From Dirt to Dollars - The Secrets to Successful CRE Development, Creative Financing, and Tax Incentives | Katie Kim

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Productivity, Stocks, Realestate, Lifestyle, Finance, Commercialrealestateinvesting, Personalgrowth, Entrepreneur, Business, Entrepreneurship, Rich, Mastermind, Money, Personalfinance, Millionaire, Mentorship, Realestateinvesting, Success, Mentor, Wealth, Investing, Millennials

4.4 • 716 Ratings

🗓️ 27 January 2025

⏱️ 60 minutes

🔗️ Recording | iTunes | RSS

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Summary

In this episode, we’re joined by Katie Kim, a powerhouse in commercial real estate development. From growing up in a family construction business to leading multi-million dollar redevelopment projects, Katie breaks down her strategies for turning vision into value. Learn how she structures deals without using her own money, leverages tax incentives like historic tax credits, and mentors aspiring developers to success. Whether you're a seasoned investor or a real estate rookie, Katie's insights will leave you inspired to take your next big step.

Key Takeaways:

Katie’s journey from child labor on construction sites to leading impactful development projects.
How to mitigate risks in CRE by diversifying tenant mixes and structuring deals creatively.
Insights into “developer for fee” services to guide small developers through their first projects.
Unlocking hidden value with historic tax credits, economic incentives, and seller financing.
The importance of due diligence, contingencies, and building a strong network.
Where to find free properties and how to negotiate with city councils.

Resources Mentioned:

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Transcript

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0:00.0	What's on, guys. Welcome into today show. We've got Katie Kim. This was a fun one. Katie is just full of energy, fast talking, knows her shit. And she's one of those individuals that their energy is
0:22.4	just infectious. So I know that you're going to get a lot of value out of today's episode.
0:27.7	We dug into all things development. She comes from a family business that played in the
0:33.5	construction and development industry. She got her start in the real estate industry and then
0:38.5	started transitioning over full time into construction and development and deal making. And she's
0:45.8	brilliant. She knows her stuff. And she went over a lot of things today that anybody who is looking
0:52.8	to build wealth in real estate, whether you
0:54.3	want to develop or not, were extremely valuable. Creative financing, deal structuring, all the
0:59.9	different stages and steps, timelines, costs that go into development, the ways of bringing
1:05.3	deals together, partnering. There were so many different cool topics that we were able to dive in on tax incentives,
1:12.0	grant programs, ways that are really value add information that can help you make a lot of money
1:19.7	if this is a path or a vehicle that you want to go down yourself. Or if you're just thinking
1:23.8	about investing passably in, you know, development deals or syndication
1:27.5	deals, some great things to think about to help you feel a little bit more confident and,
1:32.4	you know, sharp when it goes into making big investments in the real estate space. So I hope you
1:37.7	enjoyed today's episode. Be sure to check out the show notes with all the links, all the great
1:40.9	resources that she's got available for you. And let's dig in today with Katie Kim. Let's take a quick break in here from today's show sponsor. If you got into real
1:51.0	estate to build wealth and gain financial freedom, but unlike most investors, you're just
1:55.6	stuck in the grind. Maybe you're wholesaling or flipping houses, you're managing rentals that are
1:59.5	barely cash flowing. Then listen up. I've been there. Burnt out, stressed out, you name it, right? Realizing that
2:04.9	single family and scaling single family real estate, it's slow. It's exhausting and oftentimes
2:10.8	it just doesn't move the needle financially in the way that you want it to. But the good news is
	...

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