Land Development & Multifamily Investing: How Andre Erving Structures Bigger Deals

Andre Erving (00:00)
The reason I do not put earnest money down is because it is a slapping our face. I feel like it is a big slapping our face. We know we have the money, we know we have millions. There is no reason for me to prove to you that I have it. Now that’s something that you prove to your investors, the people are gonna actually help you, blase blase. But the sellers, I’m not putting no earnest money down, no feasibility money down at all.

Dylan Silver (01:53)
Hey folks, welcome back to the show. Today we’re joined by Andre Erving, an investor in North Texas and Miami, focused on land development, multifamily as well as adaptive reuse. Andre, thanks for taking the time here today.

Andre Erving (02:10)
Thank you so much, Dylan, for the offer. I am welcome and honored to be on your show. I like what you’re doing.

Dylan Silver (02:16)
Great to have you, and it’s a privilege to have you on the show here. When we talk about land acquisitions, and the name of your company is Elite Land Acquisitions, so let’s start there, right? There’s so many different ways to structure these deals, to exit these deals, and an approach to have. And we were talking about some of this in the green room. When you’re looking at deals these days that are coming across your desk, what are you particularly passionate about and what catches your eye these days?

Andre Erving (02:47)
What really catches my eye is like for example, I just give you my buy box. Like my buy box when it comes to land is anything between five through about a hundred acres. So there’s different categories and things you could do with those amount of acres. So let’s give an example. So starting at about 20 acres, depending on what it’s zoned, you know, it’s gonna be something like recreational, like light industrial or heavy industrial, or just regular label industrial. And that’s just for the twenty-two acres. Now, if you do come across twenty-two acres and it is single family zone, you know, I’m pretty I’m pretty sure there’s a million

Different things you can think about that you can do with it, you know, when it comes to houses. But that’s not more so my thing. You know, I don’t want to build single family houses. You know, I’m more so about helping the community and making a big impact. So, you know, if I can invest into multi-family, you know, I’m able to touch more lives. I started off with Airbnb, my junior year of college when I was going to Alabama A&M. I was just a regular broke college student. in Airbnb, my apartment, then my first payment. I went to go stay in a hotel. It probably was for something small, like $225. But

Me being me, I’m grateful and I’m always blessed. You know, when I see something work, I’m like, I’m gonna keep doing it. Then me being humble and grateful, God put another opportunity in my hands. And an IT guy booked my one bedroom unit for like nine months and it totaled out to about 20,000. So that’s how I got started with like the real estate. You know, Airbnb is just a different form of real estate. I’m pretty sure you about Airbnb arbitrage, et cetera. So yeah, that’s just one thing and then one way how I got started when it comes to that.

Dylan Silver (04:20)
Now when we talk about an origin story, talk about one way to absolutely bootstrap it. So you had your apartment and you put it on Airbnb.

Andre Erving (05:17)
Yeah, yeah. And I always told myself, because I I was always been a type of guy. I was never like a car guy. I always been a fan of like nice apartments, like luxury apartments. Like, you know, I had a penthouse when I was at twenty-three. I had a penthouse when I was twenty-three. And I told myself when I got back from Los Angeles, I say, I am going to Airbnb this career but make a lot of money. So when I first started with that.

Specific unit, the penthouse, it was maybe like $1400 a month. It’s actually a good price, too. You know, anybody know about Huntsville, Alabama? It’s big on the rental game and colleges, etc. So, my first time trying to Airbnb the penthouse. I think me just being inexperienced, I wanted some pictures that looked good, so I use the display pictures for my apartment instead of taking my own pictures. So Airbnb had flagged my account, basically saying, like, okay, Airbnb police is looking at this, and it just looks like you’re creating a fake listing.

You know there’s a lot of fraudsters out here but that wasn’t really the case so eight months go past I give me another apartment because I was doing month by month on that one just because I’m was a college student and I move around a lot so my next apartment that was the one that I ended up really Airbnb and that one did good like the the door was swinging and it was a blessing you know and I was and I was happy to able I was able to help it teaches you a lot of different things when it comes to the rental game so you know you may come across some

Somebody who has their money in order, or you may come across somebody that’s getting paid day by day, or they’re doing DoorDash and they need somewhere to stay. Like a couple of a couple of my clients were single mothers who was doing DoorDash every day. You know, they wanted to pay me the little fifty, seventy that I was charging per day because I wasn’t charging them much. Like I say, I was a broke college student, but I wasn’t really broke. You know, I was making investments, but I was broke. You get what I’m saying? I had enough to pay my rent, but I was thinking outside the box as well. So

Dylan Silver (07:02)
Hey, you know, there’s a lot of people who are in a lot of money who don’t feel well wealthy. There’s a new term out, HENRY, high earner, not rich yet. And there’s a lot of people that will fall into that that category. So when you would get a let’s look at like the first one. When you would get a booking, you mentioned going to hotel. I what was that like? I’m trying to think of what I would do in that situation. Now I’m like, okay, this is now a full business. I gotta get another apartment.

