Real Estate Investing with Coach Carson #383: Why I’m Building Properties, NOT Buying (Build-to-Rent 101)
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Feb 10, 2025 In this engaging discussion, Eric Newton, a seasoned builder and land development expert, shares insights on why he's focusing on building rental properties instead of buying them. They delve into the intricacies of identifying prime land, navigating zoning regulations, and securing financing for build-to-rent strategies. Eric also emphasizes the importance of efficient home design, maximizing space, and reducing costs. The duo offers valuable tips on managing subcontractors and project timelines, making building new rentals an exciting venture for aspiring investors.
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Key Factors for Land Selection
- Look for land with development potential, considering location and market demand.
- Prioritize walkability to town centers and assess the town's future growth.
Understanding Density and Topography
- Density calculations are crucial for land development, but consider topography limitations.
- A six-acre parcel zoned for 6,000-square-foot lots might yield fewer than seven lots due to ravines or elevation changes.
Ideal Land Characteristics
- Ideal land for development is nearly flat, has existing infrastructure (roads, utilities), and is located in a desirable area.
- Proximity to amenities like grocery stores and restaurants enhances a location's appeal.