Where is real estate development headed in 2023...

Join Ken as he speaks with Shannon Robnett about the challenges that real estate developers and investors are facing as we head into 2023. Shannon is a Boise-based multi-family developer with experience through many real estate cycles. You can learn more about him at his website: shannonrobnett.com
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ABOUT KEN:
Ken is the author of the bestselling books The ABC’s of Real Estate Investing, The Advanced Guide to Real Estate Investing, The ABC’s of Property Management, and has an upcoming book: "ABCs of Buying Rental Property: How You Can Achieve Financial Freedom in Five Years." Ken is a Rich Dad Advisor.
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#kenmcelroy #realestate #realestatedevelopment

[@TexasCountryLiving]

Yes. More development talk, please.

[@thomasmason8238]

800 grand for professionally licensed building plans is a lot to them, but they just shook off the 2 million plus on PERMITS. Architects are so undervalued it's insane.

[@robertoinvests]

❤ love this

[@taylorsantoro9146]

Structural engineers are the real ones that are undervalued.

[@robertoinvests]

That’s why it’s so frontloaded

[@mitchelkida794]

Because those plans are paid for out of pocket without a 100% guaranteed the project will get approved by the jurisdiction

[@stevendnguyen]

So much value from Ken! His book helped me scale from 0 to 90 units in 5 years.

[@BuildingTimeFreedom]

Net of this conversation: careful of your leverage in new construction. You need a solid balance sheet to weather all of the randomness and unknowns that come at you in these big projects. Thanks for the interview Ken.

[@kaliki22]

Thank you, John!!! :D

[@brenthandley5591]

$15k for permits is ridiculous cheap compared to the last multi-family project I worked on. $5k for architectural fees per door is a fair price considering how much work that these firms do! If you have access to capital it’s a home run for any decently ran project.

[@byronrich2780]

Love this. Would love to hear more development content

[@wyattsmith5205]

Hey Ken, love your content it has helped me so much this past year! Thank you! I’m 25 years old house hacking by buying homes where ADUs are approved by the city. I buy, build an accessory unit then move and rent both to cash flow. 💵🤑 I love this industry I’m hooked! I’m currently in the process of building a detached adu in my garage, only problem is the current city code is the property has to be Owner Occupied to rent the accessory dwelling unit. If you have any thoughts or options I may have when it comes time to move to the next project that would be greatly appreciated! Thank you again! Big fan, Love you guys!!

[@youtubecarspottersguide1]

lot of cities make it for owner s only so nebrhoods dont become all rentals ,same with airbnb

[@robertoinvests]

like the Japanese say, these guys are both “big hittas” Fantastic content

[@elplata7224]

I’m not worthy. Holy cow. Next next level.

[@vitusvanc]

The cost is so high, Ken has to hold on to the mic stand.

[@JohnCarrFitness]

Shots fired to Hoa Nguyen crew 🤔

[@jackgoldman1]

Really time value of money. A fifty year old building has less time value than a new unit. New house was 235 ounces of gold in 1933 at $4,700 per unit. New house in 2022 is 235 ounces of gold at $470,000. $4,700 and $470,000, same number. 235 ounces of gold is always 235 ounces of gold. Banks deal with time value of money. Real estate is a currency play. McDonalds is in the real estate business. Get it? What is a house worth with no loan and it is vacant? Zero. Show me the money?

[@billperkins6168]

Not sure what the purpose of this video was but certainly not what it was entitled.