Andre Erving (07:27)
And that was that was honestly the goal. Like the goal was to give me another apartment you know, after I somebody books. But morally, I was saying, okay, it may be cheaper to just book a hotel or it may be cheaper to just go stay with a friend when somebody books. You know, you could just throw them maybe 20, 30 dollars to sleep on the couch until it’s back free. But if it gets to the point where it’s booked 10, 12 months, how mine ended up being booked, then yes, you do have to get another crib, and that’s how I ended up in Texas.

So I did not come to Texas on purpose. It was on accident. I was still in school, and somebody booked my Airbnb for 10, 12 months, and I came to Texas where my family was at because I told myself, you can have it, you need it, you’re doing IT, you treat it right. You get what I’m saying? So that’s really how that happened. It was the last two years from my life has all been on accident, but it’s been on purpose. Like, you know, I work hard towards anything I want, but you know, like the algorithm of success happening is kind of been on accident, and that’s when I knew I was destined.

Greatness for I’ve been knew it, I spoke it into existence, but like I, you know, it’s finally falling to place now.

Dylan Silver (08:29)
That’s a beautiful way to put it, you know, the algorithm of success. I tell people this, you know, you never really know how your journey will unfold. You talk about going from putting a rental on Airbnb, then it gets booked out, then it gets booked out for months, IT, right? You’re now in Texas, and if we fast forward to today, you’re in, you know, multifamily development, right? The development game is very, very, very different and challenging.

How did you get into development?

Andre Erving (09:02)
Just being hungry. Like you say, I started off a wholesaler. So when I told myself I’m selling my contracts for an extra 200,000 to these developers, I’m like, I want to be a developer. I can still do both. So when I seen what an actual developer was, is you know, you’re locking these lots under contract, you’re zoning them, or you’re making sure it’s the correct zone, and you’re seeing the vision for it. So if it’s a 22-acre lot of light industrial land and it has 16 plats, now you can see yourself having 16 warehouses or

You know, 16 trucking stops, you know, for that specific zone. So, you know, it just the people that is that are hungry and they think outside the box, real estate is gonna always be something that you can like if you start from the route that we did, you know, because it always leaves you curious. So, you know, we started off wholesalers, then we start up wanting more. So, you know, I know a couple guys that’s wholesaling and they only do wholesaling and land flipping, but that’s not the

Person I wanted to be. You know, I don’t land not saying nothing I’m not good at, but something that I didn’t start. And a lot of people, you know, they want to take something, the algorithm, algorithm of it, and make it look like they started it. That’s not what I’m on. You what I’m saying? I want to teach it, do good at it, and then upgrade to some more things, then that’s now that’s just what I’m on. But overall, like you say, I’m going to always have a wholesaling business when it comes to land, not houses. I don’t want to wholesale houses. The money is not, I mean, for one, let’s just, you know, I want to clear this up for everybody in the real estate world.

Fixing flips is not gonna be a lot of money. Like, you know, it’s just not because you have to look at the ARV and the amount of money that you are putting into it. Like the game is good to get started, but you know, I think it’s a different route that you can take to, you know, put your time into something else. Like me getting started, I didn’t start with fixing flips. I started with multifamily acquisitions. Like my first purchase was for one point one million dollars. You know what I’m saying? And that’s what it was for. So and it’s only gonna get bigger. And this was the smallest that I could get, you know, with my team that I

Know gathered up and they you they supported me and backed me by all this capital so that was the smallest that I could get like they I had other people willing to invest in me and blase blase but you know it would they only wanted one through five one through four multifamilies and that’s not what I’m on the money is not really that big and it’s like it’s not really like a real process with it. You know so I just didn’t like it. I don’t want to make money based off other comps in the area. You know I want to make money off that rent and increasing the rent increasing the rent and that’s all multifamily is.

