All Forum Posts by: Danny Kay

Ok cool.. That works.. I might head over to the market place in a little while and post the couple projects i have forsale :D

Doo you play the Forex market>? if sooo thumbs up. Im currently a strugling daytrader that got murdered May06 till now :(

Personally i would take a few BASIC steps, and one of them is NOT "just buying the land and hopeing to get zoning and a LDP for I want"

1. ZONING- can you get what you need, density?? style of housing?? ect ect TALK to you county commisioner and/or one of the zoning heads about your intents (talk them to lunch, visit thier office, give them flowers lol, just anything to get the county on your side)

2. COMMUNITY- will the community support this type of housing (talk to other developers, visit projects of similar nature prefurably in the same area and price bracket).

3. PRELIM LAND PLANNING- do a preliminary layout, please remember stream buffers, speciman trees, ANY juristictional waters (its a good idea to have you county water systems guy come walk your property with you to verify any juristictional water systems and what the required state and county buffers are for those systems). Also, flood maps are great for prelim, GIS mapping, and FLUM (Future Land Use MAp) are a must look at. Also, verify ALL utilities (dont belive that dang realtor for one min ;) ) go to the county for sewer and water. Call elec to verify that can increase capacity to withstand your development.

3.a. - Know what the county likes. Get a development standards book so you can understand what and why a engineer should do somthing. And just because another developer got approved for a certian doesnt mean you will. Remember standards are changing constantly, and just beacuase that subdivision has this construction feature in it, doesnt mean you can too (doesnt mean you cant either). Did that make any sense at all?

3.b. - COE Core Of Engineers.. These people are a pain in the arse, get a good Eviromental company to do your Phase 1 and any permiting you might have to do for stream crossings, wetland compensation, ect. Also, you enviro. company will deliniate wetlands for you and transfer the info to your civil eng. There is some type of Core approval the comapny needs to deliniate wetlands, not sure what it is, sry. Your civil eng. will deliniate floodplain for you. If your stream free, you SHOULD be able to sleep at night ;)

Ok thats very basics, off the top of my head. Im not a writer, so i have my fingers crossed that it makes sense.

thats awesome.. anything around tech is good stuff :D shoot, anything remotly close to atlanta is good stuff :D

Got thinking, i would probably start with single family. IMO a higher chance of appreciation. But then again, LOCATION would dictate everything. So learn the areas, then do what you see fit.

i swung in that area earlier... i swing by again..

also, is it ok to list properties on this site in a "forsale" section.. or do the mods frown on trying to sell prop if your not a site sponser?

thanks for the welcome wesley. I will try to answer questions, but im far from expert but I do know a good bit for my age i think. Anything I dont know, i will difinatly try to find out, thats FOR SURE.

1. County Zoning/Core of Engineers
2. Civil engineers

Hopefuly you dont mind a little input from a youngin.. :D

Condo vs SF
My area (atlanta) as a general rule, condos dont appreciate like a SF household does, from what I have learned from my elders (my dad, and associates of mine) is that the reasoning is becuase the market is flooded with new townhomes all the time, why pay X price for a used condo when u can pay a little more for brand spanking new one in better n'hood. Now, what exactly drives it not to appreciate as quickly? I would assume the demand makes builders sooo competative with new units, along with the increased risk of being hit with huge fees from the association on a older unit.

Now, on the flip side.. there are some areas in atlanta where IMO they should appreciate just the same, due to demand and lack of future buildable areas.

I would put townhomes on par with condos. But really, either i would be very interested in investing in. But right now, i am just trying to build my own capital.. And dont have the luxury of buying the 600K+$ condo in atlanta i want to turn into a executive suite. Maybe one day.

But if anyone wants to correct me , go for it, im just a young n00b trying to establish his own thoughts :D

woods,

thanks for the reply. I emailed my banker today, to see what he can do. And if he would have a problem lending the LLC money. In the past, we (the company and I) have made LLCs for each development project. Which is common, and they have had no problems with that (they actually prefer it). But since this is smaller loan, they might not like the idea. I will just have to wait to hear back from him (banker). The lending aspect of the LLC is the thing that got me questioning weither its the best thing to do. And me and my friend have talked about a co-app purchase then transfer it to the LLC. We will see, right now it depends on my banker. Thanks for the input Woods!

FYI: my partner/friend and myself are not "new" to real estate. He is a agent and i am involved pretty heavily in development. This is just slightly skewd from our normal routine. :D

Figured i would drop a line in here saying hello! Ill give ya a short and boring background on me:

Im 21 years old, I live in west Atlanta. I do mostly Land Development, but I do manage a few properties for rent/ lease purchase properties. www.IDIarchitects.com for info on the company. I currently am trying to unload two fairly nice size projects in one of the hottest counties in atlanta: Cobb. We also, have some properties on the back burner, that we are taking offers on, but are not activly marketing.

As far as my roll in the company: I do all the preliminary land planning for zoning, i run the properties through zoning, and all the loops the county send us into. I basically do a little of everything, i built the cheesy website seen above, I do various permiting and I also handle alot of "propert filtering" as I refer to it (or self bird-dogging lol). There is alot of other stuff on my job title, but I dont want to write a book on it.

Thanks for the great forums, and I look forward to watching BP.c grow in the future.

+1
any updates on this?