Rich sits down with Richard Zavlyanov - a Real Estate Developer, Investor, and Head of Development at Diamond Dev Group. Richard has a degree in business administration from Queens borough community college and continuing education of Real Estate Development from Baruch college. He’s worked closely with developers such as Bizzi & Partners Development, Extell development, Aronov development and lastly AFI USA.Rich and Richard start off by discussing how they met Terry Harris, what Richard currently does in the multi-family and condo spaces in NYC, the permitting processes in New York and California, Affordability housing in New York,  multi-family cap-rates, the current rate environment, and hyper-depreciation.They also reflect on the current pricing of condos, Richard’s current exit strategies, tax abatements and refinancing, rent control, the 421a tax abatement, tax freezes, and builder incentives in New York.Lastly, Rich and Richard talk about the biggest real estate challenges Richard is currently facing, where Richard is sourcing his investor capital, the importance of reputation, the best deals Richard has ever done, forcing appreciation, how to get into real estate, the price-per-unit payout for Richard’s buildout, and what Richard would recommend doing when getting into real estate.Connect with Richard on Instagram: @richiezav--Connect with Rich on Instagram: @rich_somersInterested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more. Interested in joining our Boutique Hotel Mastermind? Visit www.somerscapital.com/mastermind to book a free call. Interested in STR/Boutique Hotel Management? Visit www.excelsiorstays.com/management to book a free call.