Episode #319

Getting into real estate development with low money down!? Many rookies assume that you need more money to develop, but there are a variety of ways to fund these projects. It all depends on how creative you’re willing to get! Today’s guest learned quickly that you don’t need a huge pile of cash to start building your own properties.

Welcome back to the "Real Estate Rookie" podcast! Today, we’re chatting with Terry Harris—a former professional basketball player turned real estate developer. When we last spoke with Terry, he was wholesaling real estate for a decent profit. Since then, he has transitioned into the development side of real estate and grown his business dramatically. Simply by bringing great land deals to developers and providing a valuable service, Terry was able to learn the ropes and gain enough knowledge to develop his own properties.

Whether you have huge dreams of building city skylines or an end goal of owning a rental property or two, you’ll want to hear Terry’s story. In this episode, he talks about how to find the best land deals, creative ways to fund projects, and how to assemble a toptier development team. He also touches on our favorite topic as of late, partnerships, and how to bring real value to another investor when you don’t have the capital!

~~~~
Join BiggerPockets for FREE
https://www.biggerpockets.com/signup?...
~~~~
Join the Real Estate Rookie Facebook Group:
  / realestaterookie  
~~~~
Find an InvestorFriendly Agent in Your Area:
http://biggerpockets.com/agentmatch
~~~~
Find InvestorFriendly Lenders:
http://biggerpockets.com/lendermatch
~~~~
20 Deals in a Year as a Professional Basketball Player w/ Terry Harris: https://www.biggerpockets.com/blog/ro...
~~~~
Grab Your Copy of “Real Estate Partnerships”:
https://biggerpockets.com/partnerships
~~~~
Get Information on Properties with PropStream:
https://propstream.com/bp
~~~~
Connect with Terry:
BiggerPockets: https://www.biggerpockets.com/users/t...
Instagram: @terryharris15 or   / terryharris15  
YouTube: @TCashWassup or    / @tcashwassup  
~~~~
Follow Lady Gina on Instagram:
@ladygina_real_estate_investing or   / ladygina_real_estate_investing  
~~~~
Connect with Ashley and Tony on BiggerPockets:
Ashley: https://www.biggerpockets.com/users/e...
Tony: https://www.biggerpockets.com/users/t...
~~~~
Connect with Ashley and Tony on Instagram:
Ashley: @wealthfromrentals or   / wealthfromrentals  
Tony: @tonyjrobinson or   / tonyjrobinson  

Show notes at: https://www.biggerpockets.com/blog/ro...


00:00 Intro

02:48 Wholesaling Real Estate

08:09 Learning the New Development Ropes

19:20 Building a DREAM Team

30:20 Finding an Architect

33:49 How to Get Into New Development

38:17 $0 Out of Pocket!?

51:16 Rookie Exam

53:32 Connect with Terry!