Summary
In this episode, host Brandon Bruckman interviews Darcy Marler about his experience in real estate development. Darcy shares his background in IT and how he transitioned into real estate. He discusses his early experiences with flips and rentals and the challenges he faced. Darcy emphasizes the importance of matching your real estate strategy to your personality and preferences. He explains the different steps involved in development, including paperwork, land preparation, and building. Darcy also highlights the value of focusing on smaller projects and the obsolescence of older properties.
Darcy Marler discusses the opportunities and benefits of real estate development, particularly focusing on vacant lots and older properties. He emphasizes the importance of understanding entitlement strategies and the potential for building new structures on vacant lots. Marler highlights the knowledge gap in the real estate investment world when it comes to development and encourages investors to consider the advantages of new construction. He also discusses the importance of selecting the right locations for development and building a strong team of professionals to execute the project.
Takeaways
Match your real estate strategy to your personality and preferences
Development involves different steps, including paperwork, land preparation, and building
Focus on smaller projects and consider the obsolescence of older properties Real estate development offers opportunities to build new structures on vacant lots and older properties.
Understanding entitlement strategies and the potential for new construction is key to success in real estate development.
Selecting the right locations for development is crucial, considering factors such as market demand and community needs.
Building a strong team of professionals, including architects, engineers, and builders, is essential for executing development projects.
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