How to Become a Real Estate Developer (Simple Steps)
Wealthy Way
Building a Personal Brand and The Business Side of Building
In this chapter, they discuss the importance of building a personal brand on social media and suggest starting a podcast as the best way to do so. They also mention a free training on building a podcast.
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Connect with Dirk!
Instagram - https://www.instagram.com/thedirkvandervelde/
Dirk van der Velde, a member of the Wealthy community, shares insights into his real estate development journey with Ryan. Still in his twenties, Dirk has engaged in significant development projects, and his family is known for their top ranked resort in Oregon. Ryan expresses admiration for the transformative process of turning a $10 million piece of land into a project worth billions.
In development, the main difficulty is the fewer deals compared to other real estate strategies. Dirk explains his approach to raw land, where he only pays 10% per unit based on the land's future developed value. This method helps attract investors, and Dirk particularly favors developing apartments due to the relatively short 2-year timeline for completion. He highlights two critical considerations in development: construction costs and debt structures. Locking in debt helps mitigate the impact of potential interest rate increases.
Dirk underscores that, unlike other real estate ventures, development doesn't yield immediate returns; profits come upon exiting, which could take several years. To ensure cash flow during this period, Dirk diversifies with other business ventures, including a construction company used for external deals and personal projects.
Assisted living, especially in memory care, is discussed as a lucrative niche due to consistent income streams, with government support adding stability.
Dirk advocates a growth mindset and believes in investing in coaching to learn and progress in desired areas. He aims to provide genuine education for those eager to learn and take action.
The conversation delves into the challenges of starting and hosting events, with both Dirk and Ryan sharing experiences and emphasizing the learning curve involved. Ryan shares his considerations for a potential golf course development, exploring locations and possibilities.
Dirk emphasizes the importance of building a strong acquisitions team and fostering relationships and a reputable brand to attract deals and collaborators.
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About Ryan Pineda:
Ryan Pineda has been in the real estate industry since 2010 and has invested in over $100,000,000 of real estate. He has completed over 700 flips and wholesales, and he owns over 650 rental units. As an entrepreneur, he has founded seven different businesses that have generated 7-8 figures of revenue.
Ryan has amassed over 2 million followers on social media and has generat...
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