Introduction

Speakers discuss a real estate development deal, including buying and pre-developing the land, getting plans approved, securing a construction loan, and the options of refinancing or selling the property. Guest Terry shares his journey from wholesaling to becoming a developer and reveals surprising information about the cost of development.

Transcript

chevron_right

Play full episode

chevron_right

Transcript

Episode notes

Getting into real estate development with low money down!? Many rookies assume that you need more money to develop, but there are a variety of ways to fund these projects. It all depends on how creative you’re willing to get! Today’s guest learned quickly that you don’t need a huge pile of cash to start building your own properties.

Welcome back to the Real Estate Rookie podcast! Today, we’re chatting with Terry Harris—a former professional basketball player turned real estate developer. When we last spoke with Terry, he was wholesaling real estate for a decent profit. Since then, he has transitioned into the development side of real estate and grown his business dramatically. Simply by bringing great land deals to developers and providing a valuable service, Terry was able to learn the ropes and gain enough knowledge to develop his own properties.

Whether you have huge dreams of building city skylines or an end goal of owning a rental property or two, you’ll want to hear Terry’s story. In this episode, he talks about how to find the best land deals, creative ways to fund projects, and how to assemble a top-tier development team. He also touches on our favorite topic as of late, partnerships, and how to bring real value to another investor when you don’t have the capital!

In This Episode We Cover:

How to become a real estate developer (without a ton of money!)

Funding your deals with construction loans (and paying less out of pocket!)

How to seamlessly pivot from one real estate strategy to another

Scaling your real estate business through the power of partnerships

Ways to bring value to a partnership deal beyond capital

How to assemble your DREAM team as a real estate developer

And So Much More!

Links from the Show

Find an Agent

Find a Lender

Ashley's BiggerPockets Profile