1300 Units in Real Estate Development at 30 years old with Evan Holladay | BiggerPockets Podcast 414
Вставка
- Опубліковано 4 лис 2020
- www.biggerpockets.com/show414
The harder the problem, the bigger the reward... and real estate developers who can solve affordable housing problems can do very, very well.
Enter today's guest, Evan Holladay, who reached 1,300 units before the age of 30 through a combination of focus, relationship-building, and a deep understanding of the rules of the game.
In this high-level episode, you'll learn how Evan and his team apply creative financing techniques to multimillion dollar projects; how they takes advantage of tax credits and grants and put together public-private partnerships; and why patience and persistence can lead to huge profits in the development game.
Whether you plan on getting into bigger deals in the future or not (Evan wants 100,000 units!), this episode will inspire you to start thinking like a big-time investor, strategist, and leader.
Check the full show notes here: www.biggerpockets.com/show414
That’s an insane amount of real estate. Holy cow man.
Anything is achievable with the right mindset, the right mentors, and the will to persist 🙌🙌
You know the video is burning up when Casey comments!
Evan has a beautiful soul. We need more investors like him.
Thank you 🙏🙏🙏
@@evanholladay4968 I learned so much from this, thank you! My dream is to build attainable housing out of hemp and concrete using 3d printing technology.
Financial education frees us from getting screwed in this seemingly unfair game.
exactly!
Loved this one. I always knew development is the niche to go into for the last few years, but didn't know how to go about it besides working with GP's by being a LP.
He gave so many gems 💎. Can't wait until his mentorship drops.
Thanks Passive Engineer! Glad you liked the episode! More information on our Affordable Development Mastery mentorship program can be found at www.affordabledevelopmentmastery.com
Learned so much. This encouraged once again to make a plan to reach 20 houses.
LOVE IT!! Go big
That's awesome Daddy Debt
To the untrained ear this information makes no sense. It has not fallen on deaf ears on my end. So much confirmation for me. Bigger Pockets is invaluable!!!!
YES!! Glad you liked it!!
Hey thanks for takin the time to do this pod guys really appreciate it got into real estate 3 weeks ago today is the 4th day of my pre-licenseing course I’m hyped remember this name see you guys at the top thanks again
Affordable housing seems like an untapped opportunity in a lot of major markets. Good tips to have conversations with local county, councilmen, etc and make them your allies. Without their help, the numbers never will make sense.
Exactly right Scott! So much need universally across the US. And yes Council members and community leaders need to be your allies
I know its some gems here about to get started on a couple of these lots
get b.rule om here asap
Facts 💯
Wow, that’s what I was waiting for! Thanks for sharing!
Yes!! Glad you enjoyed the episode!
@@evanholladay4968 could you give an advice on how to enter this field without degree? What kind of entry position I should aim for? I have 4 years of college in arch design, development is different, but I could bring something to the table. I’m interested in sustainable housing, this niche is pretty narrow, I suppose, so I’m not sure if someone without degree could enter there.
I like this guy. Great episode!
Evan this is awesome, definitely want to get as many grants and deductions. And then become friends with your community leaders. And if they don't stand with you we'll find a different community.
Nobody can become financially successful over night. They put in background work but we tend to see the finished part. Fear is a dangerous component, hindering us from taking bold steps we need in other to reach our goals.
Can you explain more on the tax section of it? People buying bad deals and wanting less money etc?
No the project is awarded tax credits equal to about 40% of the total development cost. Then the developer will sell the credits to investors who want to offset their own tax liability, and they will give the project cash equity in return for the tax credits. The investors only want the tax credits, losses and depreciation. They do not want cash flow.
@@evanholladay4968 this is amazing. Thanks for taking the time.
Good one!
What are those book recommendations? I can't find Better People Better Places anywhere
Holly molly that's a lot of units 😳
This dude is flexing on everyone with his age
I live in south texas and i have a huuuuge apetite for the real estate game.. I'm looking to have my hand in every real estate pocket, i just don't have the capital😞
David's Linkedin: David Green - Real Estate Investor by day, MC at Larry Flynt's Hustler Club at night
💪 💪 💪
I see the problem. We bought land. Created a nonproft organization and an LLC. We've connected with the county councilwoamn and now we need to connect with Evan on moving our vision forward. Please connect. I sent an email to you.
Can I be your skivvy to learn 😂
My brain hurts
mine too
😁👍
Very informative, I like how he went in-depth with it. That’s how Trump built the majority of his real estate empire. It’s in the art of the deal
I want tax deeds...
I want tax deeds...
Why should Mitch McConnell and Nancy Pelosi get all the benefits... get the tax benefits people!