Real Estate Rookie BUILD, Don’t Buy: The Rookie-Friendly Investing Strategy with 6-Figure Upside
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Mar 19, 2025 Katie Neason, a real estate investor from Bryan, Texas, passionately advocates for community-focused redevelopment. She dives into how revitalizing neglected properties can yield impressive profits, offering a roadmap for rookie investors to enter the market with minimal personal investment. Neason explains the BRRRR strategy, outlines her own successful projects, and discusses funding options using other people's money. She emphasizes the benefits of working with local governments and securing grants, making development accessible and impactful.
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Redevelopment vs. New Development
- Redevelopment utilizes existing infrastructure, making it more efficient and financially attractive than new development.
- It revitalizes communities without expanding their footprint, often resulting in faster project completion.
Gateway Project for Redevelopment
- Start redevelopment with a small build-to-sell townhome project of 4-8 units for manageability.
- This approach offers a clear start and end point, reduces risk, and fits on a single-family sized lot.
Check Zoning and Feasibility
- Confirm if your town is developer-friendly by researching zoning and existing construction.
- Always conduct a civil engineer feasibility study to assess utilities, infrastructure, and upgrade costs before buying a lot.