249.Eric Deems on Land Investment & Development

Key Takeaways:

Real estate is more political than politics - developing relationships with local officials and understanding the entitlement process is crucial for successful development projects.

Nashville has experienced rapid growth, leading to challenges with managing growth and infrastructure. Density and mixed-use development are important but face resistance from some community members.

The entitlement process in Nashville has become much more lengthy and difficult, now taking 15-18 months on average compared to 7 months previously. This poses risks of losing buyers if projects take too long.

Construction lending is very challenging in the current environment, adding further risks to development projects.

Reaching out to experts like Eric Deems at Land Advisors Organization can provide valuable insights and data on the Nashville real estate market to help navigate these challenges.