar with the workings of the City, the size of the bureaucracy, and the scope of what needs to be done. He has seen that from every angle for over a decade. And the response when you asked that office - Hey, why is this behind schedule? - was like, Okay, but it's really hard, is what the response boiled down to. And it's yeah, no kidding. That's what you signed up for when you say you wanna be mayor and can handle that job - and not only can handle it, but can handle it better than everyone else in the field. We want to see what's gonna happen. And this isn't just for good feelings and responding to a community call, even though listening to the community is absolutely important. This is also about public safety. This is about reducing the amount of people who are victimized. It's about keeping the entire community safe and making it safer. This is about a more effective response that keeps people safer. And that can eliminate the frustration that a lot of people have with seeing a revolving door issue where they're being arrested for a problem - that isn't primarily a desire to commit whatever crime or to be loitering in whatever area - that are exacerbated by a variety of different things, where if we actually addressed those things, we can also eliminate any criminal or harmful activity and more effectively deal with an issue of someone who is creating a disturbance or causing discomfort or whatever that is. This is good for the City. This helps keep everyone safer. And it seems like there is no bigger priority than getting this spun up. [00:31:13] Melissa Santos: If there's a concern - the mayor's office and the police department are concerned they don't have enough officers to send to important calls - if that's a concern, the people who are concerned about that, right? This theoretically could make it so officers aren't responding to stuff they maybe shouldn't even be responding to, or aren't the best equipped at responding to. Theoretically, freeing up officers to respond to stuff for which an officer is really needed. It seems like both people who want to have a less aggressive police response, and then also people who want to have more police response in a way - both kind of are coming together to say - This would be good for us. The business people want it - for again, more cops to respond to crime crimes would be - they want. And then people who want to not have traumatic police encounters want it too, which - theoretically, everyone wants to not have those, I would assume. But, people who, that's their focus, also think this is good. It's okay, so what - and I don't even think it's gotten to, to be honest, I don't know if it's had the chance to get to the part that's actually really complex. 'Cause I think the mayor's office and a lot - honestly, city council and everyone - it's easy to say the police union won't let us do this, or something. I don't even think they've gotten to the point where they're even talking about that, really, with labor yet. It's okay, so if that's always the hurdle in doing police reform and you're not even really - you haven't really decided what you want to do. It's like the Legislature passed a bill to create an independent office for police investigations that theoretically should have been ready to have takeover jurisdiction of police killings last summer. And I haven't checked on it for a couple months, I'm gonna say, but it still was not up and running six months after that. And there's still a lot of hiring to do and a lot of policymaking to do. And you could argue - Okay, maybe that was too fast. Maybe a year - okay, so some people would say maybe a year plus was 18 months or so. You can't really set up a whole agency in that time. I'm like - Well... eh, like, how long? I don't know, I don't know. This just seems like - there's a lot of stuff that ends up taking a long time and then other cities do have some of these programs in place already, so it seems like there should be some models. And I don't have great answers about - could you, Denver does this thing - did you ask them? What's going on? It's hard to get a sense of what conversations are happening within the administration about this stuff. [00:33:24] Crystal Fincher: It is. We know they've had tons of conversations about graffiti and there's definitely an action plan and things happening for that, so priorities - seems to come down to priorities. I hope this becomes a higher priority in this administration for sure. Also this week, we have seen trees at Pike Place Market make a lot of news. How come? [00:33:49] Melissa Santos: Seattle people love cherry trees. Everyone loves cherry trees. Does anyone dislike cherry trees? So there are cherry trees, one of - yeah, there's cherry trees by the entrance of Pike Place Market that kind of frame one of our city's biggest landmarks, biggest tourist attractions. And they were set to be removed on Tuesday, maybe Monday and Tuesday possibly, and there was a group that's called, I think, Save Our Market Entrance, something along those lines, that put out some press releases on Sunday and also went and demonstrated and were like - Why are we tearing these down? There's some - it's been raised that there's some significance potentially in the Seattle's Japanese and Japanese-American community of having these cherry trees. The origin is being traced to maybe there was a significant gift to these potentially, but even if there's not - it's just, there's some people asking - Why do we need to replace these trees? They're part of the sort of fabric of our city and what we love about our city. I think the mayor did, someone in the mayor's administration did press pause on the removal of the trees this week, so that was a pretty successful effort by people who wanted to see those trees stay. And their future isn't really certain right now because there's gonna be some probably very Seattle-esque discussions about the trees. And there's some disagreement about whether the trees are healthy and will be healthy for the next 50 years or not. And so that's just all kind of being worked out. But I think people in Seattle like their cherry trees and also there might be some cultural significance here to pay attention to, so that's - at least for now - saved the trees for time being. Yeah, definitely. And this is also happening amidst discussions of Seattle's waning tree canopy and a need to increase the amount of trees - mature and other trees - and certainly not lose trees in the process. And I know some people are concerned about that as we go through this whole thing. But with that, we will wrap it up for today, Friday, March 10th, 2023. Hacks & Wonks is produced by Shannon Cheng. Our insightful co-host today is Seattle Axios reporter, Melissa Santos. You can find Melissa on Twitter @MelissaSantos1. You can follow Hacks & Wonks on Twitter @HacksWonks. And you can find me on Twitter @FrenchFries - it's two I's at the end - @finchfrii, I don't even, whatever. You can catch Hacks & Wonks wherever you get your podcasts - just type "Hacks and Wonks" into the search bar. Be sure to subscribe to the podcast to get the full versions of our Friday almost-live shows and our midweek show delivered to your podcast feed. If you like us, leave a review wherever you listen. You can also get a transcript of this episode and links to the resources referenced in the show at officialhacksandwonks.com and in the podcast episode notes. Thanks for tuning in - talk to you next time.
