Land Development Is Not for the Faint of Heart!

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Manage episode 302492022 series 2739894
By Sarah Larbi and Alfonso Salemi, Sarah Larbi, and Alfonso Salemi. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

Guest: Carina Guzmán, Real Estate Investor & Land Developer

Carina started out with buy and hold properties and then quickly got into land development. She even planned her second pregnancy leave from work so that she could work on her real estate projects. Carina now looks for undervalued land that could be re-zoned and valued differently. She goes through soil testing, environmental studies, and much more! Due diligence is very long and expensive. She puts a property under contract right away and then focuses on what’s next? 95% of the work is due diligence: creating the concept, highest and best use, pre-consultation with the city, and much more. A lot of upfront capital investment is required for these types of projects so make sure to be well equipped before proceeding! The risks are big but the rewards are enormous. Tune in for tons of useful information.

Listen to the full episode at https://www.thereiteclub.com/podcast

In this episode you will learn about:

  • Focusing on transit-oriented
  • How to mitigate risk in land development
  • It’s all about relationships
  • What does the city support?
  • Go with the flow to scale up
  • The importance of the city’s official plan – it’s a treasure map!
  • Look for areas meant for intensification

Get in touch with Carina:
Website: https://daveandcarina.com/what-we-do/
Email:
invest@daveandcarina.com

This episode has been brought to you in part by
Private Buyers – https://privatebuyers.ca/

Black Jack Contracting – https://blackjackcontractinginc.ca/

BM Select – https://bmselect.ca/

The show notes are brought to you in part by:
Building Stack is The REITE Club’s official digital signatures provider. Building Stack is an extremely flexible property management platform built in Canada, for Canadians. With hundreds of features throughout the entire tenant and leasing lifecycles, regardless of the size of your portfolio, you can immediately benefit from enormous cost and time savings wherever needed the most. You can now sign documents and leases faster than ever with their new digital signature add-on! Take advantage of a very special Reite Club discount and get started today! www.buildingstack.com

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