We are back to bring you a highly sought after interview and some powerful Q and A’s. Today we are interviewing Levar Clark, a self taught real estate entrepreneur from Philadelphia. Levar has been in the business since 2003 and today he is sharing how he got his start as a real estate entrepreneur and what he’s learned along the way. In an ever changing industry, Levar’s insight into his community and the market has helped him build a successful career and six figure net worth. Tune in today as we talk about land banking, zoning, and community support a...
We are back to bring you a highly sought after interview and some powerful Q and A’s. Today we are interviewing Levar Clark, a self taught real estate entrepreneur from Philadelphia. Levar has been in the business since 2003 and today he is sharing how he got his start as a real estate entrepreneur and what he’s learned along the way. In an ever changing industry, Levar’s insight into his community and the market has helped him build a successful career and six figure net worth. Tune in today as we talk about land banking, zoning, and community support and lay it all out on the table.
In This Episode:
- [02:42] Insight into how Levar got his start in the real estate world.
- [03:40] Success in the real estate business is not determined by the number of units you own, and here’s why.
- [08:19] Levar shares some advice for new investors based on his experience.
- [09:43] How Levar turned $41,000 into $40-50 million under management.
- [13:00] Levar uses the “homeowner’s aspect” and market fluctuations to choose which neighborhood to purchase properties in.
- [15:07] When should you buy or build condos? When should you not?
- [16:22] The pros and cons of selling a developed property or renting out a developed property.
- [21:12] The only thing you can really control in the real estate business.
- [22:41] How Levar approaches investing in commercial spaces.
- [27:55] Levar’s biggest project that he’s developed to date.
- [29:06] How Levar plans and prepares for zoning.
- [37:32] Why it’s important to seek a community’s support for your projects.
- [47:09] Levar breaks down how to determine the number of units you can get on a parcel.
- [57:49] Stop using social media to compare your projects with your competition.
Takeaways:
- Investors need to understand what their end goal is before they can understand what they’re going to do when they first start.
- If you plan to be a larger developer, you have to be active in the community and develop relationships with your local political leaders and policy makers.
- Land banking, purchasing multiple lots a few years before development begins, helped Levar get ahead of his competitors, especially in today’s high market.
- When you are ready to invest, make sure to stick to your buying criterias instead of making your decisions based on the status of the market.
Links:
Levar’s Instagram - https://www.instagram.com/bearrei_/
Nicole’s Freebie - www.therealestatejawn.com
Guest Bio:
Levar Clark is a self taught real estate agent that has built his net worth from $41,000 to one million dollars using market fluctuations, his intuition, and seeking his community’s needs. Over the last 12 years, Levar has gone from buying and developing single units from sheriff sales, to multi-unit properties. Today he is opening up and sharing his knowledge and advice for new investors. Tune into today’s episode for his insider knowledge!
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