531: Can’t Find a Deal? Here's How to "Make a Deal" w/ Daniel Harvey 01:00:21

    <p><a href="https://www.biggerpockets.com/blog/2012-07-30-zoning-a-primer-for-real-estate-investors/"><strong>Real estate zoning</strong></a> allows those with a keen eye, creative mind, and delayed gratification to <strong>transform a once-vacant warehouse into a massively profitable multifamily deal</strong>. While this isn’t as easy as the simple buy-and-hold strategy of real estate investing, it can <strong>generate far more profit, equity, and appreciation</strong> than buying a single-family home or even multifamily buildings outright.</p><p><a href="https://www.jscott.com/">J Scott</a> joins David Greene to talk with <a href="https://www.dantherealestateman.biz/"><strong>Dan ‘The Real Estate Man’ Harvey</strong></a>, who has been using this <strong>multifamily conversion strategy</strong> for years after he realized how many vacant commercial properties were being under-analyzed by investors. The tactic isn’t too complicated: <strong>find a </strong><a href="https://www.biggerpockets.com/blog/overlooked-commercial-investments-real-estate"><strong>commercial property</strong></a><strong> with the right zoning</strong>, convert it into multifamily housing, stabilize, refinance, and do it again! Dan says that this strategy is a slight off-shoot of the ever-popular <a href="https://www.biggerpockets.com/blog/brrrr-pros-and-cons"><strong>BRRRR strategy</strong></a>, but with FAR more upside.</p><p>Even if you know nothing about zoning, construction, or <a href="https://www.biggerpockets.com/blog/real-estate-investment-analysis"><strong>analyzing big deals</strong></a>, Dan will help you navigate <strong>how to do your first multifamily conversion </strong>in this episode. He even gives a direct callout to anyone who wants to help him and learn from his experience!</p><p><strong>In This Episode We Cover:</strong></p><p>Understanding the<strong> different types of zoning codes</strong> in your area</p><p><strong>Finding the “best use” of a property</strong> and using that to siphon off maximum profit</p><p>How <strong>“By-Right” zoning </strong>allows investors to fully capitalize on a property’s best use</p><p><strong>Calculating future rents and value of a property</strong> after a multifamily conversion</p><p>Combining residential and commercial space to <a href="https://www.biggerpockets.com/blog/how-to-reduce-vacancy-economic-downturn"><strong>eliminate vacancies</strong></a> on your property</p><p><strong>Building a team and </strong><a href="https://www.biggerpockets.com/blog/real-estate-mentor"><strong>finding a mentor</strong></a> that will give you the knowledge to grow</p><p>And <strong>So </strong>Much More!</p><p><strong>Links from the Show</strong></p><p><a href="https://www.biggerpockets.com/podcast">BiggerPockets Podcast</a></p><p><a href="https://www.biggerpockets.com/forums">BiggerPockets Forums</a></p><p><a href="https://www.biggerpockets.com/membership-types">BiggerPockets Pro Membership</a></p><p><a href="https://www.youtube.com/biggerpockets">BiggerPockets Youtube Channel</a></p><p><a href="https://www.bpcon2021.com/">BPCON 2021</a></p><p><a href="https://www.biggerpockets.com/users/brandonatbp">Brandon Turner's BiggerPockets Profile</a></p><p><a href="https://www.richdad.com/">Robert Kiyosaki's Website</a></p><p><a href="https://www.instagram.com/davidgreene24/">David’s Instagram</a></p><p><a href="https://www.biggerpockets.com/users/davidgreene24">David’s BiggerPockets Profile</a></p><p>Click here to check the full show notes: https://www.biggerpockets.com/show531</p>
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