December 16, 2021

Ep 24: How To Be A Successful Real Estate Developer

35 minutes

Welcome to episode 24 of The Multifamily Millionaire: Real Income From Real Estate with Jason Lee. This week Jason welcomes Nick Earls and Eric DiNicola and they talk about their extensive real estate investment and development experience that involves working together in three separate companies and entails years of success.

Nick and Eric are both the co-founder and managing parters at PWN Development, Winter Spring Capital and Ascalon Industries. They have been good friends for almost all of their adult life. Nick, while building his own portfolio, has guided many investors down the path of multifamily investment, management, or development. He is an expert on underwriting and asset management in the multifamily space and also the author of the top-rated book “Making Millions through Multi-Family Development.” Eric began working in public equity in 2010 and moved into the private equity markets where he worked on valuations and capital raising. Joining forces with Nick in 2015, he leveraged his investment experience and expertise to accelerate the growth of our real estate business. He heads up the acquisitions team and leans on his extensive broker network to keep their deal pipeline full.

To download your free Real Estate Deal Analyzer just head to https://jlmrealestateinc.com/free-product/. With this guide, you’ll be able to easily understand your real estate deals.

Here is what to expect on this week’s show:

A look into Nick and Eric’s background and the tyPes of real estate investments and developments they are involved with at the moment.

The impetuses that led both Nick and Eric to pursue a career in real estate.

How have Nick and Eric worked around creating a business and working together while also being life long friends.

What should someone do if they are looking to become a developer and they haven’t yet had their first development yet.

The length of the typical project Nick and Eric work with, and how that interacts with the entitlement process (especially so in the Boston area).

The similarities and differences between the red-tape inherent in doing real estate and development in Boston and San Diego.

A look at some of the developments that Nick and Eric have done in Boston and the interesting work they’ve done to work with historical buildings.

The manner is which Nick and Eric find the unique and profitable opportunities that they do.

The reason why you need to have strong protections written into your contract and how to actually go about doing that.

Links:

https://www.pwndevelopment.com

https://winterspringcapital.com

https://www.ascalonindustries.com

Connect with Nick & Eric:

Instagram: https://www.instagram.com/pwndevelopment

LinkedIn: https://www.linkedin.com/in/eric-dinicola-2408897a/

LinkedIn: https://www.linkedin.com/in/nicholas-earls/

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By Jason Lee

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