How to Build Wealth With Ground-Up Class A Development - Shannon Robnett (EP#239)
What does it take to build wealth from the dirt up instead of buying someone else's property? Shannon Robnett shares how he left college to build houses with his dad, moved into commercial design-build, and eventually developed a 180-unit apartment complex that sold to a Wall Street REIT for $64 million. He reveals how he ties up land with no money down while he gets it entitled, why concessions attract coupon clippers, and how he tests the top of the market every week during lease-up. Tune in to learn why Shannon believes real estate's first job is wealth preservation, not cash flow.
Key Takeaways To Listen For
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Why Shannon left college to build houses and what doing every trade taught him
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How Shannon tied up a $3.5 million land deal with no money down while getting it entitled
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Why concessions attract coupon clippers and how Shannon pushes rents during lease-up
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What Shannon sees as real estate's three jobs, and why the order matters
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Why Shannon plans on 35% to 45% down for ground-up development
Resources/Links Mentioned In This Episode
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Rich Dad Poor Dad by Robert T. Kiyosaki | Paperback and Hardcover
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Extreme Ownership by Jocko Willink and Leif Babin | Paperback and Hardcover
About Shannon Robnett
Shannon Robnett is a second-generation builder, developer, and real estate investor with more than 35 years of experience and over $450 million in real estate transactions. As the founder of Shannon Robnett Industries, he specializes in ground-up Class A multifamily and industrial development, bringing hands-on experience in construction, financing, capital raising, and property operations. Through his vertically integrated approach, Shannon maintains control over the development process, from land acquisition and underwriting to construction and asset management. He invests a minimum of 5% of his own capital alongside his investors in every deal. His investment philosophy is simple: control risk, and the returns take care of themselves.
Connect with Shannon
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Website: Shannon Robnett Industries
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LinkedIn: Shannon Robnett
Connect With Us
If you're looking to invest your hard-earned money into cash-flowing, value-add assets, reach out to us at https://slipstreamaii.com/.
Follow Keith's social media pages
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LinkedIn: Keith Borie
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Investor Club: Secret Passive Cashflow Investors Club
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Facebook: Keith Borie
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