In early 2020, Montgomery County, MD, passed a new law which allowed owners of residential properties zoned for single-family homes to build Accessory Dwelling Units, ADUs, which are separate or adjacent structures designed for independent living, a way of allowing greater housing density. But few homeowners have taken the county up on it. To find out why, Sunil Dasgupta talks with architect Eric Saul who designed the county's first newly permitted free-standing tiny home ADU and with former HOA board member and lawyer Erik Herron on how county law on ADUs and state law on HOAs conflict. Music for this episode comes from Baltimore-based electronic music composer Shanika Freeman: neekofreeman.bandcamp.com. MoCo ADU Guidelines: https://bit.ly/3kxMuXX
On today's episode, Editor in Chief Sarah Wheeler talks with Chris Clow, editor of Reverse Mortgage Daily, about opportunities to help borrowers in retirement, including leveraging reverse mortgages for ADUs or “granny flats.”Related to this episode:Sandwich generation stressed about meeting financial obligationsMillionaires aren't always confident about retirement, survey saysReverse mortgage program is a fraying senior lifeline, experts sayEnjoy the episode!Gathering of Eagles will bring together the nation's top residential real estate CEOs, Presidents, and C-Level leadership teams to grow, network, and set the pace for what's next in our industry. 2023's Gathering of Eagles is at Omni Barton Creek Resort in the rolling hill country of Austin, Texas from June 18-21. Click here to learn more and register your spot!Be sure to check out our Youtube channel for special behind-the-scenes content and video versions of HW Media podcasts!The HousingWire Daily podcast examines the most compelling articles reported across HW Media. Each morning, we provide our listeners with a deeper look into the stories coming across our newsrooms that are helping Move Markets Forward. Hosted and produced by the HW Media team.
Welcome to a City of Redding Podcast. Today we are talking about Short Term Rentals! We recorded an episode about ADUs and Short Term Rentals with Planning Manager Lily Toy in May of Last year but a lot has happened since then. A new proposed set of ordinances went before the City Council late last year to address community concerns about how short term rentals were affecting our neighborhoods. After a robust City Council discussion, the ordinances went back to the Planning Commission for review, and will be coming before the City Council again on February 21st.In this episode we talk with Development Services Director Jeremy Pagan about the new proposed ordinance changes, why they were proposed, and what those would mean for our community if adopted. There are strong opinions on both sides of the debate with many claiming that Short Term Rentals bring tourism and TOT revenue into the City.However you feel about Short Term Rentals, this episode should give you more information about what will be discussed on February 21st and how to get involved if you'd like to join the discussion.Previous STR discussion with Planning Manager Lily Toy>>View the transcript>>Contact the City of Redding Podcast Team Email us at podcast@cityofredding.org Connect with us on Facebook, Twitter and Instagram Love the podcast? The best way to spread the word is to rate and review!
