Can opportunistic ground up be less risk than value add? On today’s episode we have a very special guest, Shannon Robnett. Shannon is a 2nd generation developer and focuses on ground up development. He currently has 200 doors under construction. I learned a lot after chatting with Shannon, he dropped a lot of knowledge on opportunist development and how that can benefit one’s profit. This episode covers: • What are people really looking for when they want a new development? • Solving investors and community problems while also making money. • How to never bust a budget. • Giving a budget to everyone involved in project to create no mishaps • Things that aren’t on the table for value add • How to de risk situations. • How to combat risks that come from projects. • How to structure construction contracts over cost runs? • How do you protect yourself against unforeseen expenses from construction? • Benefits of having a closing plan before starting the project. • How to modify accordingly if over budget. • How to get rid of transaction costs by opening it up to the market? • How to make sure everyone is making money in your deal? Enjoy today’s episode! 👉Wanting to Learn How to Partner with Us? Book a Discovery Call with Mike https://www.commercialinvestingmastery.com/discovery 👉Get a free PDF copy of the #1 Amazon Bestselling Book "Commercial Real Estate Investing" - https://www.commercialinvestingbook.com/