How to become a real estate developer in 2024

[@tjm634]

I’m a drywall sub here in Dallas and this guy is speaking facts and good common sense

[@OutOfBodyExplorer_OBE]

Been preparing my entire life for this... Universe dropped you in my path and the youtube algorithms conspired to introduce me to your content... good stuff! As they say " When the student is ready the teacher will appear..." Keep Moving!

[@edwarddormer]

I like what you're doing! Keep it up!

[@ericepic23]

I appreciate it!

[@stax5838]

I did this same thing this past year. I jumped head first, everybody said not to I said F**K it I put up 180k sold for 560k in the Austin area. And anybody doubting if it can be done and your in Austin, I can show you it can be done. I have another on the market now for 560k same formula And I got my capital up by flipping lots for 4 years which I still do now

[@libertytreesservice]

I’m in Austin, I own a local tree care company and I’m 22. This is super interesting topic for me and the ultimate goal for me is to end up in the real estate industry once I get old. Do you have social media such as insta?

[@ericepic23]

Heck yeah

[@ynh.k3]

Let’s connect I’m in Austin as well

[@cass_ya_boy]

bro i swear you are so inspiring how could i not get off my ass n make this happen! i came across your vids recently n im all in. thank you for you content n time!

[@ericepic23]

@@cass_ya_boy let’s GOooo

[@mrrealestatesterling]

Great video my guy. I have been looking at Texas for luxury building. Great markets

[@timmoody893]

great content..

[@ponzyy4849]

Awesome video Eric. I was wondering it you could make a video on s couple of things. Could you make a video on how you started, how you learned what you know, any key information to know, and any mistakes you learned from?

[@ricardojaramillo1895]

I own a propane Company, I plan to do that next . Once I get my % profit next year

[@ericepic23]

@@ricardojaramillo1895 you can do it!!!

[@antoniosvorrias9100]

Another great vid, thanks ! When u got into your bigger builds ($700k+ land, $800k+ hose build ), how did u finance this, or did u already have the cash to fund these outright?

[@ericepic23]

@@antoniosvorrias9100 banks and lending

[@antoniosvorrias9100]

@@ericepic23thanks for the response 👍

[@jordansnebula]

This is 🔥

[@ericepic23]

@@jordansnebula thank you 🙏

[@AWES0ME1]

Who's your market and how do you get the house to them? When looking to sell for high margin, there's a need to go where the money is. Like you said, go where the city is growing. Most don't have the liquid capital to afford a 750K+ development project, how do you start financially with 50-100k?.

[@infini.tesimo]

That's what I said too essentially. I was trying to figure out who actually has money like that liquid to spend or at the very least is credit-worthy enough to get a loan on it?

[@alexanderchiong]

Im flipping homes now and fuck I'm going through it lol how much cash do you need to start? Do you need to cash out the land? I know they give construction loans but what's that process like?

[@tonytucker8651]

History shows that individuals who display “shiny things” in videos do so to entice you. They are hardly ever who they say they are. Be cautious buying courses, mentorship’s, or investing with said individuals. They often are able to afford the houses, cars, and jewelry because they are using your funds

[@ericepic23]

Facts. But I have aton of rental homes and two tattoo shops also development company and coaching

[@tonytucker8651]

@@ericepic23 Yeah, I was speaking in general. I don't put jackets on anyone. Congratulations on your success

[@chrishaywood]

I’m a new flipper in Austin, TX on my 4th project but new development is the goal. This was very motivating to me and I’ll get there eventually. Thanks for the encouragement

[@Apply_Pressure_P]

@tonytucker8651 damn bro you come in shooting shots and throwing shade but haven’t dipped your finger in the koolaid to even know the temperature… I mean yeah you got some validity to your words, but say man you can’t shoot shots until you’ve loaded the gun with bullets.. and this bullets gotta be forged from personal knowledge and proof of Eric’s doing or lack thereof.. not just blindly shooting ya lil cap gun… how you going to give a caveat on someone shit that you haven’t lived through? Cut that shit out

[@tonytucker8651]

@@Apply_Pressure_P I have flipped, rented, and renovated plenty of homes on my own. He reserved my opinion and told them to simply be cautious. How many houses have you built with him? Let me see your hud statements and can show mines. There are way too many variables in real estate for Eric or you to be making all these promises. Now put your huds where your mouth/fingers are. Hell include Eric’s as well. I will wait

[@RAWWON]

I’m looking to become a developer

[@ericepic23]

@@RAWWON let’s do it

[@infini.tesimo]

I have a question for you if you don't mind me asking. You are the type that would know who's actually buying these million-dollar homes left and right in this economy. Are you at liberty to say what industries these people work in and who are buying them in general? I want to know where the money is being kept these days since it never disappears it just pools in certain places where there is perceived value.

[@ericepic23]

@@infini.tesimo rich people

[@pictureman63]

I would like to develop tiny and micro homes on the outside of the DFW area

[@242VenturesLLC]

I’m a 23 year old developer on the rise. Great content 🔥

[@jjrealestateg]

Where did you get mentorship bro? I need a recommendation for a good coaching program or guidance on the best way to learn?

[@kadencurrie9475]

@@jjrealestateg experiences are the best teacher. Just go do it.

