All Forum Posts by: Tatiana Gershanovich

I don't think it's about requirements for the short plat. It's more about that you have to have either different parcel numbers or some kind of recorded agreement with the buyer that you can continue to subdivide and they won't claim the ownership of the rest of the land.

Will post on this thread if I find the solution, unless somebody answers here.

@Albert Bui Nope, that's too simple. Remember, we never look for simple ways :D

The situation that I'm inquiring about will arise when we buy a flip with hard money, do a rehab and want to sell the house without waiting for subdivision to go through (rental with hard money won't work and we are not interested to refinance either). 

Hey fellow BP Members - join me, @Dima Suslikov and @Ryland Taniguchi for our monthly Wholesalers Workshop. Bring your deals and let's analyze them.

Some of the things we are happy to cover :

• Calculation of After Repair Value, IRR, construction breakdown, etc.
• Looking at Creative Deal structuring like using private money or seller subordination or lease options.
• Discuss on strategies for wholesaling and marketing.
• As a new subject to our MeetUps - we can go into IRA topics.
• Discuss development deals or looking at land and figuring what can be done.
• And much much more!

We usually keep it as Questions / Answers type of structure - to help more folks with their Real Estate investing parameters.

To keep on top of our MeetUps and Workshops, be sure to join our group :

• http://www.meetup.com/Real-Estate-Wholesale-Flip-I...

For more details on this event, here is the link :

• http://www.meetup.com/Real-Estate-Wholesale-Flip-I...

Looking forward to seeing everyone there!

@John Patterson Thank you! But without legal subdivision we will still have one parcel number. Therefore, the sale will affect this parcel. Maybe as part of the sale some agreement can be recorded that specifies that the second tract will be for us to keep when short plat is finished? Lease with option to buy won't work in our case. 

Here is the scenario: We have a house with a big chunk of land. The goal is to subdivide the land, sell the house with only part of the land and keep the remaining. At the same time we don't want to wait while subdivision is approved (can take 1-1.5 years here). So, ideally we would sell the house to a retail buyer with some kind of agreement that only certain amount of land will belong to the house and we will be working to subdivide the land.

Has anybody done something like this? How did you structure it?

It still depends :) We usually project $160-170 per sq ft, but it can go much higher depending on the lot elevation and other things related to the land. If we can use a tract builder the price goes way down. It's much easier to estimate if you can provide an address for the lot you want to build on.

Feel free to reach out to me and I will help you to analyze it. 

Our RE Investment and Development company builds quite a bit of SFR, townhouses and rowhouses in Seattle and surrounding areas.

We sure will!

Hey guys, join myself, @Dima Suslikov and @Ryland Taniguchi on the subject of Self Directed IRA. We always keep these events to Questions & Answers - and will be happy to answer any questions related to Real Estate subjects that anybody has.

Location is yet to be determined, but follow our MeetUp Group and once we have the location, it will be posted there - very likely will be on Eastside (Bellevue). Here is the link to the event :

• https://www.meetup.com/Real-Estate-Wholesale-Flip-...

If you are not part of our MeetUp group already, be sure to join - we hold workshops / MeetUps on weekly basis - all at no charge with no sales pitches :

• https://www.meetup.com/Real-Estate-Wholesale-Flip-...

Last time we were discussing subject of Notes, and we had awesome folks join us to contribute to the conversation including Marishka Pilch, Larry Gill, Bob Malecki, & Kevin Moen!

See you guys there.

@Richelle Hatch Welcome!

Here are the meetups that my business partner and I host, co-host or actively participate and think are worthwhile for you to check out as well:

http://www.meetup.com/SREIISeattle/ (we host this one. Each meeting we discuss topics that our audience told us would be of interest for them)

http://www.meetup.com/Real-Estate-Wholesale-Flip-I... (we co-host this one. The big attention is put towards a portfolio approach to investing in Real Estate. @Ryland Taniguchi is leading this workshop and it is targeted to answer audience questions about wholesaling, rehabbing, Self Directed IRA and Solo 401K and all other questions as well as analysis of deals).

http://www.meetup.com/PacificNWRealEstate/ - Meetings are held about 3 times a month in different locations: Kirkland, Seattle and Lakewood. You can meet there a lot of people who are members of Bigger Pockets. It’s a Social networking group.

http://www.meetup.com/SeattleInvestorsClub/ - Meetings are held once a month in Renton. This one has annual dues of $250, but the first meeting is free. It’s networking and educational group that has local investors or certain area specialists present at each meeting.

http://www.reapsweb.com/ - Has annual dues of about $250, first meeting is free. General meeting is once a month in Bellevue and there are also local meetings in South and North ends. General meeting usually has some guru from out of state to present. Local experts present in South and North end meeting.

@Ryland Taniguchi

@Dima Suslikov and I will be co-hosting yet another MeetUp together with @Ryland Taniguchi. Join us for a good time to chat on subjects of Rehabbing, Wholesaling, and Development.

As usual for events held at our "secret" location (follow the link below to our MeetUp group) - we will have Beer & Wine - and some finger food to share. Welcome to bring something to share with the group!

To see exact location, find the event on group's page :

• http://www.meetup.com/Real-Estate-Wholesale-Flip-I...

We keep these discussions to Q&A - and can go in depth into many subjects. Again, no product or service pitching - just great discussions on Real Estate subjects!

See you guys there!