Short Term Rental Secrets Podcast Ep 213 - Breaking Ground: The Challenges and Rewards of Real Estate Development with Isaac Oswalt
Mike and E sit down with Isaac Oswalt, a key member of the seven-figure boardroom, to uncover the nuances of real estate development. They explore Isaac's Spillway Lodges project, a 36-key resort in Bel Air, Michigan, and differentiate between real estate developers and builders. Isaac provides practical guidance on starting in real estate development, highlights the importance of clear vision, financial planning, and strategic relationship-building, and underscores the significance of community engagement. The discussion covers the financial dynamics of development, early-stage steps like due diligence and feasibility studies, and strategies for influencer marketing and SEO to boost business growth. Listeners will gain invaluable insights into creating impactful community projects and building long-term wealth in real estate development.
00:00 Introduction
00:29 Meet Isaac Oswalt
01:31 Isaac's Real Estate Journey
02:14 The Spillway Lodges Project
08:24 Development vs. Building
11:34 The Role of a Developer
13:51 Key Relationships in Development
18:36 Navigating Local Government for Development
20:03 Is Money a Barrier to Entry in Development?
21:03 Steps to Secure and Develop Land
22:23 The Importance of Patience and Capital in Development
26:03 Balancing Active and Passive Income
29:08 Introducing Spillway Lodges
32:35 Marketing Strategies for Hospitality Projects
35:41 Final Thoughts and Success Secrets
Isaac Oswalt's Bio
Isaac Oswalt is a real estate developer of boutique resorts and workforce housing. He created a 36-unit boutique resort in Bellaire, Michigan, called Spillway Lodges. He owns a development, construction, and management firm—1983 Company. Based in West Michigan, they execute their business throughout the state and empower other current and future developers to create long-term assets within their own communities.
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