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Buying Properties on Large Lots to Build Additional Units (ADU Value-Add Strategy) | Maxwell Ventura E31

Buying Properties on Large Lots to Build Additional Units (ADU Value-Add Strategy) | Maxwell Ventura E31

FromThe Rich Somers Report


Buying Properties on Large Lots to Build Additional Units (ADU Value-Add Strategy) | Maxwell Ventura E31

FromThe Rich Somers Report

ratings:
Length:
33 minutes
Released:
Mar 16, 2023
Format:
Podcast episode

Description

In today’s episode Rich sits down with Maxwell Ventura – a local residential Broker Associate who specializes in working with new investors for single-family residences up to the 4-unit range. He focuses on value-add opportunities for his clients, including renovation plays, adding additional units, and leveraging the non-optimized zoning on a given parcel of land. They dive into the ADU permitting process, California Coastal Commission Zoning, bonus density, and creative ways of utilizing lot codes to maximize potential. Rich also shares what his exact strategy would be if he was a new investor, to live for free while still creating equity and cashflow. // Connect with Max on Instagram: @maxwellbventura / Email: maxwellbryan.realty@gmail.com / Phone: (619) 944-2580--Connect with Rich on Instagram: @rich_somersInterested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more. Interested in joining our Boutique Hotel Mastermind? Visit www.somerscapital.com/mastermind to book a free call. Interested in STR/Boutique Hotel Management? Visit www.excelsiorstays.com/management to book a free call.
Released:
Mar 16, 2023
Format:
Podcast episode

Titles in the series (100)

Join host Rich Somers, as he interviews top real estate investors, entrepreneurs, and athletes from all over the world to discuss all things real estate, business, and wealth related. His first guests include Tarek El Moussa - real estate investor & TV personality, and Cliff Avril - former Seattle Seahawks player & Super Bowl XLVIII Champion. Rich is an active real estate investor and entrepreneur holding a portfolio of apartment buildings, boutique hotels, and short-term rentals valued in excess of $50M. He was an air traffic controller for the government for 11 years, and cashed out his 401k to get his start in real estate investing. Connect with Rich on Instagram: @rich_somers