On this mini episode of The LA Real Estate Podcast we have a conversation with Appraiser Glen Kangas of True Footage as we find out how ADUs (accessory dwelling units) and bonus spaces can affect the value of a home. We also have a special treat! We interview one of our very own clients and hear all about her home-buying journey in the crazy 2022 market.Glen KangasTrue Footage626-264-4345glen.kangas@truefootage.techJustin WebbJustin.webb@exprealty.com310-963-2562Looking to Buy or Sell? Contact Sara Skelton!Submit your real estate questions for Ask Sara at http://theskeltongroup.com/podcast/You can reach The LA Real Estate Podcast at LArealestatepodcast@gmail.comFollow us: Instagram.com/LARealEstatePodcastSara Skelton - Realtor, eXp Realty Agent BRE# 01963998
The Real Estate InvestHER Show with Elizabeth Faircloth and Andresa Guidelli
Welcome to ladies The Real Estate InvestHER Show! In this episode we dive into the potential of turning vacant commercial properties into residential units with special guest Beth Kromner. Beth has had a successful career in coaching, mentoring, and leadership in large corporations and start-ups. She also has extensive experience in property financing, purchasing, and management, holds a Masters of Public Administration in Housing, and was a Peace Corps Volunteer in Ecuador. Beth currently owns and manages multiple properties with her company VADU (Value-Added Dwelling Unit), including ADUs, in the Bay Area and Sun Valley, Idaho. With the Covid crisis leaving many office spaces empty, there is an opportunity to turn these properties into rental units. Beth shares her experience leading a mastermind session on raising private money and how it can be used to bring equity and commission into projects. She also provides tips on what type of properties to look for, such as mixed-use buildings and those located in downtowns or smaller cities, and how to find the best areas that offer the most opportunity. Furthermore, she explains how inflation and interest rates are important factors in this venture, as well as offers advice on how to navigate building codes and regulations in different cities and understanding zoning laws. She also shares a story about an investor in her network who leveraged her knowledge to create a win-win situation for herself and her client. Lastly, Beth discusses Oprah Winfrey's story of resilience, Michael Singer's book Living Unattached, and the importance of living with gratitude. Tune in to hear about the current opportunity for real estate investment in downtown locations; understand the benefits of turning existing commercial real estate into residential properties; learn tips on financing such projects; and gain wisdom from Beth's own journey of making successful conversions! Quotes · “Oftentimes when I've invested in real estate, I kind of defer to other guys […] and I would discredit my own point of view to say I didn't know. And finally, I turned around and I'm like: ‘How come I don't know? I do know. I have invested, I am smart. I can see market trends.'” (07:31 – 08:19)· “As we grow smarter and we gain experience, we need to start listening last to the voice in our head and paying more attention to our gut and owning who we are." (08:53 - 09:10)· "I absolutely love challenges, but I also prefer challenges that I can assess and win. What I love is going into a place where it appears that the city or town won't let you do something, but you find out they will and then purchase under those circumstances." (22:28 - 22:51)· "I think as investors, we need to solve problems of housing. You are going to be effective in this business if you solve people's problems”. (34:20 - 34:27)· "What I tend to do is look at who's trying to rent their property, and they haven't been able to rent it for two to three years, that's who I want to buy from. I look at every single rental as a possibility of purchase.” (39:23 - 39:33)· “It is super important to be incredibly grateful for what I have and remember that we can't control everything or anything but we can do our best at what we do”. (48:47 - 49:01) Connect with Beth:LinkedIn: https://ae.linkedin.com/in/elizabeth-kromer?trk=org-employeesWebsite: https://www.myvadu.com/ Resources Mentioned: · Living Untethered: Beyond the Human Predicament by Michael A. Singer How To Join the InvestHER Movement 1) InvestHER CON 2023 HOLIDAY EDITION!*Get a ticket to IC2023 and receive access to the 2022 recordings immediately!· How to spot a good deal from a bad deal? - Kim Kiyosaki + HANDOUT· Why 10x Is Easier Than 2x - Shannon Waller + HANDOUT· And much MORE! Here is what you can expect at InvestHER CON 2023:· Pre-event network· 2 Full days of transformational experiences· Access to over 20 Sessions with Keynotes and Speakers· Recordings from all sessions· Access to investors, mentors, and influencers· Mindful networking· Opportunities to connect with our sponsors + vendors· Coffee and Lunch included· Final Reception: Red Party· Live 30-day Group Accountability Virtual Session with the Founders Liz and Andresa· Exclusive Breakfast for STRIVE members only."InvestHer CON was truly a transformative experience. I have felt so alone for so long and now I feel like a have a community of support. I don't have to be the master of everything and