For the first episode of Season 4, Carmen and Jordan welcome guest, Ryan Carr, to the show to discuss how to determine the highest and best use of a property. This strategy helps investors determine the most reasonably probable and legal use of a property which results in the highest value of that property. Ryan shares some of the key factors he uses to evaluate highest and best use that considers the land itself, the structure of the real estate asset, and unique investor skill sets. Listen in today and learn how to maximize your return on your investment!

Episode Highlights:

·   Ryan’s real estate investing career and how it started ·   Qualifying for loans ·   His definition of ‘highest and best use’, its 3 metrics, and how Ryan learned about it ·   Wholesaling ·   How Ryan’s strategies can help listeners find opportunities ·   A case study of one of Ryan’s properties ·   The vertical split ·   The Napkin Formula ·   Ryan’s recommendations for current and potential investors ·   The Highest and Best Use Playbook   Quotes:    “What can I do with a number of these different avenues…and how can we get the best result from that?”   “I always recommend to work with pro’s, but this I learned by way of osmosis, just generally taking an interest in what I was doing.”   “Every deal I look at has these 3 elements.”   “If I understand these metrics and I understand where to find the opportunity, you can cherry pick the stuff that you want.”   “It’s really determining what the best potential of a property is so that investors can yield the best return on their investments.”   “I might as well make it unique.”   “There’s more deals that aren’t deals than deals.”   “It’s fun!”   “Keep your job until it costs you to do otherwise.”   “Start with the end in mind.”   Links:   30 Minutes to Wealth homepage:  https://www.30minutestowealth.com/   'The Highest and Best Use Playbook' Homepage: https://www.thehighestandbestuse.com/waitlist