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

The Rich Somers Report

Rich Somers

Business, Entrepreneurship, Investing

5 • 910 Ratings

🗓️ 16 March 2023

⏱️ 32 minutes

🔗️ Recording | iTunes | RSS

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Summary

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 lo...

Transcript

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0:00.0	You know, it's it's a great niche because there's 30,000 residential real estate agents in San Diego County alone
0:07.3	That's crowded so it's crowded. It's flooded yet this the investor space is it's a whole other skill set that you have to learn
0:15.8	when you go to apply and take your test you know you essentially learn how to help
0:21.4	someone buy and sell a house there's nothing that has to do with investing, cap rates,
0:26.0	GRM, any of that.
0:28.0	Welcome to the Rich Drummers Report where we talk real estate, business, and wealth building, all while keeping it real.
0:35.0	No fluff, no BS.
0:36.5	I hope that you enjoy the show.
0:39.8	All right guys, Welcome to another episode of the reports. Today we got someone
0:47.8	who specializes on the residential side, specializes in working with new
0:51.8	investors, first-time investors.
0:54.7	He specializes in the SFR to four unit range here locally in San Diego.
0:59.1	I got Maxwell Ventura.
1:00.6	Maxwell, welcome to the show, my man.
1:02.2	Thanks for having me on. Exc excited to give some value for your viewers.
1:05.4	Yeah, absolutely.
1:06.4	So tell us a little bit about what you do in this space.
1:08.9	Yeah, so it's residential, single family, value add opportunities to the niche that I'm in.
1:15.2	So that could be SFR, distressed, or two to four units.
1:20.1	And so here in the county of San Diego we have 19 different municipalities.
1:25.6	I live downtown in Little Italy and the San Diego City is going to be the largest
1:32.4	municipality of those 19.
	...

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