take it all on my shoulders, I just have to do what I am excellent at." Heather Giammichele We reserved the entire resort for us! Join us in Scottsdale, Arizona, May 18-19. Get your ticket today! https://www.therealestateinvesther.com/investhercon *Promotion ends on Dec 31st at midnight EST 2) The Real Estate InvestHER Podcast - The weekly show details the journey of some of the most amazing women real estate investors around the world, who open up their lives and share practical and strategic tools for growing a rental portfolio, flipping houses, and the mindset that allows them to run a successful investing business while taking care of their families and most importantly taking care of themselves. Subscribe via:· Apple Itunes · Spotify· Amazon Music· Android · Stitcher 3) The Real Estate InvestHER Membership STRIVE A membership for highly ambitious and decisive Real Estate investors looking to build generational wealth on their own terms. Are you ready to...· Grow your Real Estate portfolio on your own terms.· Make deeper relationships with successful women playing at the same level· Build a reliable team and leave solopreneurship behind· Implement processes and systems that will allow you to scale your businessSTRIVE is for you! APPLY today at https://www.therealestateinvesther.com/membership*We only open the doors twice yearly (Dec and May). 4) InvestHER Community on Facebook We have thousands of members in our Facebook InvestHER Community (and growing!) This is a safe place for women to ask real estate investing questions and gain the support they need to achieve their goals! 5) InvestHER Meetups Around the Globe We have Investher Meetup members attending in-person meetings across the country and Canada. Meetups are being held monthly by experienced InvestHER Leaders! Learn more about our InvestHER leaders, meetup locations, and how to become an InvestHER Leader HERE! 6)InvestHER™ ORG with eXpYou helped your clients build their real estate portfolio, now it's time to invest in yourself! Join our all-woman investment group for agents and build your personal portfolio while creating generational wealth!Get the benefits of being part of a team without extra fees!Click here and schedule a discovery call with Jonna Weber today!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
California's Proposition 19 was passed as a constitutional amendment about two years ago amid quite a bit of confusion. A large part of this stemmed from the misleading rationale that positioned it mainly as a means to extend a financial lifeline to Californians whose homes were destroyed by wildfire or other natural disasters. This paved the way for them to transfer their property tax base to a new home in any of California's 58 counties and thus rebuild their lives after such a tragedy. Obscuring things further were also some takebacks from the homeowner benefits offered, which largely replaced — Proposition 58. These takebacks from Proposition 58 centered mainly on the property tax benefits available when a primary residence was passed from parent to child. Now, it only covers the primary residency or family home. If it is transferred to a child, that child must make it their primary residency within one year after the transfer, and the property must remain their primary residence. Any other type of move will essentially trigger a reassessment. And many clients are still surprised about this. Luckily the Board of Equalization has come out with clarifications and guidance on how Prop. 19 is supposed to work. So, if you're wondering if the proposition has been a net gain or a bust, we are taking a closer look at both the good, the bad, and reviewing the new instruction in this episode of Absolute Trust Talk. Kirsten and Madison will weigh in on the proposition's changes, what those changes mean for the citizens of California, and share some insights from the impacts we've been seeing with our clients here at Absolute Trust Counsel. In this episode, we're going to discuss: The enhanced property tax benefits that Proposition 19 now provides to homeowners over 55 or who have been victims of a natural disaster. The benefits that California homeowners lost when Proposition 58 gave way to Proposition 19 — they're pretty substantial. The Board of Equalization's part in overseeing property tax administration and how some recent changes have left the agency behind the eight ball. How a commonly misunderstood part of the tax reassessment process can leave some family members with a property tax bill, they hadn't bargained for. What the Board of Equalization now says about the parent/child property tax exclusion if one inheriting child decides to buy siblings out of a deceased parent's primary residence. Why this legislation reflects California's push toward ADUs and how they're favored over other forms of multi-unit residences. And more. Nearly every piece of passed legislation brings some unforeseen and often unintended consequences, but in several ways, Proposition 19 is unique. A large part of this distinction comes from its jurisdiction over homeowner tax protection. So, if you're a California homeowner who plans to leave a primary residence to your children, listen in, as these changes will directly affect your — and their — financial future.
