Nov 10, 2021
Can opportunistic ground up can be less risk than value add?
On today’s episode we have a very special guest, Shannon Robnett. Shannon is a 2nd generation developer and focuses on ground up development. He currently has 200 doors under construction. I learned a lot after chatting with Shannon, he dropped a lot of knowledge on opportunist development and how that can benefit one’s profit.
This episode covers:
- What are people really looking for when they want a new development?
- Solving investors and community problems while also making money.
- How to never bust a budget.
- Giving a budget to everyone involved in project to create no mishaps
- Things that aren’t on the table for value add
- How to de risk situations.
- How to combat risks that come from projects.
- How to structure construction contracts over cost runs?
- How do you protect yourself against unforeseen expenses from construction?
- Benefits of having a closing plan before starting the project.
- How to modify accordingly if over budget.
- How to get rid of transaction costs by opening it up to the market?
- How to make sure everyone is making money in your deal?
Enjoy today’s episode!
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