Why New Construction Has Become Less Risky with Shannon Robnett, Ep. 363

Shannon has been in the real estate industry for over 40 years. He has been involved in over $250MM in construction projects covering the gamut from multi-family, office buildings, fire and police stations, schools, industrial, and self-storage. As a developer with over 25 years of personal and hands-on development and construction experience, Shannon is dedicated to delivering numerous passive income streams to their syndicate partners. Along with his knowledgeable and dedicated team, Shannon Robnett Industries (SRI) creates a second-to-none investor experience. Shannon shares why he breaks his deals into two parts to focus on both appreciation and cashflow for investors. Let’s dive in to learn more about ground up development and construction.   Announcement: Download Our Sample Deal and Join Our Mailing List   [00:01 – 04:45] Opening Segment  Shannon talks about his background. How he developed a very successful construction and development company. Why he preferred real estate investing instead of going to college. How he got involved in commercial real estate. [04:45– 14:53] The Builder, The Developer, and The Investor Shannon talks about the structure of his ground-up development business. Builder vs. Developer Shannon’s process for identifying what elements need to be in a specific property. The importance of increasing the quality of service at your apartments. The downsides of being a syndicator. [14:53 – 25:51] The Value in Construction The importance of surrounding yourself with experienced people. The reasons why there is more and more value in construction. The reasons they break their developments into two deals. Ways to attract residents to new construction buildings. Shannon talks about the amenities that he focuses on.   [25:51 – 32:36] Round of Insights Apparent Failure: Buying costly stainless steel appliances.   Digital Resource: Zoom   Most Recommended Book: Never Split the Difference   Daily Habit:  Being thankful   Best Place to Grab a Bite in Puerto Rico: Franco’s   #1 Insight for Real Estate Investing: A little place on the beach.     Contact Shannon: To learn more go to shannonrobnett.com.     Tweetable Quotes: “When you come with an attitude of  ‘I don’t know everything’. There are a lot of people who will prudently tell you how to do it best.” - Shannon Robnett   “As you learn to do it again, again and again - it becomes very easy” - Shannon Robnett   Thank you for joining us for another great episode! If you're enjoying the show, please LEAVE A RATING OR REVIEW,  and be sure to hit that subscribe button so you do not miss an episode.