Ep #169 - Jordan Madewell - Becoming a Multifamily Real Estate Developer

Here's Some of What You Will Learn:

• Opportunities in building to rent or building to flip
• How to structure a real estate development deal.
• How structuring a deal with the seller of the land can benefit construction financing.
• How to minimize out of pocket equity when dealing with real estate development.
• If you do not have any experience on contracting, partner up with a general contractor when getting into real estate development.
• How to find good general contractors.
• Going from a commercial zoning to a residential zoning is typically easier that the alternative.
• Development is a longer process, typically 6-12 month depending on rezoning and planning.
• It is best to find land that is free and clear.
• If it's just a purchased land, cash on cash return will be minimal for the first few years.
• 2-3% per month is typically the standard on leasing up per month after development of a property.
• You should always try to use a local architect because it will benefit you even though you have to pay more.
• Local architects know everybody in the city and they know the nuances of that specific city you want to build in.
• If you have a blueprint from somewhere else, and there are no restrictions on use of that blueprint, then a local architect can look over those blueprints and make the needed changes.
• How to find land to develop on.
• When doing your first build, do something simple first.
• Connect with me on Facebook at Rod Khleif.
• Text Rod to 41411 or visit RodKhleif.com for a FREE copy of my book, "How to Create Lifetime Cash Flow Through Multifamily Properties."

Our Guest

You can learn more about Jordan Madewell at:

http://www.madewellinvestments.com/

http://www.madewell-construction.com/

Want to build Lifetime Cash Flow from Multifamily Properties? If you're committed to creating the life you deserve, we've created the best multifamily training and coaching program on the market. I personally coach you on your path to create the life of your dreams. I will help you CRUSH it in this business! - if you'd like to receive information about our program, text CRUSH to 41411 now.

Recommended Resource

• Looking to invest in a multi-family real estate project? Want to partner with me personally on a deal? To schedule a time for us to talk click on this link: http://www.meetme.so/RodKhleif2

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