All Forum Posts by: Laura Rajavuori
Laura Rajavuori has started 0 posts and replied 2 times.
Post: Do you track local zoning and how do you factor that into you deal analysis?
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Quote from @Rene Hosman:
Listened to @Dave Meyer's great interview with @James Dainard this week and it's got me thinking about zoning. I've always found zoning fascinating. Personally I have thought buying in mixed use zoning could be an interesting opportunity as you can use it for residential or commercial and having that flexibility of commercial property with 5% down if you live in for a while and it seems like a potentially good idea in some areas. But until James' interview I hadn't thought about proposed zoning changes or tracking those as a kind of cheat code to learn more about what areas to invest in.
I'm curious if anyone goes to local zoning meetings? Or maybe you read through minutes of local meetings online?
If you attend these meetings, what do you learn from them? Were you able to take those learnings and put them to use in your investments? Did it change, influence or solidify any of your strategies?
Please share all the details and experiences you've had with zoning meetings / zoning boards / planning commissions! The good, the bad, and the ugly!
Hi Rene,
Glad to see some female blood in this world! In my 22 years of investing in real estate my due diligence in zoning has always been to go to the top! RE agents, like minded investors, neighbors, even opinions at zoning committees don’t count. Go straight to the governing city and county, call and get it straight from the horses mouth. I can’t tell you how many times I was told by an uninformed agent that something was legal or zoned for and was wrong. Common sense. This is how I run my current businesses of long term and short term rentals. I decided 22 years ago that listening to uninformed agents was over so I got my brokers license and started what has now grown into a large Real Estate investment company with many agents helping other to find and manage their little to large personal plots. I love what I do and have been so passionate about short term vacation rentals way back in the “mail the keys” and before Airbnb was an item. If you don’t love it, run!! Yes, it’s passive but I like to say it’s passive aggressive! It takes work. Spent all last summer working on my long term props. Now working on my short term properties as I like to do hands on maintenance or designing and financial strategies as much as possible. But I really love the challenge and strive for excellence while creating bonds with people. If you don’t then you’ll get bogged down and want to quit as it is work! Carry on, invest smart, love people, have fun while doing it.
Post: Beware of Norada Capital: Caveat Emptor My Fellow Small Investors !!!
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Quote from @David Kanarek:
Whether or not it is legal is something a court will decide. You left out the deception that they claimed they NEVER miss interest/principal payments. And you also left what you think of them continuing to seek new investors without mentioning the possibility of suspension of previous investors interest payments.
Unlike Norada and Marco Santorelli, I am giving fellow honest investors the facts so they can make a decision as to how to proceed with all the correct information. Whether or not Norada gets away with this legally, I am doing my duty to warn people, not what I falsely declare or believe what could happen, but the facts, but what has ACTUALLY already happened. I will certainly continue to spend as much time and resources necessary to make sure as many people know as possible.
I agree with you David. It appears that you did your due diligence to understand the risk involved and you inquired of Marco Santerelli a full honest disclosure of Norada records so you could assess that risk before handing over your investment. Carry on with your investigation and any litigation as a judge just may agree with you. Hopefully you have e-mails that they stated their “honest” appraisal of their past. Judges will consider ethics especially where potential fraud may be brewing. As for where Marco claims to be investing, look this up as I found that he is bordering on an illegal form of reinvesting money so you may be able to sling that stone to kill this “giant”. I sure am sorry that this has happened to you. Thanks for warning others and keep us posted on your findings and fight.