Episode #1,039
Episode Show Notes: https://link.chtbl.com/BPRE
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Can You Build Wealth by Rezoning Your Property? Yes! Here’s How:
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Is property “rezoning” the trick to making much more money in real estate? Our guest is using zoning laws to his favor by finding areas with hidden potential but NO space left to build. He then changes the zoning, builds new homes, and sells them FAST (and often over-asking price) to the local buyers waiting in line for inventory to arrive. You can do it, too, but you’ll need some beginner information before you start.
Since 2016, Stuart Udis has been building homes in areas most investors overlook. The average investor sees an area with growing demand but realizes that they can’t build a home because a piece of land may NOT allow residential units, so they give up. Stuart instead gets both the city AND the local residents on his side, having all parties favor a zoning change, helping him be the only investor to build on that once-overlooked piece of land.
So how do YOU do this, too? In this episode, Stuart walks through how he finds hidden opportunities in often-overlooked neighborhoods, the groups you’ll have to meet with before you try to change the zoning, and the types of units he’s building that give him the highest return on his money.
00:00 Intro
01:20 Buying $50K Houses!
05:06 BIG Cash Flow Mistake
09:05 Finding a Hidden Opportunity
13:45 Changing “Zoning” to Meet Demand
20:36 Getting Zoning Approval
24:57 What Buyers/Renters Want
26:37 Buying, Building, and Renovating Rentals
