For many real estate investors, development is the next level of property investing. Instead of renovating, you’re building from the ground up, turning dirt into something hundreds or even thousands of people will use daily. But how do you start, get in good graces with the local government, and build projects you can be truly proud of?
Kristi Kandel went from zero development experience to running her own office in a year, with undeniable success. She built 30 Family Dollar locations in one of the hardest markets in America—California. But that’s not all—she even took on extraordinarily complex projects like building hydrogen fueling stations, something most developers wouldn’t even dare to entertain.
She’s done some of the hardest development jobs and is sharing exactly how you can get your foot in the door, from planning what to build based on your market, to getting the local government on your side, who should be developing, and the mistake that almost cost her millions.
Plus, Kristi shares details on the $140M passion project she’s building with public-private partnerships—the kind of legacy project every investor dreams of.
Insights from today’s episode:
- How to get into real estate development, even if you have no experience
- The first thing to check before you plan on developing any piece of land
- The one person you must get in contact with to get the city’s approval
- One big utility mistake that could have cost Kristi’s team millions of dollars
- How locals can develop in their own communities and stop outside builders from taking over
- The one project Kristi says was impossible to finish—and swears she’ll never do again
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Connect with Kristi on LinkedIn
Recommended Resources:
- Accredited Investors, you’re invited to Join the Cash Flow Investor Club to learn how you can partner with Kevin Bupp on current and upcoming opportunities to create passive cash flow and build wealth. Join the Club!
- If you’re a high-net-worth investor with capital to deploy in the next 12 months and you want to build passive income and wealth with a trusted partner, go to InvestWithKB.com for opportunities to invest in real estate projects alongside Kevin and his team.
- Looking for the ultimate guide to passive investing? Grab a copy of my latest book, The Cash Flow Investor at KevinBupp.com.
- Tap into a wealth of free information on Commercial Real Estate Investing by listening to past podcast episodes at KevinBupp.com/Podcast.
Chapters:
00:00 WHAT to Build
05:46 New City? Find This Person
08:05 Where Deals Get “Stuck”
14:14 Starting in THE Hardest Market
18:39 What She’s Building Now
21:17 Developing YOUR Community
29:13 $140M Passion Project
35:40 This Mistake Could Have Cost Millions
43:43 Connect with Kristi!