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Earn Your Leisure

Study Hall: How to Become a Real Estate Developer

Earn Your Leisure

iHeartPodcasts

Business News, Careers, News, Entrepreneurship, Business, Education, Investing

4.97.9K Ratings

🗓️ 26 March 2021

⏱️ 43 minutes

🧾️ Download transcript

Summary

In this study hall legendary real estate developer Brandon Rule explains commercial real estate development. 


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Transcript

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0:00.0

What's going on, Ernest? Welcome to EYL University, the number one place for business education.

0:04.9

Shall we tell them what we bring in? Yes, EYL University already has over 100 past webinars

0:09.6

from all areas of business. It includes weekly webinars from industry leaders. It includes

0:15.6

access to our investment Facebook group, Movie Club, our Book Club. It also includes access to

0:21.5

multi-financial planning calls with yours truly, but what has been added has access to MG The

0:27.3

Morghish guys, home buyers, blueprint over 14 hours, everything you need to know as far as the

0:31.8

home buying process can serve. And also what has been added is access to our monthly group chat

0:38.1

calls. So once a month, me, Troy, and the whole team is going to let you in on our personal

0:42.8

plays, our portfolio, what we're doing and more. So all of that we are running for a special promo

0:49.6

code of 70% off for limited time only. So head to EYL University dot com right now and take a

0:56.6

advantage. You know, the swerves don't wait. Don't hesitate. We'll see you on the side.

1:26.6

From DC. That's where we started. Then we moved on to Miami and went to Vegas and now it was based

1:32.4

in New York. And I read this book really was inspired by the really technical things that he said

1:40.6

within it. It's like, this is how I became what I became. And I was like, oh, this is great. Okay,

1:45.2

well, I'm going to follow a similar path, but just do it my way. So in 2017, I got my 2016. I got

1:52.1

my first low income housing tax credit. So affordable housing developments in the past were financed

1:57.6

through section 8. So if you think about a section 8 property, Cabrini, Grins, and Chicago,

2:02.5

you know, somebody's really large, very farms in DC, really large complexes, three, 400 units,

2:09.2

and really just clusters of poverty. That's how they were financing them. But now they use a tool

2:14.9

called Section 42 IRS code, which is a tax credit. So we are giving a tax credit that we sell to an

2:22.5

investor and use that to finance the project. Can you explain that a little bit? Because yeah,

2:26.4

we section 8, I think most people know what section 8 is, right? Where it's like this government,

...

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