Quick now, no Googling, what's an ADU?In the next half hour you will learn a lot about ADUs - which, by the way, are accessory dwelling units and recently California law has made it much easier to site an ADU on an existing homesite.That's good because California's homeless crisis only worsens and one step in the right direction is more housing. Other parts of the country - from Portland OR to Connecticut and Austin TX - also are embracing ADUs.By the way, you surely have heard other names for ADUs. They've been called granny flats, casitas, in-law units, and lots more. Thy have also been part of the housing scene for many decades but what's happening now is a regularization of the concept.Enter Anthony Dedousis, founder and CEO of Revival Homes in Los Angeles, which he created to help more homeowners more easily fund and build ADUs on their property. Revival Homes does this in two ways. It has a vetted roster of contractors and it also wants to help homeowners get financing for their ADU project. Central to the approach to financing is that value will be based on value with the ADU in place.Where do credit unions come in? Dedousis sees credit unions as ideal partners in putting financing packages together. ADUs, in many ways, are being promoted as a way to alleviate various social issues and that kind of concern has long been central to the credit union mindset.Listen up.Like what you are hearing? Find out how you can help sponsor this podcast here. Very affordable sponsorship packages are available. Email rjmcgarvey@gmail.com And like this podcast on whatever service you use to stream it. That matters. Find out more about CU2.0 and the digital transformation of credit unions here. It's a journey every credit union needs to take. Pronto
Derek Sherrell is a real estate investor, ADU builder, and endurance athlete with over 25 years experience in the building/development trade.His first ADU build was a high school project in 1996. That led to a carpenter apprenticeship and a career as one of the youngest licensed building contractors in Oregon. Today, Derek consults with homeowners and investors on how to plan, design, finance, build and hold ADUs. This year, Derek founded ThatADUGuy.com and began an open-source video series designed to guide homeowners through the process of building or converting their own ADUs. He is a guest speaker for events large and small and has been featured on BiggerPockets, One Rentall At A Time, The Intelligent Investor and many other top REI platforms. As a pioneering ADU developer, builder, and investor, Derek brings one of the most comprehensive skill sets to any ADU discussion or instruction. He spends his days running, skiing, talking about ADUs with homeowners, policy makers, builders, and anyone else who will listen.
Today on the Southern California Real Estate Report we talk about some updates to the rules regarding accessory dwelling units and transit areas.The City of San Diego has proposing updating its transit proximity rules to allow for transit oriented housing to be up to a mile away from transit.The new rules also allows for more ADUs to be built in residential neighborhoods.To learn more listen in!Article referenced:https://www.lajollalight.com/news/story/2023-01-05/san-diego-could-ok-many-more-high-rise-homes-and-backyard-apartments-under-new-city-housing-proposal
In this episode, Robert Leonard shares about house hacking, what it is, and how to do it. He also proposed new strategies to help us earn higher in real estate and how we should shift our mindset from thinking about profitability and not just comfort. [00:01 - 06:27] Diving into House Hacking House hacking is purchasing a property with the goal of renting out additional space to reduce living expenses Scaling to fit the lifestyle you want Comfort vs. Profitability metric/graph shows that as comfort is given up, profitability increases [06:28 - 11:45] Finding the Right House Hack Legislation in some areas is making ADUs easier to obtain Quantifying comfort given up versus profitability can help determine the best house hack strategy When house hacking, consider both the qualitative and financial aspects of the property to find the right deal [11:46 - 21:20] Setting Criteria and Navigating Financial Logistics When renovating, consider what is normal and appropriate for the area Consider using a third party payment service to streamline financial aspects Check local laws and regulations regarding electronic payments [21:21 - 27:23] Closing Segment Quick break for our sponsors The first step to growing your wealth is tracking your wealth, income spending and everything else about your finances, you can start tracking your wealth for free and get six free months of wealth advisor. Learn more about Personal Capital at escapingwallstreet.com What is the best investment you've ever made other than your education?The first house hack he did where he was able to overcome his limiting beliefs Robert Leonard's worst investments Buying stocks based on quantitative data only What is the most important lesson you've learned in business and investing?People who have done great things are no different from everyone else Connect with Robert Leonard: Website: http://househacking.com/ Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/ Participate directly in real estate investment loans on a fractional basis. Go to www.passivewealthstrategy.com/groundfloor/ and get ready to invest on your own terms. Join our Passive Investor Club for access to passive commercial real estate investment opportunities. LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or click here to listen to our previous episodes Tweetable Quotes: “99% of people that have done great things are no different than anybody else.” - Robert Leonard
