.* 1.5 miles away from the new billion dollar Inova Landmark project which will complete in 2028* The Duke Street corridor from Landmark to the King Street Metro Station has the highest ridership in the City and will be under construction in 2026How did you find this deal and how did you negotiate it?

When a developer brings me into a project, we always have a due-diligence phase to vet the site and look for anything that may be a roadblock before the project fully moves forward. 

Unfortunately for us in Jacksonville, demand was outpaced by supply because of the low cost of capital, and a huge surge in rent growth from 2020-2022 so the feasibility of everyone's projects looked great.

I think it can be profitable for seasoned real estate investors who have both the time and expertise to make sure their rehab project stays on budget, but I definitely wouldn’t recommend biting off more you can chew and doing BRRRR for your first deal.

I have other projects I am doing too, and understand the consequences of the engagement. 

Friends who are heading up this project got me interested.

We have a couple ground up projects in the early stages and will be taking that into account when planning.

U can explore but if you actually want to do a project like this you will need to bring in someone who is experienced and bankable.

I think that is a great strategy if you are using the money for short term projects like a flip or a BRRRR.

Did you capitalize that pool yourself or is that a school project type thing?