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Wealthy Way
Choosing Real Estate Development Over Resale
Mar 19, 2024
Exploring the benefits of real estate development over resale, focusing on added value for investors and understanding cap rates. Discussions on property valuation, income, and strategies for maximizing returns through improvements and rent increases.
07:40
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Quick takeaways
- Investing in California's limited land market offers high barriers to entry but potential rewards
- Developing distressed properties in commercial real estate can enhance value through strategic rent increases
Deep dives
Challenges of Housing Costs in College During Recession
Living costs for college students surged during a recession, leading to high housing expenses with limited school support. The speaker recalls sharing a cramped rental with five roommates for $2000 a month, highlighting the scarcity and high prices in California's housing market. The limited land availability in California increases the investment appeal due to a higher barrier to entry, unlike in areas like Georgia or the Carolinas with vast land for development, making investing a challenging but rewarding venture.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode