Habibi! Are you ready to begin developing flex space? I am PUMPED for you to get in on this, and join real estate’s best and most lucrative asset class. The first thing you need to do to build flex space real estate is to COMMIT. Once you make the decision to create a legacy through your real estate investments you need to put your head down and get ready to BUILD.

If you’re ready to buy land, make sure to download and save my checklist I use when looking for land for flexspace real estate. 

Did you know that NOW is actually the best time to buy land. Due to the recession, land is cheap. If you strike now on this recession-proof asset class, you could be making millions while those who ignore this opportunity are left behind. I’m here to make sure you have all the tools you need to be successful in flex space real estate. I have been where you are, and I want to teach you what I have learned along the way. So…

Let’s Get Into It: How Much Money Do You Really Need To Get Into Flex Space?

Now the first thing we have got to get down is how do you want to finance your development. There are two ways you can go about this:

  1. Self- Finance
  2. Syndications

Self- financing is pretty self explanatory, but if you want to know how to syndicate, read this blog: Becoming A Real Estate Millionaire Is Easier Than You Think. Whether you choose to self- finance 

or syndicate, it doesn’t really matter, as long as you get

 the money you need to be successful. You either have the money, or you need to get access to it for you to start your flex space real estate development. 

So Let’s Talk Dollars:

You can start your flex space development with as little as $200,000 to $300,000. This money along with a loan from the bank will see you through your first full development. 

Flex space real estate will give you a 2-3x multiple on your developments, so the bigger your project is, the greater the returns will be. 

Now Here’s What I Believe:

I make 7-8 figures in EVERY flex space real estate deal that I do. This is not by chance. I have perfected a formula to get the most returns out of my deals. I personally believe that for optimal growth, what you need to start a flex space real estate development is $300,000-$500,000. The reason for this is because you need to build a 2 million dollar development.

Why 2 Million?

The reason I focus on this number is because let’s say you miss an expense or you have an unexpected cost, you have to put additional money into the deal to make the deal right. Small mistakes can become very costly very quickly. If your project size is small, guess what? You just took a BIG hit to your ROI. In larger developments, these costs do not take up such a large percentage of your ROI, whereas with smaller projects these costs would take a significant percentage of your returns. 

Now if you want to avoid costly mistakes and develop flex space real estate successfully, you are going to need the right education. You are already on the right path by reading my blogs, but if you are ready to buy land and get started, you need more. In my mastermind, Flex Space Untapped, I teach you how to develop flex space real estate A-Z, saving you from costly mistakes. If you want to learn more, check out Flex Space Untapped.