BiggerPockets Real Estate Podcast 531: Can’t Find a Deal? Here's How to "Make a Deal" w/ Daniel Harvey
5 snips
Nov 14, 2021 
Dan Harvey, known as 'The Real Estate Man,' specializes in transforming vacant commercial properties into profitable multifamily units. He discusses the significance of understanding zoning codes and maximizing property value through creative conversions. Dan shares how this strategy can yield greater profits than traditional investing and explains the BRRRR method's adaptation. He encourages newcomers to consider multifamily conversions and highlights the importance of connecting with others in the industry to learn and grow.
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Investing Journey
- Dan Harvey began investing in 2010, focusing on bank-owned single-family properties.
- He transitioned to multifamily and commercial properties after an unexpected encounter with a seller.
Market Shift
- Increased competition and readily available capital have driven up property prices.
- This makes the traditional BRRRR strategy, particularly with single-family homes, less effective.
Multifamily Conversion Strategy
- Find properties with zoning that allows for multifamily conversion without variances.
- This strategy allows investors to add units and increase value, similar to the BRRRR method but with greater potential.
