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When buying existing properties becomes too cost prohibitive, you may need to pivot to new development. Whereas cap rates on existing properties in desirable markets may have plummeted to as low as sub 4%, cap rates on ground up development can be as high as 10%, even in growing markets.
Today’s guest, David Kislin, Owner at JEL Development, is doing small, infill residential ground up projects in South Florida and is generating great returns.
Learn more at https://www.streetsmartsuccess.com
