Brand New Senior Housing coming to Yucaipa, California
Give a huge shout out to Tim Huyck everyone! This rockstar has a 1.34-acre property under contract in a Zone that allows for 8.7 units per acre. That, along with a 100% density bonus from the city for senior housing, will allow us to add 21 senior condos/apartments to the already existing 2 houses that are currently on the property, and make a 7 figure profit!
The craze for Senior housing is sweeping the nation. Every week, 65,000 people graduate to senior status and many thousands of them are looking for places to live. Senior projects often make for great developments because parking and green space are often reduced while lucrative density bonuses can be given.
We cannot stress just how incredible using the Highest and Best Use mentality is, in finding deals that are often hiding in plain sight. Many investors in Southern California are spinning their wheels trying to find carpet and paint rehab deals, being forced to pay well below market value to hope for a profit. We often pay near or even at full price on Highest and Best Use deals, create win-win offers, and still profit handsomely.
This is Tim’s first deal of 2018, and we know already that it won’t be the last! More details on that to come very soon. All Tim has done is follow the steps that he has learned in Mike Watson’s trainings, here at Mike Watson Investing, and has taken action. That’s it! Follow the steps and take action. Results then abound.
At Mike Watson Investing; we do Deals!