@realestatedude0 Random question brother but we’re working on a few lot deals in LA. Do you have any title companies you can recommend that do double escrows?
To the younger version of myself, who wanted to be a real estate developer but had no idea what that meant…
A developer’s job can be split into three buckets
1. Project Management
2. Financial Analysis
3. Fundraising
At large companies, you might only focus on one. Small developers need to be experts in all three
Project Management
It takes hundreds of people to turn land into a building. Architects, contractors, engineers, and public officials to name a few
Developers make sure everyone’s on the same page heading towards the same goal - from entitlements to lease up, and beyond
Financial Analysis
• Find land at the right price
• Control the budget up to & during construction
• Manage the asset when construction is done
This bucket is for the Excel wizards
Fundraising
On a $100 million apartment building, the math breaks down something like this..
Bank: $60 million
Investors: $30 million
Developer: $10 million
90% of the project is funded by banks or private investors.
You need to find those people and show them why your project is worth putting their hard-earned money into
So to the younger me, or anyone else reading this and hoping to get into development, pick your bucket(s) and start building!
Political violence is never the answer.
We must crush this immediately.
If you care about democracy and America, you should be shutting down any celebration of this online and in your group chats. Shut it down HARD.
Sending prayers for Charlie Kirk and his family.
Today, I led a letter calling for the removal of Magistrate Judge Teresa Stokes, who released a 14-time offender who went on to murder Iryna Zarutska in Charlotte.
This tragedy was preventable. There must be accountability. North Carolinians deserve better.
My vision for American urbanism
Detached homes. Narrow lots. Small yards.
Dense enough for a walkable neighborhood while still allowing people a to own and control home
I call, you text. I call, you text again.
You guys under 30 crack me up 😅
What is it? Is it embarrassing to be on the phone
Genuinely curious what the deal is.
You’re going to do fewer deals this way.
Promise.
Too many men are suffering in silence.
June is Men’s Mental Health Month.
Guys, especially working dads, so many of us are living in normalized isolation.
No friends nearby. Moved for work. Every waking hour goes to family or career.
Tons of pressure. It gets lonely.
Reach out to a buddy this week. Grab wings and a drink. Or just a cup of coffee.
He needs it just as much as you do. He’ll be stoked, trust me.
Start exercising again. Pick one of those hobbies back up. Get some sleep.
It’s time to be selfish for a minute. You need it.
I see the men in my life… business owners, lawyers, dads, corporate grinders.
They’re 100% maxed out.
I called a guy I really like today whose family has been through hell.
I said: “I’m betting not many people are checking on you, so I just wanted to tell you I’ve been thinking about you, man.”
He replied: “You are correct about that.”
He’s not alone.
I know it’s hard out there. I’m right there with you.
I see you, fellas.
And ladies, take a minute to tell the men in your life you’re proud of them.
It’s been a long time since they’ve heard that.
It’ll go a long way.
@_apryor I have a few connects on the land banking side - im running into utility capacity issues currently. Might be able to make a few intros for you.
@_apryor Walton Global is one of the more active players in that space. They hold large tracts of land until the market or infrastructure catches up.
Whats the typical size of these tracts you’re seeing?