All Forum Posts by: Devin James

Hey @Michael Brattelli, thanks for the comment! I also agree with the grey/white. I didn't hear this from Buyers, but I personally am tired of seeing it.

The previous 3 years we strictly did the grey/white, but now thats out least built color scheme.

Whenever I speak to a group of students interested in real estate, I always stress the importance of networking and simply asking people to coffee.

I even tell them to reach out to me if they have questions, knowing only a few will actually follow through.

And that’s what sets high performers apart from the rest: taking action when most people hold back.

If you’re just starting out, remember, one conversation could change everything.

Don’t hesitate to take that first step.

1) Don't fall into analysis paralysis, theres a ton of ways to invest in Real Estate, pick one and go.

2) Take action. You will fail, you are supposed to fail, that's how you learn.

3) Systems! Create systems that make the business repeatable.

In 2021, we built a home in Lake County, FL for $180K, that same home today costs $250K to build.

Why are home prices so high? There’s part of the answer.

Anyone else experience this same increase in costs?

 Thank you @Katie Miller!! We're super excited!!

 Thank you @Tiffany Francis!!

Brand new - under construction!! Baby girl arriving April 2025!

Like many real estate projects, we expect her to bring:
- Joy
- Wonder
- Tears
- Unexpected Costs
- Anxiety
- Fulfillment

Excited to embark on this ultimate life project and grateful for all the support as we “build” our family!

Reply with your best parenting tips!!

 Yes it is an infill lot.

- 5 month permitting (Much longer than anticipated)

- 160 days of vertical construction 

- The storms set us back on a few builds because it caused us to delay our septic instillation. We couldnt have a large hole in the ground fill up with water that we were going to place a septic tank in.

Key takeaways from the Southeast Build-To-Rent Summit today held by Bisnow

1) Peter Michaels - BTR Rental Premiums Compared to Garden-Style Multifamily:
- Townhome BTR: 10% rental premium
- Single-Family Attached: 15% rental premium
- Single-Family Detached: 30% rental premium

2) Kimberly Byrum - Average age for first time homebuyers today is 35. Make sure to design your units with this demographic in mind. Key differentiators include storage space (attic or large closets), EV charging, and accessible backyards (not just an entry from the bedroom).

3) Liya Mo - BTR REITS are trading at a premium to MultiFamily REITS, largely due to more exit strategies. Fee simple lots provide greater flexibility than multifamily projects under one parcel.

4) Kimberly Byrum - Lease-Up Rates by Asset Type:
Garden Style Multifamily: 18 units per month
BTR Cottage Style: 12 units per month
BTR SFH Detached: 8 units per month

5) John Jones (BBL Building) - Efficient and thoughtful design remains the best way to reduce costs.

6) Tony Benge Margins are comparable between garden style multi-family & BTR, but BTR is in much higher demand.

It was a great turnout, excited to see the BTR sector’s growth between now and next year’s event!

BTR = Build-to-Rent
REIT = Real Estate Investment Trust
SFH = Single Family Home

Lesson from Radiant Young Adults night in Tampa – "Staying Power"

Last Thursday's session reminded me:
- Stay consistent
- Play the long game
- Consistency always beats periodic bursts of intensity
- Consistency might feel “boring,” but that’s where growth happens

Stay the course! It'll pay off 5,10,20,30+ years from now.