Today I'm talking with Mike Marshall about land entitlements.

(Show Notes: REtipster.com/112)

Believe it or not, I didn’t know hardly anything about the concept of getting land entitlements until about a year ago because, for most of my land investing career, I had never done any improvements or development with any of the vacant lots I’d flipped. I just bought them for really cheap, did nothing to them, and then resold them for a higher price.

That’s all good and fine, and there are a lot of advantages of taking that approach, but what if you DO want to develop your land, or even if you don’t develop it yourself, but you want to obtain all the necessary approvals from the local government so that the next guy can start developing it? 

This is called the entitlement process. Land entitlement is the legal process where a real estate developer or landowner obtains approval from the local governing body for their development plans.

When a property receives its entitlements, it brings certainty to the equation, so you know a property can be used for a specific purpose and developed a certain way (so you don’t have to buy a property without knowing if you’ll be able to use it for your intended purpose). This certainty actually adds value to the property.

I’m talking with Mike Marshall because he’s an expert in this stuff. With nearly 20 years of experience in the land entitlement space, he knows all about how to entitlements to add value to a property without ever having to touch it. Whether it's subdivisions, change of use permits, zoning changes, or full-scale development, Mike knows how to help investors navigate the regulatory waters on their pathway towards entitlement approval.