EPISODE · Sep 4, 2025 · 25 MIN
Triple the Cost? Reimagining a 19-Lot Subdivision in Rural Idaho | MS#10
from 🎙️ Local Real Estate Developers · host Kristi Kandel
What do you do when your project budget gets blown up overnight? Walk away or fight to find another path?In this minisode, Craig takes us inside his 19-lot subdivision project in rural Idaho, where a contractor’s estimate came back nearly triple what the realtor promised. Suddenly, a deal that looked straightforward on paper is underwater before breaking ground.Together, we dig into the real questions every small-town developer faces: Can you negotiate down infrastructure costs like curb and gutter? How do you balance what the code says versus what the community really needs? And most importantly how do you pivot when the numbers no longer pencil?If you’re searching for real estate development education that speaks to beginners and locals, not just the big-city players, this episode shows exactly how reimagining density, phasing, and product type can keep a deal alive. This is what local real estate developer mentorship looks like in action.Episode TakeawaysQuestion every line item and verify bids instead of taking them at face valueUse local knowledge to negotiate infrastructure requirements that actually fit the communityReimagine product type (like townhomes vs. single-family) to spread costs across more unitsExplore phasing strategies to reduce upfront capital outlay and buy time with jurisdictionsStay in the game. Development is about problem solving, not perfectionBold Truth Real development doesn’t die when the numbers don’t work—it lives in the creativity to make them work for your community. ✅ Sign up for the LRED Developer Vault & Monthly Newsletter: http://www.localrealestatedeveloper.com/developer-vault-optin 🎧 Access all platforms, the Developer Vault, and more: https://linktr.ee/localrealestatedeveloper Ready to go from podcast listener to Local Developer? Whether you're just getting started or ready to go all in, we’ve got the tools to help you build what matters in your own backyard. → Programs & Resources: https://www.localrealestatedeveloper.com/ → Apply for the Mentorship Program: https://www.localrealestatedeveloper.com/dev-mentorship#LocalRealEstateDeveloper #BuildWhatMatters #ThinkBigStartLocal #FromVacantToVibrant #GatekeepingEndsHere #CommunityFirstDevelopment #RealEstateWithPurpose #RealEstateDevelopmentEducation
Embed this episode
Ready to play
Triple the Cost? Reimagining a 19-Lot Subdivision in Rural Idaho | MS#10
No transcript for this episode yet
Similar Episodes
No similar episodes found.
Similar Podcasts
No similar podcasts found.