[@242VenturesLLC]

@@jjrealestateg a professor I met at my alma mater his name is Chris Daniels located in Tallahassee Florida

[@ericepic23]

@@242VenturesLLC thank you 🙏

[@ericepic23]

@@jjrealestateg hit the link and schedule a call

[@OnesteptotheRight]

All 30 years plumbing in AZ new construction. Im going to find a way to meet you and get a contract as your plumber

[@michaelbarcelo7007]

If its so profitable, then why offer classes? I see people that call themselves Wholesalers all The Time but they just seem to be promoting seminars on how to do it? Why create all that competition, unless they are looking to get rich from Selling Courses?

[@ericepic23]

I like to give back and more fulfilling. Also I can scale and help more people worldwide and nationwide

[@michaelbarcelo7007]

@@ericepic23 And you're doing all this for Free?

[@antoniosvorrias9100]

On your second deal which ended up being the new build, how did you afford to make the loan repayments on the land and construction costs with no income coming in?

[@michaelbarcelo7007]

Private Money probably

[@ericepic23]

@@antoniosvorrias9100 it was tough but draws helped

[@antoniosvorrias9100]

@@ericepic23thanks for all of the insights. This is probably my biggest barrier to get into the projects that make 6 figures

[@DevinMostDangerousGantt]

Solid

[@antoniosvorrias9100]

When you got out of incarceration , how long were you working another job before you were working your real estate full time?

[@ericepic23]

@@antoniosvorrias9100 one year I did logistics

[@antoniosvorrias9100]

@@ericepic23thanks Eric

[@chadmharris7061]

Do you do any coaching?

[@ericepic23]

@@chadmharris7061 yes I do. Link in my IG and descriptions to video

[@Watsonfitclips]

That guy 🫡🫡

[@ericepic23]

@@Watsonfitclips 💪💪💪💪

[@akeemharris1558]

it's hard to find a mentor in new jersey and pa area

[@LukaJovic-qr6zu]

i created a free clip from this episode! where can i send it over

[@bnnproperties4371]

Hey. How can I get started with your mentorship ?

[@ericepic23]

@@bnnproperties4371 yessss

[@ericepic23]

@@bnnproperties4371 hit the link

[@MrOshae]

My boyyyyyy

[@ericepic23]

@@MrOshae yessir

[@OVOXODrake]

Bubble gonna pop bro…

[@King-kd8mz]

What bubble

[@TheKicksBoy]

People always need a place to live fam

[@ericepic23]

@@OVOXODrake I’m gonna keep building. You can keep saying that

[@alejandroanguiano3658]

Is the coaching 1 on 1

[@ericepic23]

@@alejandroanguiano3658 yes

[@selfmademil9494]

I own land but would like to become a developer

[@ericepic23]

@@selfmademil9494 let’s do it

[@selfmademil9494]

@@ericepic23 let me no what needs to be done

[@mobythewhale3828]

Can someone start with $50k? Realistically

[@Flemsas]

Yes! You can start with 0 but you better bring some value. If you come up with the lot location and a model of what you’re going to build, do the underwriting and other projections that are is the due diligence process and present that to investors. And if it makes sense then you can start like that. Now you have $50k so you’re better off than most people but nothing is worth more than the value of knowledge and experience.

[@AWES0ME1]

@@Flemsas What are common margins when working with investors? Seems like the investor is taking the risk and in turn they will seek higher rates, how should one negotiate / know when to back down from a proposal?

[@Flemsas]

@@AWES0ME1 well that will depend on how you structure the deal. The topic at hand here was “starting out”. Im looking at this from an operator/lead investor perspective. so even if margins aren’t favorable but still fair then so be it. Key here is to start, gain the immeasurable experience that with compound with the next projects. Then leveraging whatever capital you get from these deals and the experience gained in that time and create a better deal. In my humble opinion, solo investing on these MF ground up builds is the goal.

[@Fredrick-en1pw]

​@@AWES0ME1do a 60/40 JV equity split. 60% to the investor for taking the risk. 40% to you for finding & putting the deal together.

[@kevinsanchez8872]

@@AWES0ME1that’s subjective, depending on what both parties are willing to commit to.

[@skibbydweez2647]

Go build your own million dollar home first and start there Great advice lol 😂

[@ericepic23]

@@skibbydweez2647 lol. I did for the first one without a partner

[@skibbydweez2647]

@@ericepic23 amazing! show us a video of how to walk through financing. Love to see someone with zero dollars break ground in this

[@TopZviews]

Man, what I gotta do to get in on a mentorship. Father of 2 6yr old boys trying to give the a better life then I had growing up on the East side of St.Louis with a single mom. I got a proven track record for success but never really had family or anyone to help lead me in the right direction

[@kevinsanchez8872]

10k for a mentorship if you want him to hold your hand the whole way through

[@TopZviews]

@kevinsanchez8872 Shit it might be worth it but I'm from the hood an don't trust noone like that especially no online type stuff

[@ericepic23]

@@TopZviews it’s worth it

[@ericepic23]

@@kevinsanchez8872 💪💪💪

[@kg-sellsyvrrealestate]

@@TopZviewsget it done fuck the hood

[@vw5233]

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