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How to Turn Small Lots into Gold Mines
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Ever wondered how to turn a small residential lot into a gold mine? Joining us in this episode is John Rourke, a local real estate investor and neighborhood infill expert. John shares his journey from flipping houses to developing ADUs and utilizing SB 9 to create wealth with small properties. Discover the potential of urban infill, the benefits of ADUs and SB9, and gain valuable insights into navigating city regulations and overcoming development challenges.
Takeaways
ADU and SB 9 laws in California have created opportunities for infill development and increased housing density.
Leveraging debt in real estate can be justified by the equity it creates, especially in the context of property development and ADU construction.
Having conversations and building relationships with real estate investors and developers can lead to valuable opportunities and insights for those considering real estate investment.
City regulations and enforcement of new laws, such as SB 9, can present challenges for real estate developers, but precedents and learning together can lead to smoother processes in the future.
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This podcast was produced by Two Brothers Creative.
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