Ep 535: Entitling 400 Units Of MultiFamily In Dallas With Chris Powers

In this episode of The Hive With Us Podcast, host Daniel Martinez and co-host Kyle Thompson welcome back Chris Powers, a seasoned real estate investor with over $1.2 billion in assets under management. Chris shares a compelling land deal that significantly impacted his career and provides insights into the intricacies of land investment and entitlement risk.

Chapter 1: Introduction and Guest Overview (0:00 - 1:00)

Daniel and Kyle introduce Chris Powers and provide a brief recap of his background in real estate investing, highlighting his expertise in land and industrial investments.

Chapter 2: The Landmark Land Deal (1:01 - 5:00)

Chris narrates the story of his pivotal land deal in 2010, where he assembled 8 acres of land in a burgeoning area of Fort Worth. He discusses the initial purchase, the challenges of entitling the land, and how this deal significantly influenced his career.

Chapter 3: Lessons from the Land Deal (5:01 - 7:00)

Chris shares the key lessons he learned from the 18-month process of rezoning, navigating city politics, and dealing with infrastructure issues. He emphasizes the importance of understanding entitlement risk and the potential returns it can bring.

Chapter 4: Broader Implications and Strategies (7:01 - 9:00)

The conversation expands to discuss the broader implications of land investments, the advantages of selling to large companies, and how Chris's experience reshaped his approach to real estate. He also touches on the importance of working with talented professionals on big deals.

Chapter 5: Practical Advice and Closing Thoughts (9:01 - 10:54)

Chris offers practical advice for aspiring land investors, stressing the importance of making sound purchasing decisions and being prepared for the complexities of entitlement. He concludes by sharing where listeners can find him online and promoting his podcast, The Fort Podcast.

fortcapitallp.com

www.nytfire.com

Text 📱 210-972-1842