All Forum Posts by: Kristi Kandel

 @Kyler Berry exactly what @Jamie Hora said. It's VERY rare that an engineer could add enough value to a deal to have them be an equity partner (sweat equity). You could setup something where the fees are deferred until you secure the construction loan and then pay them 1.5-2x their standard fee if they waited the 6-18 months to get paid. But an equity position is not recommended unless they own the dirt or bring some other kind of value. 

It's possible the engineer is agreeing to take on the ENTIRE development process and manage the entire development of the project but that would need to be clearly defined in the roles and responsibilities of the development partnership. 

In any partnership you can't just cut a check and hope for the best especially if you're providing the money and the other partners don't have more than their time in the game. So I'd just make sure you have good checks and balances and reporting setup. 

 @Nichole Kinard If you reach out to the planning department you can get the property's zoning and allowed uses in that zone. 

Then depending on what's allowed you can speak with a broker who specializes in that type of property (agriculture, industrial, low density residential, etc.) and see what they think the highest and best use could be. 

Or maybe once you know what's allowed reach out to existing businesses to see if they want to expand. 

You could always look to develop it into an RV/glamping campground too. 

 I've been a RE developer for nearly 20 years working in every asset class. Last year we created a masterclass for helping ordinary people become the Local Developer in their community so that you can be empowered to do your own deals. If you'd like more information just shoot me a DM!

 @Trenton Miller Hey! Great questions and all are necessary to dial in the UW (underwriting) for development deals. I've been a RE developer for nearly 20 years with a majority of my work in the CA market. Any architect or engineer you hire to work on the project will be able to help walk you through the process on each deal. You'll just need to pull it all together to make the business decisions. 

However, if you're looking to gain those insights directly I've fine tuned our checklists and resources to answer those questions for all types of development projects. Last year we created a masterclass for helping ordinary people become the Local Developer in their community so that you can be empowered to do your own deals. If you'd like more information just shoot me a DM! 

 @Donald DiBuono if you still need development help after speaking with Samuel I teach people how to become the local developer in their community. I've been in RE development for nearly 20 years so happy to share some resources. 

 @Ramatu Kuyateh I live in fort myers beach, FL and also have a duplex in naples. Hurricanes are making me leave the state BUT I live and own on the water. Being in Orlando it's one of the more safe areas for hurricanes but make sure you pay attention to flood zones, get flood insurance as necessary in case of flash floods in rivers, and make sure you can get legitimate insurance providers. For me owning in FL doesn't make sense but I'd rent here all day long. 

If you make the new property your primary you could put a lot less down depending on the property and the bank you use. 

 @Adam Rogalski Have you reached out to MEDC yet to see about their grant programs for building housing? I work with them throughout Michigan to help emerging developers redevelop neglected properties in their communities. You still need to get the debt and equity but once you're open / finished with construction you can get grants to reimburse you. 500K-2M is typical for projects like yours. I run a local developer course if you were interested in learning more about development. You can always shoot me a DM. We'll be releasing our next accelerator course in Dec starting in January. 

Hey there Local Developers!

The webinar replay for "Importance of Asset & Wealth Protection" is right here: https://localdeveloper.kartra.com/videopage/AssetProtection

Ready to take it to the next level? Our Blueprint for Local Real Estate Development course will equip you with everything you need to bring your vision to life. Plus, you’ll gain access to our free, exclusive community of like-minded individuals who are revitalizing neighborhoods and making real change. This community offers a powerful support system to help you succeed every step of the way!

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P.S. Take advantage of the 50% off coupon code provided at the end of the webinar to purchase the Blueprint course and access our Local Real Estate Developer community. 🎉

Can you imagine having that kind of support and momentum while you're knee-deep in your 1st development deal?

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• If you're feeling FIRED UP and ready to take action – amazing! Let's channel that energy.
• If you're feeling a bit overwhelmed or unsure – also amazing! That's often where the biggest growth happens.

Either way, your next step is crystal clear: Reply to this email to book a call with our team!

Whether you're looking to:

• Repurpose an old building into affordable housing
• Dive into one of our self-directed courses
• Want to gain clarity and know for sure what step to take next
  
  
  

We've got the resources to match your ambition. Let's get you on the right track! Reply to this email to book a call with our team!

Here’s to locals revitalizing our communities!

🎶 You work hard for your money, so make sure you protect your assets right! (Yes, I’m throwing it back with that one! 🤣)

🧱 It’s time to level up your Asset Protection game in just 60 minutes at our LIVE webinar!

🗓️ Join us on Wednesday, October 16th, at 1 PM EST for Starting Small, Thinking Big: How to Protect Your Real Estate Investments.

Watch this quick event preview: Video Link

Whether you’re just getting started or already have properties under your belt, real growth comes from protecting what you’ve built. In this webinar, Cheri Hill, the Wealth Protection Diva, will share strategies to secure your investments, limit liability, and grow your wealth. 💹

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BONUS: We’ve just launched our FREE Local Real Estate Developer Community! If you're feeling burnt out by the daily grind and ready for a new purpose, it’s time to make a change. We empower ordinary people to revitalize communities by transforming neglected properties into thriving spaces.

Shoot me (Kristi) a DM for more details on how you can get involved!

See you soon!

Kristi Kandel and Lynn Makela

The webinar replay for "Proven Strategies to Unlock Hidden Tax Benefits & Boost Cash Flow!" is right here:https://localdeveloper.kartra.com/videopage/taxbenefits

Ready to take it to the next level? Our Blueprint for Local Real Estate Development course will equip you with everything you need to bring your vision to life. Plus, you’ll gain access to our free, exclusive community of like-minded individuals who are revitalizing neighborhoods and making real change. This community offers a powerful support system to help you succeed every step of the way!

Sign up here: https://www.localrealestatedeveloper.com/course-signup

P.S. Take advantage of the 50% off coupon code provided at the end of the webinar to purchase the Blueprint course and access our Local Real Estate Developer community. 🎉

Can you imagine having that kind of support and momentum while you're knee-deep in your 1st development deal?

Here's the plan:

• If you're feeling FIRED UP and ready to take action – amazing! Let's channel that energy.
• If you're feeling a bit overwhelmed or unsure – also amazing! That's often where the biggest growth happens.

Either way, your next step is crystal clear: Send us an email ([email protected]) to book a call with our team!

Whether you're looking to:

• Repurpose an old building into into affordable housing
• Dive into one of our self-directed courses
• Want to gain clarity and know for sure what step to take next
  
  

We've got the resources to match your ambition. Let's get you on the right track! Send us an email ([email protected]) to book a call with our team!

Here’s to locals revitalizing our communities!