Episode 22: Paul’s Development Deal

In Part 2 of our conversation with Paul Kerley we discuss one of his hardest lessons learned. The deal was a development project that needed some money to build his modular homes. If you’re noticing a trend with development projects with partners that you don’t know very well then you may be onto something. It's a common mistake that many real estate investors have made and continue to make. The reason being that development is one of the most lucrative ways to make money in real estate but it’s also one of the riskiest. If you’re thinking about getting into a project make sure you ask someone who you trust, knows real estate and isn’t a part of the project if you should really do it. The Junkies discuss these pitfalls and more in this episode of Deal Junkies!