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319: The Beginner’s Guide to Real Estate Development (with LOW Money Down!) w/Terry Harris

319: The Beginner’s Guide to Real Estate Development (with LOW Money Down!) w/Terry Harris

FromReal Estate Rookie


319: The Beginner’s Guide to Real Estate Development (with LOW Money Down!) w/Terry Harris

FromReal Estate Rookie

ratings:
Length:
60 minutes
Released:
Sep 6, 2023
Format:
Podcast episode

Description

Getting into real estate development with low money down!? Many rookies assume that you need more money to develop, but there are a variety of ways to fund these projects. It all depends on how creative you’re willing to get! Today’s guest learned quickly that you don’t need a huge pile of cash to start building your own properties.
Welcome back to the Real Estate Rookie podcast! Today, we’re chatting with Terry Harris—a former professional basketball player turned real estate developer. When we last spoke with Terry, he was wholesaling real estate for a decent profit. Since then, he has transitioned into the development side of real estate and grown his business dramatically. Simply by bringing great land deals to developers and providing a valuable service, Terry was able to learn the ropes and gain enough knowledge to develop his own properties.
Whether you have huge dreams of building city skylines or an end goal of owning a rental property or two, you’ll want to hear Terry’s story. In this episode, he talks about how to find the best land deals, creative ways to fund projects, and how to assemble a top-tier development team. He also touches on our favorite topic as of late, partnerships, and how to bring real value to another investor when you don’t have the capital!
In This Episode We Cover:
How to become a real estate developer (without a ton of money!)
Funding your deals with construction loans (and paying less out of pocket!)
How to seamlessly pivot from one real estate strategy to another
Scaling your real estate business through the power of partnerships
Ways to bring value to a partnership deal beyond capital
How to assemble your DREAM team as a real estate developer
And So Much More!
Links from the Show
Find an Agent
Find a Lender
Ashley's BiggerPockets Profile
Ashley's Instagram
Tony's BiggerPockets Profile
Tony's Instagram
Real Estate Rookie Facebook Group
Join BiggerPockets for FREE
Submit Your Real Estate Rookie Question!
20 Deals in a Year as a Professional Basketball Player w/ Terry Harris
Grab Your Copy of “Real Estate Partnerships”
Get Information on Properties with PropStream
Follow Lady Gina on Instagram
Connect with Terry
Terry's BiggerPockets Profile
Terry's Instagram
Terry's YouTube

Check the full show notes here: https://www.biggerpockets.com/blog/rookie-319
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email: advertise@biggerpockets.com
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Released:
Sep 6, 2023
Format:
Podcast episode

Titles in the series (100)

Ready to build your real estate empire… but not sure where to begin?Think of us as your personal trainer.From detailed breakdowns of real-world deals… to one-on-one coaching sessions and a warm, welcoming community… hosts Ashley Kehr and Tony J Robinson bring on a wide range of guests to tackle the “newbie” questions you've wondered about but might be afraid to ask.Looking to 10X your real estate investing business this year? This show isn’t for you.Looking for your first, second, or third deal -- or envisioning a more modest portfolio? Step right up. Every Wednesday, we’ll arm you with the tips, tools, and roadmaps you'll need as you embark on your journey toward financial freedom.