Thinking about ground-up development? This episode might save you years—and millions.In this one, Rich sits down with Austin Schmidt, a real estate developer who’s lived through the chaos, wins, and war stories of building multifamily from scratch. From fighting the city to getting permits approved to making deals penciled after rising interest rates, Austin lays out the full, unfiltered blueprint for anyone who wants to get into development and actually win.They cover:Why most developers quit after their first deal (and how to survive it)What makes a city “developer-friendly” (and the red flags to watch for)How to raise capital for your first ground-up projectThe difference between theoretical spreadsheets and real-world construction delaysWhy Austin still bets on development—and where he’s building nextIf you’re even thinking about going vertical, this is the 67 minutes you need.Let’s get into it.Connect with Austin on Instagram: @luxbuildersJoin our investor waitlist and stay in the know about our next investor opportunity with Somers Capital: www.somerscapital.com/invest. Want to join our Boutique Hotel Mastermind Community? Book a free strategy call with our team: www.hotelinvesting.com. If you're committed to scaling your personal brand and achieving 7-figure success, it's time to level up with the 7 Figure Creator Mastermind Community. Book your exclusive intro call today at www.the7figurecreator.com and gain access to the strategies that will accelerate your growth.

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“What did the council decide on item 42?” — answered with the speaker and the moment.

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