Get your dose of inspiration today from Quynh Vu as she speaks on how to shift from being risk-averse to risk-tolerant in this episode! The biggest reason people hesitate to invest in real estate or any business is the fear of taking risks. After working as a retail and hospital pharmacist for 16 years, Quynh realized that her job was not secure and having just one source of income was also a big risk. As a pharmacist, Quynh was risk averse. But something changed her mindset. She decided to leave her job and focus her energy on achieving financial freedom and generational wealth through real estate. Find out what changed her mindset and how she became successful. Listen now!Key Points from This Episode:Quynh's experience working as a retail pharmacist at Walmart and in a hospital.The pressure of being a pharmacist in a hospital.What motivated Quynh to keep moving forward in her career as a pharmacist?Quynh's advice to those who feel stuck in their jobs or want to leave retail pharmacy to move to a hospital. The difference between retail and hospital pharmacists.Why and how did Quynh get into real estate investing?How long it took for Quynh to become convinced to start investing.How to know if you are ready to invest.Quynh's first investment and how they got the deal.Quynh's coaching business.The challenges she faced in her journey and what she would have done differently knowing what she knows now.A smart way to know what action to take to achieve your end goal.Tweetables:“Having only one source of income is very risky too.” [00:25:06]“Starting with the end in mind is important. Once they know what they want then they also have to figure out how to get there.” [00:37:31]“There's a lot of different ways that you can invest. People have to look inside of them and see what their risk tolerance is.” [00:38:32]Links Mentioned:The Wealth Building Agent websiteThe Psychology of MoneyOur San Diego HomeFollow Quynh Vu on:LinkedInFacebookInstagramTikTokYouTubeConnect with us!Claude Condo on LinkedInJeff Stark on LinkedInAbout Quynh VuQuynh and her husband purchased their first home at 23 while still in college and have always owned a home since then. In 2018, her husband started investing in real estate to help them find ways to create more passive income while she worked as a pharmacist. They now own numerous properties, including accessory dwelling units (ADUs), condos, duplexes, and single-family homes used as vacation homes and long-term rentals in San Diego, California, and several states. Quynh is also a Real Estate Coach, who helps Real Estate Agents grow their real estate businesses and portfolios.The main sponsor of our podcast is Rx Real Estate Investment. They make everything we do possible, and our conversations and interviews would not be available without their support. If you want to diversify your retirement portfolio and get into commercial real estate investing, working with Rx Real Estate Investment may be a great match for you. Check out the website at www.rxrei.com.
Chuck Kasky, Maryland REALTORS® CEO, is joined by Lisa May, Maryland REALTORS® Director of Advocacy and Public Policy, to discuss the top real estate issues and initiatives for the association during the 2023 legislative session. Learn what legislation will be proposed in 2023 and how newly elected state officials may be the catalysts for driving new policy and creating new housing opportunities for Marylanders. In this episode, Chuck and Lisa dive deep into the topics of returning buyer deposits, succession planning for brokers, accessory dwelling units (ADUs), adaptive reuse of commercial space, the housing crisis, continuing education for REALTORS® and more!Keep up with the latest legislative information by visiting: http://www.mdrealtor.org/Legislative/Current-Session/Legislative-News
Turn your property's free spaces into another earning opportunity with Whitney Hill as we walk you through the ins and outs of accessory dwelling units, what you need to build them, plus ways to scale them quickly so you can start renting your property at a max value today.Key Takeaways to Listen forAccessory dwelling units: What they are and how to build themThe value of business partnershipsTypical size and cost of accessory dwelling unitsCommon mistakes developers make when building ADUsAn update on supply chains and current prices of building materials Resources Mentioned in This EpisodeBuildertrendFree Apartment Syndication Due Diligence Checklist for Passive Investor About Whitney HillWhitney Hill is the co-founder and CEO of SnapADU, an Accessory Dwelling Unit construction company serving San Diego. SnapADU has become the leading builder of ADUs in San Diego as part of a broader shift in how California is thinking about generating affordable housing. The company designs, permits, and builds 50 ADUs a year and has $15M in revenue. Whitney has been named to San Diego Business Journal's 40 Next Top Business Leaders Under Forty 2022.Prior to founding SnapADU, Whitney gained strategic & tactical experience as a management consultant for Bain & Company and as an operations manager for an industrial supply distributor. Whitney earned a BA in Psychology from Yale University, as well as an MBA from NYU with a specialization in Entrepreneurship And Management of Technology & Operations.Connect with WhitneyWebsite: SnapADUTo Connect With UsPlease visit our website: www.bonavestcapital.com and please click here, to leave a rating and review!SponsorGrow Your Show, LLCThinking About Creating and Growing Your Own Podcast But Not Sure Where To Start?Visit GowYourShow.com and Schedule a call with Adam A. Adams
