Brady McDonald
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Podcast Appearances
Correct. Yeah. We, we, we will actually close on the land. We close. And then basically our buyer closes the same day. So it's essentially, yeah, we have transactional funding. So we'll get it under contract and have like 150 days due diligence time and then 120 days entitlement period. So we're not, you know, we're 150 days.
Correct. Yeah. We, we, we will actually close on the land. We close. And then basically our buyer closes the same day. So it's essentially, yeah, we have transactional funding. So we'll get it under contract and have like 150 days due diligence time and then 120 days entitlement period. So we're not, you know, we're 150 days.
Correct. Yeah. We, we, we will actually close on the land. We close. And then basically our buyer closes the same day. So it's essentially, yeah, we have transactional funding. So we'll get it under contract and have like 150 days due diligence time and then 120 days entitlement period. So we're not, you know, we're 150 days.
And as long as our buyers know we're moving forward with entitlements, because we are, we're actually showing them and we're communicating to them, like over going above and beyond, then they give you more time.
And as long as our buyers know we're moving forward with entitlements, because we are, we're actually showing them and we're communicating to them, like over going above and beyond, then they give you more time.
And as long as our buyers know we're moving forward with entitlements, because we are, we're actually showing them and we're communicating to them, like over going above and beyond, then they give you more time.
Right. Because, and I think that's the half of the battle with almost anything is just whether it's investor relationships, dealing with municipalities, dealing with, you know, contracts, it's communication. Yeah. People just want to know what's up.
Right. Because, and I think that's the half of the battle with almost anything is just whether it's investor relationships, dealing with municipalities, dealing with, you know, contracts, it's communication. Yeah. People just want to know what's up.
Right. Because, and I think that's the half of the battle with almost anything is just whether it's investor relationships, dealing with municipalities, dealing with, you know, contracts, it's communication. Yeah. People just want to know what's up.
And you can do it in any asset class. It doesn't have to be storage. We started by just finding big lots in a town, right? And if you just know that an R1 lot is this frontage and this lot size, well, then just go find a lot that's twice as big. And you sever the thing in the middle.
And you can do it in any asset class. It doesn't have to be storage. We started by just finding big lots in a town, right? And if you just know that an R1 lot is this frontage and this lot size, well, then just go find a lot that's twice as big. And you sever the thing in the middle.
And you can do it in any asset class. It doesn't have to be storage. We started by just finding big lots in a town, right? And if you just know that an R1 lot is this frontage and this lot size, well, then just go find a lot that's twice as big. And you sever the thing in the middle.
Well, one of the things that too helps is just using local civil engineers and relying on local, uh planning consultants and that that is part part of it too because they can navigate a little better exactly they know who to talk to and and like
Well, one of the things that too helps is just using local civil engineers and relying on local, uh planning consultants and that that is part part of it too because they can navigate a little better exactly they know who to talk to and and like
Well, one of the things that too helps is just using local civil engineers and relying on local, uh planning consultants and that that is part part of it too because they can navigate a little better exactly they know who to talk to and and like
I'm saying this in the same sense that I don't know that it's actually that important, but they just know the nuance that we don't, that would probably make it take us three to four months later because we'd screw up a few things. Yeah, dude, for sure. That is a lot of money that you could be deferring down the line.
I'm saying this in the same sense that I don't know that it's actually that important, but they just know the nuance that we don't, that would probably make it take us three to four months later because we'd screw up a few things. Yeah, dude, for sure. That is a lot of money that you could be deferring down the line.
I'm saying this in the same sense that I don't know that it's actually that important, but they just know the nuance that we don't, that would probably make it take us three to four months later because we'd screw up a few things. Yeah, dude, for sure. That is a lot of money that you could be deferring down the line.
Oh, that's totally true.
Oh, that's totally true.