In E274, Andrew Hines chats with Shawn DiMartile, an infill developer from San Diego, California. They explore the similarities between real estate markets in Ontario and California, emphasizing the regulatory environments and market conditions that impact development and investment strategies.
Shawn shares details about a specific project where he is transforming two properties, purchased for $1.6 million each, into a 30-unit multifamily building. This project capitalizes on "as of right" zoning, avoiding the complexities of rezoning, thus streamlining the development process. The focus is on efficient permitting and collaboration with experienced architects and contractors to optimize outcomes and minimize risks.
Throughout the discussion, Shawn elaborates on risk mitigation strategies for large-scale development projects, such as choosing the right team members and contractors to ensure quality and adherence to timelines and budgets. He also highlights the importance of understanding local regulations and building codes to facilitate smoother project executions.
The episode is packed with insights into development strategies, risk management, and the importance of local market knowledge, providing valuable lessons for listeners interested in real estate development and investment.
Sponsors:
Build Your Portfolio Of Hassle-Free U.S. Real Estate (SHARE Partnership):
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Connect with Shawn DiMartile:
Instagram:
https://www.instagram.com/shawn_dimartile/ Website:
https://investorshawn.com/ Podcast:
https://takeoffcapital.com/
Andrew Hines Audio ·
E274 How to Turn Two Houses Into a Thriving 30-Unit Complex with Shawn Demartile
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