21 - RE Development: Where $20M Is a “Small” Project with Clint Murphy

Nikonomics - The Economics of Small Business

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Join me, Nik (https://x.com/CoFoundersNik), as I interview Clint Murphy (https://x.com/Iamclintmurphy), a high-profile influencer and CPA turned home builder. Clint shares his incredible journey from working at KPMG to becoming a CFO at a top real estate developer in Western Canada, and now stepping out on his own as an entrepreneur in home building.
Discover why Clint chose home building, dive into the economic dynamics of residential real estate development, and learn about the regulatory and capital challenges involved. We also explore the business model of home building, the gearing of capital structures, and Clint's future goals for his new venture. The episode wraps up with Clint discussing his passion for copywriting and the crucial role of building investor trust through effective communication.

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This week we covered:

01:45 Clint's Journey into Home Building

06:58 The Challenges of Real Estate Development

10:54 Navigating Capital and Partnerships

18:35 Scaling Up: Project Sizes and Revenue

20:04 Understanding Real Estate Sales and Closings

20:43 Deposits and Financing Strategies

25:26 Sales Process and Marketing Tactics

29:29 Financial Engineering and Profit Margins

33:05 Goals and Future Plans

34:56 Rapid Fire Questions and Closing Thoughts

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