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Property Prophets
Welcome to "Property Prophets," the ultimate podcast for real estate enthusiasts and investors. I'm your host, Travis Wells, and I'm thrilled to have you join me every single week as we dive into the world of property profits.
In each episode, we bring on a specialist who excels in a specific area of real estate. Whether it's retail, big commercial properties, luxury real estate, flipping houses, or even land development, we've got you covered. Our guests are true masters of their craft, and they're here to share their expertise, insights, and success stories with you.
But it doesn't stop there. At the end of each podcast, we have a special segment where our mastermind group joins in. This group is filled with avid learners and aspiring investors who bring their real-time, real-life questions for our guests. Together, we create an engaging Q&A session that provides practical knowledge and solutions for everyone.
Join us on "Property Prophets" as we explore the intricacies of the real estate industry and unlock the secrets to property profits. Whether you're a seasoned investor or just starting out, this podcast is designed to inspire, educate, and empower you to achieve your goals in the world of real estate.
So, don't miss out on this incredible opportunity to learn from the best in the business. Tune in to "Property Prophets" and let's embark on this exciting journey together!
Property Prophets
46: From Paper Lots to Profit: Unveiling Land Entitlement with Kourtney Vest
The episode from the Property Prophets podcast, hosted by Travis Wells, features Kourtney Vest, a retail mortgage originator and marketing and development manager for CrossCountry Mortgage in the Dallas, Texas area. Kourtney discusses her dual role in the mortgage industry and as a key player in land development projects through MLC Developments. She shares insights into the process of land entitlement and development, focusing on sourcing land outside city limits for scalability and fewer restrictions, and navigating the complexities of preparing land for residential or commercial development.
Kourtney explains the concept of entitlements or "paper lots," where land is prepared with necessary surveys, water, and sewer connections for developers to build individual homes or commercial spaces. The episode delves into the strategic aspects of finding the right land, conducting due diligence with civil engineering, and the importance of water accessibility. She also touches on the financial aspects of land development, including negotiating with landowners and leveraging municipal utility districts (MUDs) for tax benefits and infrastructure funding.
The discussion highlights the significance of building relationships with landowners, utilizing referrals, and the role of real estate agents in sourcing off-market properties. Kourtney also emphasizes the importance of partnerships, financing, and investor relations in successful land development projects.
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