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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