#017: See How A Deal is Assessed From The Beginning

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SHOW NOTES

0:56 – Describing the project that Norm and Tom are talking about today. 

 

3:02 – Details on what a joint venture is and describing two ways to do deals without banks: joint ventures and borrower-lender relationships. 

 

4:06 – More details on the permitting for Norm’s project and the property itself; how the time horizon for permitting is playing into this deal with the seller. 

 

5:47 – Information on options and land contracts as creative, collaborative ways to deal with this kind of situation. 

 

7:30 – Norm’s approach to negotiating on this deal so far. 

 

8:56 – Discussing the possibility of bringing the seller in as an equity partner. 

 

10:08 – Describing some of the relationship between prices and terms for deals; digging more into the price and terms that Norm has worked through on this deal. 

 

13:13 – Another possible route including an option payment with a reimbursement if another buyer comes along. 

 

15:55 – Details on what the city and the neighbors are looking for in the permitting process and where the project stands now. 

 

17:39 – Discretionary versus non-discretionary approval processes and some strategies for working with each. 

 

20:26 – What the process for moving forward in the permitting will be and what the timeline looks like. 

 

21:34 – Addressing how to approach the terms for the deal in order to keep the price favorable for everyone. 

 

23:31 – Vetting a general contractor, some specific details about the structures on the property, and some possible plans for the structures. 

 

25:16 – Tom’s experience with relocating houses and how they may be able to do that in with this deal. 

 

27:55 – Contacting Norm. 

 

 

 

Resources and Links Mentioned: 

 

 

Contact Norm at 510-730-7721 or email him at hanabuyshouses@gmail.com 

 

Contact Tom at tom@tombraegelmann.com or feedback@tombraegelmann.com