Mastering New Construction: Insights from Coach Carson's Seneca Deal
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In this riveting episode from Coach Carson, the focus shifts dramatically from old, worn-out rental properties to the thrilling world of new construction. The team's bold move to delve into the realm of build-to-rent properties is nothing short of a game-changer. They take us on a wild ride through a recent deal in Clemson, South Carolina, where they snagged a prime piece of land spanning over six acres in the vibrant town of Seneca. The allure of this property lies in its strategic location, just a stone's throw away from the bustling downtown area, promising a lucrative investment opportunity.
As they dissect the anatomy of this deal, the team emphasizes the critical role of location, highlighting the significance of walkability and density in the realm of new construction projects. From scouting for the perfect parcel of land with flat topography to capitalizing on existing infrastructure, every move is a calculated step towards success. The conversation delves into the nitty-gritty of maximizing lot potential, navigating the complex web of city regulations, and overcoming the challenges posed by varying topographies in land development.
Drawing from a wealth of experience, the team shares valuable insights gleaned from past triumphs, including ingenious strategies like acquiring lots in aging subdivisions and unearthing hidden gems in infill neighborhoods. They unravel the intricate process of subdividing larger lots in established areas, shedding light on the interplay between zoning regulations and potential covenant restrictions. Coach Carson's journey from seasoned rental property connoisseur to daring new construction maven is a testament to the boundless opportunities that await those willing to take the leap into uncharted territory.
Image copyright Youtube
Image copyright Youtube
Image copyright Youtube
Image copyright Youtube
Watch Why I’m Building Properties, NOT Buying (Build-to-Rent 101) on Youtube
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Viewers sharing their own experiences with land development and rental properties
Positive feedback on the video content and information shared
Questions about financing, building permits, and rental prices
Concerns about high construction costs and feasibility of profit
Discussion on different approaches to real estate investment, such as buying vs. building
Mention of challenges in the real estate market and impact on housing development
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