Episode 45
Shannon has been in the real estate industry for over 40 years. He has been involved from start to finish on over $200,000,000 in construction projects covering the gamut from multi-family, professional office buildings to City halls, fire and police stations, schools, industrial and mini storage. Shannon says that there is phenomenal growth in a just building, filling, and selling a product. Shannon further explains that his operation is different than most because he is looking for syndication partners that are seeking tax-advantaged situations and his main clients are using IRAs to invest; not clients looking for small monthly cash flow investments. Another reason Shannon is different is that the majority of the projects are ground-up developments. Shannon and his team have streamlined the ground-up process making it a much more lucrative product to invest in. His team also completely rehabs a building, from pipes, roof, window, paint, everything that will keep these rehab investments profitable for 10+ years.
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Published on 5 years ago
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