In today’s episode, Vinki Loomba sits down with Adam Stern, a seasoned real estate executive and CEO of Strata SFR, to dive deep into the often-overlooked world of residential land and lot investing. Adam shares his insights on how to successfully navigate land development—from understanding the entitlement process to leveraging small amounts of capital for significant returns.
Key Takeaways:
- Land and Lot Development Overview: Land investing offers a high potential return with relatively low initial capital investment.
- Understanding Entitlement: The entitlement process is key. Before you can develop land, it must be evaluated through various surveys (e.g., environmental, geotechnical) and approved by the municipality.
- The Role of a Strong Team: To succeed in land development, you need to assemble a team of experts—engineers, architects, and local consultants.
- Capital and Risk Management: While locking up land with a small down payment is possible, the real challenge comes with financing the full development process.
- Real Estate Market Outlook: While land investing remains a stable asset class, high interest rates and a possible slowdown in the housing market could impact land values.
🔗 Connect with Adam on LinkedIn: https://www.linkedin.com/in/adamstern00/
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