Dylan Silver (11:56)
Speaking of increasing rent, you’re also involved in one of my favorite states and areas outside of Texas. You’re in Miami as well. how did Miami come about? I love I love South Florida.

Andre Erving (12:08)
Man. That was on accident. Like it was on accident. Honestly, like if we want to be frank, I would have gone towards LA to start because you know that’s just somewhere I always took trips to when I was a kid. I have family from Chicago down there. So LA is probably somewhere I would have chosen to go to. Miami came about just off the type of scenery and background that it has.

You know, it’s not just a state or area that’s filled with these horrible people that’s scamming and doing fraud and stuff. You know, it’s big real estate people out there, big investors, big PR teams. Like I just had a meeting with the PR team. You know, I’m not gonna say the name yet, you know, I could tell you off camera, but I just had a meeting with the PR team out there and you know, they want me to come on their TV show and just explain my story how we’re talking now. You know, I haven’t decided if I’m gonna do it yet because I really could just lock in with you and do it. You know, so that’s gonna be something I was gonna talk about too. But Miami,

It just came about just Miami is Miami, you know, just like Chicago. It’s one of them cities and states that’s real good on a lot of stuff, you know, rather it’s trucking, real estate, oil, minerals, mineral real estate. You know, you can invest up in stuff like that too. Like people think just because you buy a house with acres, you can just only, you know, fix and flip it. You know, you can get the mineral rights. Exactly. How you say you can get the mineral rights. And now you buying oil and you

You know, I I’m not sure about the legal process of that though. I’m just saying, you know, I just know that’s something you can’t do with the mineral rights. So Miami just came about just being Miami.

Dylan Silver (13:36)
You know, I love South Florida and I say I love it for so many reasons. You mentioned one of them that’s something goes underspoken to, which is there’s so many real estate operators, you know, high net worth people, but really real estate operators who are passionate about their business and building their portfolio and then also just adding value, adding tremendous value to their properties and the community as a whole. It seems almost like a chicken and the egg thing. Hey, was or is Florida a great

Place for real estate because there’s so many great real estate investors out there or is it great because you know they’ve got this location and then the people will go to it? You could say one, you know, six dozen and a half, half dozen in the other, right? And so when I look at you know where you’re operating out of, you know, Texas, North Texas, South Florida, but you also got a background in LA, when you’re looking at deals, do you have a preference, you know, where the next deal’s going? Are you looking more so in, you know, North Texas? Are you looking in

In South Florida or is it elsewhere?

Andre Erving (15:18)
I honestly, and this is just me emphasizing the seriousness of what I said when I said everything happened on accident, but it was on purpose. So, you know, like the algorithm of success, the fact that I started everything at the same time, everything comes to me at the same time from different ways. Like I forgot all about the 22 acres that I had under contract, and someone and someone was supposed to buy my contract for that for about 4.6 million. And

I forgot about that. I just got a call from a group about it yesterday. You get what I’m saying? So it’s just everything falls in place at the correct time. It just came from me working from different angles and me learning more things and different stuff popping up in my algorithm doing my research. And now I’m trying stuff. You have to be hungry because a lot of this stuff could pop up, you know, on your Facebook or your social media ads or in your email, or you may meet somebody who can change your life, but

If you’re not interested in the things that they’re talking about or you have any idea of what you want to do out of it, you know it’s gonna blow right past you. Like real estate is like a real hidden language. Like people only know about the typical ways building houses, fixing flips. Like there’s a few other things that you can do to get rich off of real estate or you know, just get your hands in the game. so and that’s one of the main things I wanted to, you know, bring to the podcast. So, you know, I’m not gonna lie to nobody and say you can start real estate with no money. You can start getting things in order with no money, but you know, you’re gonna need something.

And the structure that I have set up right now is, you know, anyone who wants to get started and you know, they hate they have just maybe a little capital, you maybe like twenty, thirty thousand, you know, I can structure it where you may only have to bring like ten thousand to the table, you know, I can get you the same one point one million dollar twelve unit complex that I have. So, you know, I’m not selling land, you know, I’m just I can be a mentor for some people that actually has capital. And then, you know, I can structure you in the right way where you could do what I did. You get what I’m saying? Every deal is gonna be different, you know.

I have a a different type of feeling with these investors and these lenders and people that trust me. So, you know, just off my word, I can help you. But you know, every deal is different though. But that’s just about the least that I can probably help somebody with.