While Rachel is on maternity leave, we're re-running some of our best and most popular episodes of The Bottom-Up Revolution podcast. We were reminded about this episode after recently recording a new interview with Sarah Cipkar, a small-scale developer based in Windsor, Ontario, whose interest in accessory dwelling units prompted her to build her own ADU. Today's re-run conversation with Ashley Salvador was recorded in the fall of 2021. Salvador is a big advocate for accessory dwelling units and, like Cipkar, lives in Canada, in the city of Edmonton. (Canadians must be onto something when it comes to expanding housing options and making housing more affordable!) We could sing the praises of accessory dwelling units all day, but the basic gist is that they allow homeowners to build a small additional apartment on their land, meaning rental income for the owner and the chance for a new resident to live in a desirable neighborhood at a much lower cost than the typical home in that area. It's a win-win situation. What started for Salvador as a research project turned into people asking her for input on how they could build their own ADUs and navigate the zoning and permitting processes, so she started an organization to help teach people about all of this. And eventually, she was so driven to make her community stronger that she decided to run for city council and won in 2021. It's a trajectory we've heard about many times on this show: Someone starts exploring an issue they care about, momentum gets built around that issue and other people start joining the cause, and, sometimes, that individual decides to take the next step into leadership and run for local office. You'll hear about that whole journey in this conversation, which is one of our most popular episodes to date. Additional Show Notes YEGarden Suites website. Check out the related interview with Sarah Cipkar. “Will Edmonton Be the First Major Canadian City to Eliminate Parking Minimums?” by Ashley Salvador, Strong Towns (May 2020). “How to Get Rid of Parking Minimums,” a Strong Towns webcast featuring Ashley Salvador. Follow Ashley Salvador on Twitter. Support this podcast by becoming a Strong Towns member today.
It's episode #26 of the Cash Rules Everything Around Me podcast with your host, Jason Matthews of Matthews Financial & Insurance Solutions! In this episode, Jason and co-host Norm Schriever cover: •Important financial conversations to have with your family this holiday season.
The October 2022 market stats for Denver, Colorado Springs, and Pueblo are now out, and our roundtable is back to discuss what they mean. Check out the latest trends, get updates on rental data and interest rates, and find out the latest news on ADUs in Denver.
Today we're going to discuss affordable housing and how to create more of it. Over 10% of the U.S. population lives in poverty and struggles to afford necessities such as housing. Over the past decade our nation has not made any real progress in reducing the number of Americans at risk of homelessness. This has led to a dire need for solutions that increase availability of affordable housing options. There is an opportunity for small business real estate investors, rehabbers, and wholesalers to use small-scale development to increase affordable housing while increasing their profits and helping their community. My guest today is Michele Williams who advocates for small-scale development and is on a mission to impact all 3,100 counties in the U.S. through legislation and policies to increase our affordable housing stock by 2031. Today Michele is going to share the solutions that she sees working all across the country. They include accessory dwelling units (ADUs), small houses, shipping containers and co-housing. Michele also discusses public policy and her method for changing the zoning laws and addressing the NIMBYism that often stands in the way. You can learn more about Michele here: www.dirttokeys.com Today's episode is brought to you by Green Property Management, managing everything from single family homes to apartment complexes in the West Michigan area. https://www.livegreenlocal.com And RCB & Associates, helping Michigan-based real estate investors and small business owners navigate the complex world of health insurance and Medicare benefits. https://www.rcbassociatesllc.com
Alex Czarnecki is leading the charge at Cottage, focused on modernizing the way in which homeowners can build ADUs. The popularity of ADUs only seems to grow as housing becomes tougher to afford while legacy zoning laws have made it very difficult to build new, infill housing units. With legislation changes to zoning laws and increased focused on units such as ADUs, it's no wonder the opportunity to revolutionize this segment of real estate is only accelerating. Even though Cottage has only been in business for a little more than two years, the've completed projects in over 100 California cities, with a focus on the San Francisco and Los Angeles areas. Alex breaks the opportunity down, mentioning this is not a winner take all game, but rather, there will be many winners (ideally that also means homeowners and renters win in all of this, as well). Listen in as Alex breaks down the hubbub around ADUs.More about Alex and CottageCottage is an Accessory Dwelling Unit (ADU) design-build firm committed to providing homeowners with the easiest process to build additional housing. As its primary focus, Cottage delivers ADUs, enabling homeowners to earn rental income or provide greatly needed housing to their family or local community by adding an extra unit to their home. Made up of architects, builders, and technologists, Cottage leverages their expertise in every step of the design and build process to build ADUs faster, with transparent pricing from the start, while simultaneously maintaining the highest standards for customization and quality. Meanwhile, contractors on the platform get a pipeline of projects and time-saving tools, so they can focus on providing quality work and client service.Alex Czarnecki, CEO of Cottage, wants to help homeowners and contractors build more and build better. After forging a career launching new business units for Uber around the world, Alex took on the challenge of building his own ADU, but after confronting delays through an overly complex process, he knew there had to be a better way. Since its founding in 2020, Cottage has expanded to more than 100 California cities – and growing – to help homeowners get more out of their home with an ADU. Follow Alex on Twitter Follow Cottage on Twitter Connect with Alex on LinkedIn Check out Cotta.ge
