076: Maximizing Value through Development with Andrew Greer

We Build Great Apartment Communities

Andrew Greer’s name is synonymous with multi-family development, property zoning, real estate growth and success!

After attending college Andrew decided to venture into real estate investing and sales. Finding early mentorship with a previous employer turned investor Andrew learned the ropes about investing. With an immense desire to run his own business Andrew quickly ventured into real estate investing and purchased his first flip with partners. After several months of working and learning the hard way they sold their first project and since then have never looked back.

On today’s show, Andrew walks though his experiences being an asset manager, zoning and city planner, real estate investor and an overall entrepreneur who just want to help build great apartment communities. Lots of takeaways!

Episode Highlights:

• Andrew talks about Parking in the high density San Diego
• Balancing zoning allowances between parking and micro units
• How underwriting is changing at this time
• Talking about construction cost
• Managing downside risks
• Short Term Rental - Why is it so successful
• Airbnb as a fascinating business
• Cleaning as a big point of contention
• Capitalizing - Between debt and equity
• Listen as Andrew shares his most challenging project and the greatest takeaway that he has learned from it

Connect with Andrew:

• LinkedIn
• Facebook
• Twitter
• Email

About Our Guest:

CEO- Thomas Strafford Investments

While completing his degree in Economics at San Diego State University, Andrew began his career in Finance focusing on private equity in 2009-2011. in early 2011 Andrew directed his focus to becoming the asset manager vs salesman. Starting in 2011 Andrew and Keith joined forces buying assets that were below the highest and best and re-positioning them for disposition. With a desire to grow into larger assets Andrew began putting his energy towards zoning and city planning to create the best opportunities for the company and its investors to build value. The partners in Thomas Strafford have since completed several entitlement sub divisions, including one of the first small lot subdivisions, and built homes and multi units in San Diego County

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Connect with John Brackett and We Build Great Apartment Communities

• Instagram @webuildgreatcommunities
• Facebook @buildingreatcommunities
• LinkedIn @brackettjohn
• Website www.fidelitybps.com

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Carlsbad, CA 92009

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