🎙️ Episode 383 – I always talk about buying rental properties, but what about building them? Eric and I break down our latest project in Seneca, SC - how we identified prime land, tackled zoning challenges, and financed a build-to-rent strategy.
🎬 Topics Covered: 00:00 - My new construction deal 00:23 - Details of the land purchase in Seneca 01:40 - Unique features of the property 03:40 - Density and understanding zoning regulations 04:08 - Calculating potential lot yield 06:09 - Ideal characteristics of a development property 09:41 - Strategies for acquiring lots in older subdivisions 14:28 - Process for obtaining building permits 18:12 - Role of engineers in the development process 20:33 - Different methods of funding land development 24:13 - Valuing a plot of land 28:37 - How to choose a new construction house design 32:18 - FREE resources on construction plans 36:42 - Financial breakdown of the project 46:00 - How to analyze a rental property (real life example)
