188. REAL DEAL: Reviving Texas Through Redevelopment with Katie Neason

Welcome to the Real Estate Investing School Podcast! In this Real Deal episode, Brody interviews Katie Neason about a redevelopment deal she did in downtown Bryan, Texas. The property is an 18-unit boutique apartment building, with two-thirds of the units being studio lofts and the remaining third being urban two-bedroom units. The goal of the redevelopment was to bring more heads and beds to downtown Bryan to support the local retail shops and restaurants. Katie emphasizes the importance of having a vision when approaching the city for rezoning and getting their support. She also shares her process of finding inspiration from other developments and locations. Katie discusses her experience with redevelopment projects and shares valuable insights and advice. She emphasizes the importance of aligning your vision with the city's vision and understanding the dynamics of the relationship. Katie also highlights the need to know your market and adapt your strategies accordingly. She discusses the financing and structuring of a redevelopment deal, including the use of cash, seller finance notes, and construction loans. Neason also emphasizes the importance of locking in long-term rates and having permanent financing in place before starting a project. She concludes by encouraging aspiring developers to seek out information, get an apprenticeship, and surround themselves with experienced professionals. Expand your mind to get your next property under contract and book a free strategy call with us in the link below to see how we can help you! Book a free real estate investing strategy call! No experience necessary. Check out the Real Estate Investing School Youtube Real Estate Investing School Instagram Brody's Instagram Katie's Instagram