Discover essential tips for successful real estate development. Avoid common pitfalls and maximize your investment with our guide.
Real Estate Development Do’s and Don’ts
Brian Elliott, CFA, is the Manager of Sharp Development, a real estate firm with over 500,000 square feet of commercial and residential space. He has been with the company for eight years and has witnessed tremendous real estate development in downtown Tulsa. Before Sharp Development, Brian was the Vice President of Security Bank Tulsa.
Here’s a glimpse of what you’ll learn:
- Brian Elliott’s evolution from banking to real estate
- How Brian acquired his first commercial loan and rectified a fatal mortgage
- Navigating risky investment negotiations
- Brian talks about buying and selling a multifamily property
- The importance of forming relationships with investment bankers
- Sharp Development’s real estate enhancements in downtown Tulsa
- How Sharp Development transformed a historic building
In this episode…
Real estate is an extensive industry with the potential to create economic development by strengthening cities. What can you learn from a banker turned real estate investor who plunged headfirst into the industry and made several miscalculations before transforming downtown Tulsa?
Brian Elliott began his investment endeavors by acquiring a risky property with a suboptimal mortgage. After consulting with attorneys and bankers to foreclose the house and settle the mortgage, Brian profited sufficiently. His propensity for risk helped him acquire and refurbish several multifamily and commercial properties to revitalize the Tulsa community. When engaging in real estate developments, Brian says to leverage previously successful business models before renovating a property with your unique vision.
Mat Zalk interviews Sharp Development’s Manager Brian Elliott on this episode of The Same Day Podcast about commercial and residential real estate development. Brian explains how he resolved a bad mortgage and navigated a risky negotiation, offers advice for evaluating and selecting loan officers, and talks about his company’s real estate advancements in downtown Tulsa.