Ep 213 - Breaking Ground: The Challenges and Rewards of Real Estate Development with Isaac Oswalt

Mike and E sit down with Isaac Oswalt, a key member of the seven-figure boardroom, to uncover the nuances of real estate development. They explore Isaac's Spillway Lodges project, a 36-key resort in Bel Air, Michigan, and differentiate between real estate developers and builders. Isaac provides practical guidance on starting in real estate development, highlights the importance of clear vision, financial planning, and strategic relationship-building, and underscores the significance of community engagement. The discussion covers the financial dynamics of development, early-stage steps like due diligence and feasibility studies, and strategies for influencer marketing and SEO to boost business growth. Listeners will gain invaluable insights into creating impactful community projects and building long-term wealth in real estate development.00:00 Introduction00:29 Meet Isaac Oswalt01:31 Isaac's Real Estate Journey02:14 The Spillway Lodges Project08:24 Development vs. Building11:34 The Role of a Developer13:51 Key Relationships in Development18:36 Navigating Local Government for Development20:03 Is Money a Barrier to Entry in Development?21:03 Steps to Secure and Develop Land22:23 The Importance of Patience and Capital in Development26:03 Balancing Active and Passive Income29:08 Introducing Spillway Lodges32:35 Marketing Strategies for Hospitality Projects35:41 Final Thoughts and Success SecretsIsaac Oswalt's BioIsaac Oswalt is a real estate developer of boutique resorts and workforce housing. He created a 36-unit boutique resort in Bellaire, Michigan, called Spillway Lodges. He owns a development, construction, and management firm—1983 Company. Based in West Michigan, they execute their business throughout the state and empower other current and future developers to create long-term assets within their own communities.Connect with Isaacwww.instagram.com/[email protected] with the HostsMichael Sjogren: Short Term Rental Secrets Facebook Group | Clubhouse | Instagram | Youtube | Facebook Page | Linkedinhttps://linktr.ee/mikesjogrenEmanuele Pani: Clubhouse | Instagram | Facebook | Linkedin