#052: From Fix-and-Flip houses to Land Development

#052: From Fix-and-Flip houses to Land Development
November 26, 2018
Podcasts
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Discover how using land options and collaboration brought Chris Porto success in his residential real estate investing business.   

 

SHOW NOTES

 

1:10 – Introducing the topic for today and welcoming Chris to the show. 

 

1:40 – A few things to know about Chris’s background and his company, Smart Growth, off the bat. 

 

3:55 – Chris’s first moves from single-family fix-and-flips into development projects. 

 

7:43 – Key components to success he found in the development process. 

 

10:34 – Benefits to developing in places where zoning is favorable to development. 

 

11:52 – The value of teaming up with people to learn about the process by working through it as well as the value of knowing your local codes very well. 

 

13:44 – The stages of the development process and part of how Chris approaches them. 

 

18:05 – Exit strategies that he’s identified and used in the process. 

 

20:26 – How those exit strategies can benefit everyone involved. 

 

21:37 – Combining strategies in development to create value for investors and developers. 

 

23:32 – Using options on properties to mitigate risks and how Chris works to keep his risks low. 

 

26:05 – Balancing the risk and reward in projects through partnerships. 

 

28:37 – Creative ways to structure deals to mitigate risks. 

 

30:57 – Getting in touch with Chris. 

 

32:56 – The one key point Chris wants everyone to remember from this conversation. 

 

 

 

 

Resources and Links Mentioned: 

 

 

 

 

 

 

 

Contact Chris: 

 

 

 

 

 

 

Check out this episode!


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