S5E32: Million Dollar Profit on One Deal – A Wild Ride in Real Estate Development
Description
In this action-packed episode of the Investor Shed Podcast, hosts Nick Beveridge and Jeremy Kitchen unpack an ambitious real estate development deal poised to net a massive profit! Nick shares the wild journey of purchasing a distressed 5-acre property in Post Falls, Idaho, navigating multiple liens, and securing city annexation to transform it into 25 buildable lots for starter homes. From battling vandalism, trespassers, and even a couch mysteriously landing on the roof, this deal was anything but smooth—but the payoff promises to be worth it!
Tune in to hear how Nick leveraged partnerships, creative financing, and strategic planning to turn a risky property into a game-changing opportunity. Learn valuable lessons on navigating zoning changes, managing unexpected challenges, and working with builders to create affordable housing. This episode is a rollercoaster of insights for real estate investors and agents looking to level up.
Key Topics Covered:
The Deal Overview: Turned a distressed property into a development for 25 starter home lots.
City Annexation Win: Overcame political hurdles to annex the property into Post Falls, unlocking its potential.
Creative Strategies: Used partnerships and financing to fund development without personal capital.
Wild Challenges: Faced trespassers, stolen fencing, and a property turned dumping ground.
Starter Homes Impact: Created lots for affordable single-family homes to meet market demand.
Why You Should Listen:Perfect for real estate investors, agents, and small business owners, this episode dives into the grit and strategy behind a high-stakes development deal. Nick’s candid storytelling and Jeremy’s sharp questions offer actionable tips on managing risks, building partnerships, and seizing opportunities in real estate.
Call to Action:
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Need a real estate agent or referral for your investing goals? Visit northidahorei.com to connect with Nick’s team.
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🔗 Connect with us:
Official YouTube Podcast Page: https://www.youtube.com/@TheInvestorShed
Nick Beveridge’s YouTube Page: https://www.youtube.com/@NickBeveridge
Real Estate Website: northidahorei.com
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