All Forum Posts by: Lynn Currie

@Karen Margrave

I'm not using BDX. I'm going to check into it though.

@J. Martin

Let's plan it!

@Jason Rowlett

What are your goals and what is your risk tolerance?

@Jem J. 

Just a quick tip. When I'm sending tenants info on how to fix something, I usually find a YouTube video that shows someone doing it. 

This way they don't do things like hang large bottles of vinegar from shower heads. ;)

@Ben Mills 

You would likely have to buy it first, but it always depends. Sometimes owners are willing to carry it for the time that you go through subdivision for some reason. Either way, whoever owns it would have to agree to the subdivision with the city.

If you find an SF-3 lot that is 15000 square feet, it is likely that you can only subdivide into 2 lots - leaving you with 2 lots greater then 7000 sq. ft. Looking at that, you could put 2 condos, or as I like to call them, paired homes. 

The challenge with getting 4 lots will be minimum lot size (5750 is the minimum lot size in Austin), so you need about 25000 sq. ft to get 4.

That was the long answer. The short answer is yes, in that scenario you would build 2 condos per SF-3 lot with two different buyers on each build. 

@Ben Mills

I'll jump in since I develop in Austin.

You are correct that one of your biggest challenges will be to find the lot. Here are some options and considerations:

• Find two SF-3 lots of the correct size next to each other. This is going to be your easiest and fastest solution. The lending can be easier on this, too.
• Find an existing multi-family lot that is large enough to work with. You'll have to go through site-planning with the city for this. That adds at least 6 months (and that's if you're lucky) and $25k to the project + holding costs.
• Find a large lot and rezone or subdivide. I'd personally subdivide to get two SF-3 lots from one larger SF-3 lots before I tried re-zoning. The process and timeline is similar, but it will likely be easier to get through planning and neighborhood groups.

Overall, the time for the project will depend on the decisions you make above, and how long your group takes to work with an architect. The build can be done in 6 months or so once the permits are gotten.

Feel free to reach out with specific questions or if you want to talk about the development side of this. 

I second the @J. Martin summit in San Francisco. He's setting up to his next one right now for late August. Rumor has it I'm even going to be speaking at it.

Thanks, @Ronnie McClain

I had so much fun last year that as long as I can schedule it, I'm in! 

I'd love to see @Karen Margrave attend, as well as bring a few more of my Austin peeps.

@Karen Margrave So far I'm really loving Co-Construct! The training, documentation and support have been really helpful in getting me up and running. I've got about 4 projects setup in it and am adding another one today.