E34 Wesley Burdette – How He Progressed from Single-Family Flipper in to Multi-Family Development

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318084_536836776336108_1099953190_nWesley Burdette has always had a hand in real estate investing, however he began on the lending side in the Washington D.C./metro area. From lending he moved towards single-family residential flipping with his sights set on the Florida real estate markets. After finding success in the single-family markets, Wesley endeavored into real estate development and now has several projects in progress in the Seminole Heights neighborhood of Tampa, notably a 46 unit loft-living complex, The Warehouse as well as four new townhouses.

Wesley joins us to discuss his transition from flipper to developer and covers key tips for investing in the Florida real estate markets along with advice on how to diversify your investments and foray into larger investment markets.

  • Know Your Market
    • Research the areas you are considering investing in
    • Understand consumer psyche – what do people want in a home?
    • Know your contractors, work closely with them
    • Millennial Markets on the rise: Seminole Heights
  • Budget
    • Know what you can afford
    • House-flipping is all about initial buy
    • Cost structure
      • Adaptive reuse (commercial, multi-family)
      • Infrastructure (basic repairs)

Wesley’s Tips:

  • Perseverance is key.
  • Entering into investment real estate can be intimidating, but with determination and the proper know-how you can find success.
  • Be careful with your investments. Don’t get locked into something uncertain

If you are interested in investing in the Seminole Heights area or just looking for some local urban flavor, check out: The Rooster and the Till or The Refinery

To view pictures of Wesley’s multi-family development project, The Warehouse, click here.

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Wesley can also be contacted directly at: wburdett1@yahoo.com

 

 

 

 

EP10 – What is Happening in Miami Real Estate Development? Where Is the Market Headed?

The Miami real estate market is one of the most resilient markets in the world and certainly the strongest market in the State of Florida.  It was left for dead after the 2008 market downturn and even optimistic projects estimated it would take at least a decade to rebound.  Fast forward to 2015 and the Miami market is seeing eye-popping growth, not only in construction starts, but also a rebound in prices.

193x257_TimBecker_9988Tim Becker, CCIM & Director, Kelley A. Bergstrom Center for Real Estate Studies, is our special guest for this first of a four part series of the State of Florida’s major real estate markets, in preparation for the Center’s Trends and Strategies Conference February 26-27 in Orlando, Fl.

In this part of the series Tim gives a brief overview of what is moving and shaking in the Miami real estate development scene and some areas of potential concern.  If you are an active or aspiring real estate investor in the Florida markets, you will definitely want to catch all four parts of the series.

 

Check out this episode!

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