The InsideABODE podcast comes to you LIVE from the lobby of the Inman Connect conference, held in the Summer in Las Vegas. For the first time, Dave 'lobby cons' it and pulls industry leaders aside in between sessions for quick chats. Get to know some of the faces breaking ground on the national real estate scene. In this chat, Dave sits down with Kendyl Young, the managing partner for Diggs ADU (Accessible Dwelling Unit). Prior to becoming Diggs ADU, Kendyl founded the Diggs Real Estate team and brokerage, which has evolved into the current model. Kendyl has seen it all; difficult markets as an agent, team leader, owner, manager, national speaker... you name it, she's done it in this industry! Take a listen to Kendyl, her journey into real estate, and how ADU Diggs helps families realize their real estate goals and dreams. Follow Kendyl Young online: Website Instagram Linkedin Diggs ADU Blog --- Send in a voice message: https://anchor.fm/windermereabode/message
Time for our Friday Flight! These episodes are a sampling of the week's financial news and the impact on your personal finances. There are a lot of headlines out there, but we distill it down to specific takeaways that will allow you to kick off the weekend informed and help you to get ahead with your money. In this episode we cover some relevant and helpful stories like: life as a one car family, ADUs FTW, smaller affordable housing, flippity-flops, mortgage rates at 20-year highs, whether I bonds are still a smart buy, haute dogs and splurging on your pets, the worst life advice of all-time, separation of money and politics, & Netflix is going with commercials. Want more How To Money in your life? Here are some additional ways to get ahead with your personal finances: Knowing your ‘money gear' is a crucial part of your personal finance journey. Start here. Sign up for the weekly HTM newsletter. It's fun, free, & practical. Find a thriving community of fellow money nerds by joining the HTM Facebook group! Maximize your rewards by getting the best credit card for how you spend. Massively reduce your cell phone bill each month by switching to a discount provider like Mint Mobile. Don't be cheap and forego getting a life insurance policy. Compare rates with Policygenius. And please help us to spread the word by letting friends and family know about How to Money! Hit the share button, subscribe if you're not already a regular listener, and give us a quick review in Apple Podcasts or wherever you get your podcasts. Help us to change the conversation around personal finance and get more people doing smart things with their money. Have an awesome weekend! Best friends out!See omnystudio.com/listener for privacy information.
You need a 20% down payment to buy a house, right? Most people assume that the standard down payment amount, 20% down, is the acceptable average when buying a rental property or a primary residence. But this isn't always true, even for real estate investors. Many investors will spend years saving up just a single down payment amount, only to later realize that they could have bought multiple rental properties faster if they would have done less down. So before you put a big chunk of change into your next rental, listen up.David Greene is back with another episode of Seeing Greene where he takes a multitude of questions from new and small real estate investors. There is an answer for everyone in this episode with topics covering down payment amounts, investing in US real estate while living abroad, new real estate agent tips, how to finance ADUs (accessory dwelling units), and retiring yourself (or your parents) with real estate investing!Want to ask David a question? If so, submit your question here so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he's going live so you can hop on a live Q&A and get your question answered on the spot!In This Episode We Cover:What type of rental property should you buy as your first real estate dealHow to dominate your market as a brand new agent and meet buyers and sellersAs a foreign investor, how can you get around the 35% down payment requirement How to finance an ADU to increase cash flow on your rental propertyShould you invest with your family if you haven't done a deal yet?Buying rental properties without having to save up a 20% down payment And So Much More!Links from the ShowBiggerPockets Youtube ChannelBiggerPockets ForumsBiggerPockets Pro MembershipBiggerPockets BookstoreBiggerPockets BootcampsBiggerPockets PodcastDavid's YouTube ChannelAsk David Your Real Estate Investing QuestionListen to All Your Favorite BiggerPockets Podcasts in One PlaceGet Your Tickets to BPCon2022BiggerPockets Money PodcastWork with David's Team on Your Next MortgageDavid's InstagramDavid's BiggerPockets ProfileListen to Our Interview with Dan BraultBook Mentioned in the ShowSOLD by David GreeneSKILL by David GreeneFinding and Funding Great Deals by Anson YoungLong-Distance Real Estate Investing by David GreeneClick here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-624Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.