Buying Land for Construction Projects and Mitigating Risks | 9min snip from BiggerPockets Real Estate Podcast

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893: 2024’s New BRRR Strategy: BUILD, Rent, Refinance, Repeat w/Natalie Cloutier

BiggerPockets Real Estate Podcast

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Buying Land for Construction Projects and Mitigating Risks

Natalie Cloutier discusses the process of buying land for new construction projects and mitigating risks. She explains the importance of getting land at a price point where you can recoup your money if the project doesn't work out, and shares alternative strategies like changing zoning or reselling the land to another investor. Natalie also talks about the challenges of high interest rates and her plans for maximizing ROI on future projects.

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Though only in her thirties, Natalie Cloutier has built a nine-million dollar real estate portfolio with just eight properties. Her secret to success? The “build-to-rent” strategy that so many real estate investors won’t even consider. Most investors feel that the building process is too complicated, expensive, and requires too much effort to be worth the time. But what if this “build-to-rent” strategy allowed you to create your own profitable deals, make massive amounts of equity, and build wealth even in a highly competitive market?

After her parents shared their secret strategy to build wealth, Natalie realized that building rentals, not buying them, was her ticket to financial freedom. But how could she get started? She was a fresh college graduate with no money to her name. Thanks to a no-money-down construction loan, Natalie built her first rental property, a house hack, which ignited her multimillion-dollar real estate portfolio.

In today’s show, she shares her “super secret method” to “building” wealth with the build-to-rent strategy, how to CREATE your own deals in ANY market, what you can expect to pay for a new construction home, how to find land to build on, and the biggest challenge that stops most investors from getting started (you CAN get around this!). Plus, how she’s doing it all in Canada’s unbelievably unaffordable housing market.

In This Episode We Cover:

The build-to-rent strategy and why building trumps buying in 2024

The EASIEST way to get into new construction (copy Natalie’s move!)

How much you can expect to put down when building a new construction rental

Tips to make your new construction rentals cost-effective and save tens of thousands

Where to find land to build on (it’s not as hard as you think)

The one move that will make building a rental MUCH easier for you

And So Much More!

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