JF3333: Brian Schafer - Exploring Flex Spaces and Multifamily Economics

The Best Ever CRE Show

Best Ever CRE

Business, Investing, Entrepreneurship

4.7 • 996 Ratings

🗓️ 20 October 2023

⏱️ 33 minutes

🔗️ Recording | iTunes | RSS

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Summary

This episode is brought to you by Presario Ventures, a private equity real estate firm based in the booming Austin, Texas, market. To learn how to invest in the future of Texas with Presario Ventures, visit info.presarioventures.com/bestever. Dive deep into Brian Shafer's journey navigating the commercial real estate world. Brian discusses multifamily development economics, the potential of flex spaces, and how his early exposure to construction molded his investing career. Key Takeaways: Cost Efficiency: Building multifamily efficiently could cost around $200 per square foot, which is almost half of some high-end developments. Potential of Flex Spaces: With almost the same rent as multifamily but less than half the build cost, flex spaces present a lucrative opportunity. Consider structures like 16-foot ceilings and 14-foot bay doors to optimize rent. Seeking Guidance: Both Brian and Ash stress the importance of seeking advice and understanding business models thoroughly before diving in. Recognize that there are resources available and don't hesitate to ask for help. Brian Shafer | Real Estate Background Prosper Real Estate Investments Portfolio: Multifamily, commercial, industrial, SFR Contracts Based in: Iowa Say hi to him at: Prosper-rei.com LinkedIn Best Ever Book: A Random Walk Down Wallstreet by Burton Malkiel Greatest Lesson: Ask for help. Consult others with more experience to look over your deals and offer insight into things you may have missed. Click here to learn more about our sponsors: Presario Ventures Rentec Direct Learn more about your ad choices. Visit megaphone.fm/adchoices

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0:00.0	Did you know that within a decade women will hold $30 trillion in investable assets?
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1:22.0	It hit one day.
1:23.0	I thought, hey guys, this is what we have to do.
1:26.7	We have to go this route.
1:28.6	We'll let everybody continue fighting over the multifamily deals.
1:32.0	Let's go this route because they're undersupplied in
1:34.1	the Iowa City Cedar Rapids area which is our two major metro's Iowa City Cedar Rapids
1:38.2	in Des Moines. It was a brick to the face it was like this is the wrong we gotta go.
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