Dylan Silver (17:20)
Let’s talk about that because you mentioned something that I think everyone has heard, you know, this idea that you can start real estate with no money down. I mean, it’s maybe possible in in certain circumstances, but it’s certainly I mean, challenging and certainly unlikely and it’s definitely more reasonable to get started with you know, ten thousand or a few ten thousand. And so if we look at even wholesale specifically, right?

People say you can get started with no money down, you need to have some consideration in place. And this became more apparent to me as it became a realtor. And I’m like, Yeah, I mean if someone’s just writing a a contract, unless they own a title company, you know, they need to have some consideration in there, some form of you know, earnest money deposit.

Andre Erving (18:02)
Yeah.

Keep going, keep going.

Dylan Silver (18:05)
And so

And so, you know, if you’re operating at scale, chances are you’re gonna have earnest money on multiple properties. And so sometimes you lose your earnest money, sometimes it gets held up, sometimes there’s issues. All this type of thing happens. I mean, you know it. I mean, I’m sure you’ve dealt with all these things, right?

Andre Erving (18:15)
Yeah.

No, real. That’s why it made me laugh though. You know, I’m just laughing at that because it is very smart and I could tell you been through stuff. It that’s why it made me laugh. But let me say this yeah, I do not put no earnest money down. Andre Erving, he is not putting no earnest money down. And you want to know why, Dylan?

Dylan Silver (18:42)
For that reason.

Andre Erving (18:43)
My reason is the reason I do not put earnest money down is because it is a slapping our face. I feel like it is a big slapping our face. We know we have the money, we know we have millions. There is no reason for me to prove to you that I have it. Now that’s something that you prove to your investors, the person you know the people are gonna actually help you, blase blase. But the sellers, I’m not putting no earnest money down, no feasibility money down at all.

And let me say this if you are wholesaling out there, most deals that don’t go through.

Is because earnest money was not put down and they want to use the specific TREC contract because and those are biased towards the buyers. That’s why I do not like them. So if you don’t have your own custom-made contract, you know, that’s legal, you know, just legible and makes sense and it’s fair to both parties, you would be using a TREC contract. And a TREC contract is biased. You know, you if you if you if you don’t do what you’re supposed to do in that feasibility period with your due diligence, you can lose 10, 20,000.

Hundred and ten thousand that’s supposed to be put down on the earnest. And I feel like that is a legal scam, which is okay. You know, that’s how that’s how the real estate games go. But I feel like that is a legal scam that I do not like. Earnest money is so irrelevant. now proof of funds is one thing. So these people will ask you for proof of funds and earnest money. That is so irrelevant. You get what I’m saying? Like if I’m coming to you and telling you I’m purchasing this within 14 days, one point one million, the only thing you should be worried about is if I’m a real person. You get what I’m saying? That’s the only thing you should be worried about is if I’m real.

Dylan Silver (20:09)
You raise a lot of great points. And people don’t always understand that those TREC contracts that you mentioned, you know, those were created by lawyers. People can hire people and have lawyers create new contracts. But when everyone is accustomed to seeing, and I’m sure you’ve seen this, no, Andre or no, you know, I want this on a TREC contract. It’s like, well we don’t use a TREC contract, we use this contract.

To question a TREC contract, right? But if you have your own contract. Yeah.

Andre Erving (20:41)
And they should question the TREC contracts because it’s like for one, let me put it like this. So a realtor or a broker will suggest a TREC contract, but they can’t even edit it. They can’t do a red line on it. They can only have the seller do it or the buyer do it. They can’t do anything to help you. They will tell you use a contract. When we use this TREC contract, hire a lawyer.

So off back, I should have just did that. You know, not to sound, you know, not professional, but that’s just off back what you should have did. You should have got a lawyer, had them create you a custom agreement, and then you go from there. It’s no reason to use a TREC contract when you can have all the same things and it’s more reasonable towards both parties. That’s what it is about with me. Being reasonable towards both parties. If you’re not being reasonable, you’re being an asshole or you’re just trying to win. And that’s our business goals. But that’s what my business is made up, made up off of. It’s about loyalty. You know, I’m not legally trying to slime somebody out.

That’s just not how I’m that’s not how I’m operating. When I know you legally could, like, but that’s not what I’m on.

Dylan Silver (21:37)
We I think there’s a way to have everybody win, right? I mean if you even if you talk about selling a distressed asset of any kind, you know, you can get a lump sum of cash, we can get the property for a discount, you can sell it quickly, everyone leaves happy. You know, that the ideal way that these situations go down. You know, you also mentioned the language of real estate, which is very interesting, right? Because you can have somebody who may you know, do a lot of deals and you have somebody else.

