All Forum Posts by: Colin L.

@Katie L. yes currently in my name and I have new deed ready to be recorded for the LLC.

The loan is thru my family member's SDIRA and the custodian of the IRA was the one who requested I provide it.

I am in the process of transferring a property that I own from my name into an LLC I created. I took out a private loan from a family member to purchase the property, and from what I understand I will need to assign the loan from my name into the LLC as well. Is there a form or template for this transfer? Any help would be appreciated. I'm in CA, as is the property.

there is always good ole fashioned driving for dollars!

How much? If that lot area and zoning are correct, you could do 11 units using state density bonus.

I had a chance to go through these in person recently (AIA tour), the loft spaces are great!

I have worked on dozens of apartment buildings and I think there is a lot of value in having a GC on board early in the process.  As the client, having someone you know and trust to get the job done is huge.  It can create more of a collaborative feeling atmosphere client/architect/contractor as long as everyone is on the same page.  Ultimately if your preferred GC's estimates come in too high, as the client you always have the option to bid it out at the end of the day. 

Thanks for the reference - I like the pocket neighborhood idea.

 I actually had a co-housing project like you described in the works, but it got shot down by City Council due to some very angry neighbors.  Even though the property and most of the block is zoned for multifamily, the existing homes are all single family.  =(

And I hear you on the issues w/ general plans not having enough MF zones, it is a common issue around CA and another form of NIMBYism (IMO).  There is no penalty for not meeting the general plan requirements so towns that don't want MF don't zone for it.  Keep an eye out for bill SB 827, could be a game changer for development around mass transit. 

I would have liked to see residential as part of the project, to create a true mixed use neighborhood.

Getting it surveyed is definitely a good first step.  If you haven't already, speak to the local planning and building department to find out what you can build on the land, what the process is for permits, and what is needed from you to submit for permits.  Also local architects that have worked on similar projects are a good resource and can help guide you through the process.