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Lifetime Cash Flow Through Real Estate Investing

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

Lifetime Cash Flow Through Real Estate Investing

Rod Khleif

Passive, Estate, Family, Business, Management, Income, Multifamily, Apartment, Education, Multi, Property, Commercial, Real, Investing, Investor

4.81.4K Ratings

🗓️ 16 October 2017

⏱️ 32 minutes

🧾️ Download transcript

Summary

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.

Recommended Resource

  • Looking to invest in a multi-family real estate project? Want to partner with me personally on a deal? To schedule a time for us to talk click on this link:

    http://www.meetme.so/RodKhleif2

Review and Subscribe

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Transcript

Click on a timestamp to play from that location

0:00.0

Welcome. This is the Lifetime Cash Flow through Real Estate Investing Podcast.

0:06.0

This is where you learn strategies to help you achieve lifetime financial freedom through real estate investment.

0:12.0

Your host Rod Cleef, has owned over 2,000 homes in apartments.

0:17.0

And he brings experts in all aspects of real estate investment and management onto the show.

0:22.0

Now, here's your host. investment and management onto the show.

0:23.0

Now, here's your host, Rod Cleese.

0:27.0

Welcome, and thank you.

0:29.0

I mean really, thank you.

0:31.0

Thank you for your love of real estate

0:33.4

and thank you for giving me the honor

0:35.0

of some of your incredibly valuable time.

0:37.6

And please know I don't take that for granted.

0:39.9

I considered an honor and a privilege

0:41.6

to be able to communicate with you every week and it gives me incredible joy.

0:46.2

If you ever want to go deeper with me and really learn this business, I hope you'll take a look at what I've created.

0:51.3

You know, it's something I'm very proud of. My goal is to help as many people as I can crush it in this business and create lifetime and even beyond their lifetime cash flow for themselves and their children and even their grandchildren.

1:04.4

If you want to know more about my course and coaching and have me personally coach you, it'd be

1:08.8

an honor.

1:09.8

Please text the word crush to 4141 and we'll send you information.

1:14.4

All right, let's get to it.

1:15.8

Welcome to another edition of how to build lifetime cash flow through real estate investing.

1:20.3

I'm Rod Cleef and I am thrilled you're here and we're going to have an interesting conversation with the gentleman we have on the show today.

...

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