Andre Erving (22:05)
I just wanted to show you this real quick. I wanted to show you this real quick. this is how my one point one million dollar contract look. Like it barely even has a header. Let me see.

Because I put this on Instagram for my students yesterday. I’m trying to find a better way to show you. I could probably just have you share it. Look, let me see. I’m trying to get it to show, but it’s it looks bootlegged. It holds a lot of value. You know, it’s black and white. You know, it’s not pretty like a TREC contract, but it’s reasonable towards both parties. You get what I’m saying? So, you know, that’s what comes with my mentorship as well. You know, it’s gonna come with the contracts that you need. It’s gonna come with the scripts you need to say to these people so they can understand where you’re coming from. And they’re not just trying to jip you.

Dylan Silver (22:48)
When you mentioned mentorship, how long have you been involved, you know, with building, you know, a a community of mentees and with mentorship as a whole?

Andre Erving (22:58)
I’m honestly, I’m gonna I’m gonna be very frank. Since I’ve started to make my own money, like when I tell I’ve always been a leader, like that’s just how I am. You know, I’m the person that people look at, like, okay, he did it, I can too. Or if he did it, let me ask him. So since I started making a little bit of money, I’ve always had mentees. Like that’s what I built my whole name off of. You know, just me being this guy who understands business and you know, hegets finances. So, you know, that I have a big fan base and I’m blessed to have it. And I used to play baseball as well. So I got a lot of baseball homies who do like crypto and they’re in the cyber field and stuff like that now. So, you know, I’m not the only one who has like a good, you know, fan base or a group like that. You know, most people who operate like me do. You know, you did something good at life, you know, you put positive energy out, you’re gonna get positive energy back. And you I’m not innocent, you know, everybody does wrong. So, you know, overall that’s the main thing. You know, I put a lot of good out in this room, I’ve helped a lot of people.

You know the universe will pay you back in some ways you know whether it’s knowledge or you know physicals but I’d rather get the knowledge so I can do what I need to do. Go to school kid no matter if you can make a million dollars off of real estate still go to school. You know I’m not telling you to put yourself in debt you know find you a junior college that’s right by university.

Dylan Silver (24:00)
Amen to that.

Andre Erving (24:11)
You know, save you some money on them loans and go to school and have fun. And you can go to the university. You have you know it experience it. You know, and I definitely I encourage that to the youth, you know, go to school and have fun because I had a ball of Alabama A&Mf it wasn’t for Alabama A&M would not be where I’m at. Like you get what I’m saying. So I love Alabama A&M gotta give a big, a big, a big shout out to Normal’s Hill.

Dylan Silver (24:33)
Amen to that, man. You know, you mentioned also too the duality of you know speaking the lingo, but then also, you know, leading a normal life in in the community. This is kind of a hallmark of being a real estate operator because if you’re so detached from the community, then you start to be able to lose that kind of sixth sense of driving around and understanding the neighborhood, right? And so that’s one of the beautiful things about being a real estate operator is it’s not separating you.

From what’s happening in the day to day. You go from renter to landlord, then from landlord to developer, and from developer maybe even to lender, what have you, right?

Andre Erving (25:14)
Yep, exactly. So and

The fact that you’re able to speak from that aspect shows that you are very intelligent and I love that I’m able to talk to you. You know, this is the level that I wanted to get to. You know, I wanted to be able to kick it with more people who, you know, who’s on the same level as me. You know, they’re doing the same thing or, you know, I can learn from you, you can learn from me, yet along both. So, you know, I’m definitely, you know, happy I’m able to be on this podcast with you. But overall, yes, you know, you always stay invested. Don’t just be one of them people who only wants the money, you know. The universe will expose people like that. Not saying you is just to be a big post or it’d be on the news.

Like, hey, he only wants the money. But you know, the way your clientele is set up, you know, you have to stay in the game a little bit. So, you know, I definitely agree with it. You know, or even if you’re not staying in the game, you’re not gonna know how to underwrite these deals or you’re gonna always be paying somebody to do it. That’s only good if you have a main career that’s not this. So you know how I do cybersecurity as well. So if you don’t have time, you know, with real estate because you’re in cybersecurity, you rather just invest your money, then it’s different. But if this is something that you call yourself doing, you know, this is your lifestyle.

