While challenges to single-family zoning draw attention, other reforms could have an even bigger impact. Real estate investors should be paying attention.
Brad that’s seriously sensible stuff. If the debate is anything like it is here, your logic will be trumped by hysteria but I really applaud your efforts nonetheless.
Great points! Suggested addition: allowing developers of for sale units to use pre sale deposits for development needs. This radically reduces equity capital needed to get started and also enables banks to offer loans at much higher LTC. Each state has slightly different rules. Florida’s is best in class in my opinion:
Brad that’s seriously sensible stuff. If the debate is anything like it is here, your logic will be trumped by hysteria but I really applaud your efforts nonetheless.
Great points! Suggested addition: allowing developers of for sale units to use pre sale deposits for development needs. This radically reduces equity capital needed to get started and also enables banks to offer loans at much higher LTC. Each state has slightly different rules. Florida’s is best in class in my opinion:
http://www.leg.state.fl.us/statutes/index.cfm?App_mode=Display_Statute&URL=0700-0799/0718/Sections/0718.202.html
I agree with you, Harvey.