Ep #169 – Jordan Madewell – Becoming a Multifamily Real Estate Developer

Here’s Some of What You Will Learn: 

  • Opportunities in building to rent or building to flip
  • How to structure a real estate development deal.
  • How structuring a deal with the seller of the land can benefit construction financing.
  • How to minimize out of pocket equity when dealing with real estate development.
  • If you do not have any experience on contracting, partner up with a general contractor when getting into real estate development.
  • How to find good general contractors.
  • Going from a commercial zoning to a residential zoning is typically easier that the alternative.
  • Development is a longer process, typically 6-12 month depending on rezoning and planning.
  • It is best to find land that is free and clear.
  • If it’s just a purchased land, cash on cash return will be minimal for the first few years.
  • 2-3% per month is typically the standard on leasing up per month after development of a property.
  • You should always try to use a local architect because it will benefit you even though you have to pay more.
  • Local architects know everybody in the city and they know the nuances of that specific city you want to build in.
  • If you have a blueprint from somewhere else, and there are no restrictions on use of that blueprint, then a local architect can look over those blueprints and make the needed changes.
  • How to find land to develop on.
  • When doing your first build, do something simple first.
  • Connect with me on Facebook at Rod Khleif.
  • Text Rod to 41411 or visit RodKhleif.com for a FREE copy of my book, “How to Create Lifetime Cash Flow Through Multifamily Properties.”

Our Guest

You can learn more about Jordan Madewell at:

http://www.madewellinvestments.com/

http://www.madewell-construction.com/

Want to build Lifetime Cash Flow from Multifamily Properties?

If you’re committed to creating the life you deserve, we’ve created the best multifamily training and coaching program on the market. I personally coach you on your path to create the life of your dreams. I will help you CRUSH it in this business!  – if you’d like to receive information about our program, text CRUSH to 41411 now.

 

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Do you want to learn more about Multifamily Real Estate Investing? Work with Rod in the Lifetime CashFlow Academy's Multifamily Course & Coaching Program

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