You get what I’m saying? So like real estate is a excuse me. Real estate is a lifestyle for sure. So, you know, I definitely encourage it. You know, I think everybody should start it. You know, do right. It teaches you discipline. It teaches you investing, it teaches you outcomes. so yeah, I mean, overall, yes, stay, stay invested in the game. Don’t just be for the money, you know, actually try to help people. I fell in love with, yeah, no question. I fell in love with it, you know, Airbnb and helping people, and then just came to something else. And Airbnb has money in it as well.

You know, it may be a little inconsistent. Like I didn’t know I was gonna make that twenty thousand. That’s the thing with real estate. You set yourself up to make a million or two hundred thousand, you know, rather than it’s just coming when it’s supposed to come. So that’s the main thing.

Dylan Silver (26:56)
You mentioned, you know, there being so many different ways to get into real estate, whether it’s short term rentals, development, even land, wholesale, single family wholesale. Then there’s the whole aspect of like arbitrage, which we touched at the beginning. There’s so many different ways to get into this. One of the biggest bottlenecks that I see podcast alumni deal with is capital and financing larger and larger projects. What does your capital stack look like these days when you’re looking at these multifamily development deals?

Thank you.

Andre Erving (27:29)
It just all depends. my first deal that was for one point one million. I had investors and lenders involved. So I was able to come to the table with one point one million with none of my equity put in it. So the only thing you’ll have to pay for is maybe the appraisal or

Know something like that. So that’s the structure that I was teaching earlier. And you know, I’m gonna get in di into detail on it, you know, with my mentees or the mentees that I gained from with you, you know, about it. You know, I’m gonna help you structure it the same way I did. So for your first two million or three million dollar project, you may only have to come to the table with appraisal money. You get what I’m saying? So you know that’s in in that in that’s something perfect. You know, most people are gonna try to tax you and you know take money from you or you know tell you invest

20,000, But it’s gonna be for their service charge fee, which is still understood. You know, but I actually want to see people win. You get what I’m saying? You know, I want to see you actually own your first multifamily how I do, you know. But do I want a mentorship fee? Of course, anybody will, but morally I wanna see you do good. Like I’m not charging you 10, 20,000. I may charge you a thousand just for mentorship fee, you know, just for my time, because I actually am helping you. I’m giving you my connect on who’s gonna actually front you the two million, you know. I’m giving you the lenders who’s gonna give you this. You can do the research yourself and go your own route.

Know but that’s what I’m here for. You I’m gonna give it to you step by step and I’m showing you the raw truth. Like no made up lifestyle, you know, no fake screenshots or anything like that. You know, this is really my living. You get what I’m saying. This is really my life. Like before I actually made money, I was broke maybe with a million dollar million dollars of a investments. And that’s fine. You get what I’m saying, as long as you are doing doing something with yourself. That’s not the same as being regular broke. You can’t find a job. You get what I’m saying? Yeah.

Dylan Silver (29:04)
Yeah,

Yeah. I there’s a difference between having real estate assets or having, you know, investments and not having a large disposable you know, cash balance that that you can deploy to buy another property and not having anything going for it a hundred percent. And there’s actually a lot of real estate investors that I know who have lots of properties and are still, broke at times and it’s interesting how that works, right? So have fifteen rental properties. Yeah,

Andre Erving (29:27)
And that’s how it’s supposed to be. Yeah.

Dylan Silver (29:30)
We are we are actually coming up on time here, Andre. Any new projects or activities that you’re working on these days, and then also anything you’d like to mention directly to our audience.

Andre Erving (29:41)
Yes, there’s a lot of projects. after this 12 unit is finally closed out, you know, maybe take a few more days, I’m gonna be going for something else. So, I’m gonna be getting some more apartments or I may get into townhomes. A big project that I wanna do is maybe like a BTR townhome community.

That’s something that I’m interested in doing. And then, that’s gonna be like my first project for like low-income individuals. I haven’t really tapped into low income. it’s just been me buying these value add acquisitions and then, you know, just you know, like luxury renovating it and you know, upgrading the rent. So morally, you know, I’m gonna do something helpful towards the multifamily acquisition as well. You know, I’m gonna do the BTR town homes for low income. So that’s gonna be my next project. And you know, that that may take like 10, 20 million to do.

It’s not that’s not an exact estimate, but you know, that’s just may what it be.

Dylan Silver (30:34)
Andre, thank you so much for your time today. Thanks for joining us here.