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How Sgaan Raised $14M in 2 Years: Discover the Secrets to Multifamily Development Success
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Discover how Sgaan Dutheil, a multifamily developer, raised $14 million over the past two years by targeting undervalued land and employing innovative de-risking strategies. In this episode, Sgaan breaks down his four key metrics, including securing 20% investor IRR and purchasing land 10-30% below market value. Learn how he scales development to 5,000 units, overcomes high interest rates, and builds a solid team. Whether you're new to real estate or an experienced investor, this episode offers actionable insights on raising capital and structuring deals.
Key Takeaways to Listen For:
- De-risk development with four key metrics: 20% investor IRR, buying 10-30% below market, conservative rent/revenue projections, and increased hard cost estimates.
- Combat high interest rates by negotiating long closes to reduce expensive land loan costs during entitlements.
- Structure capital raises in stages: offer higher returns (30-35%) during entitlement and lower returns (15-20%) during construction.
- Build credibility through books, strategic networking, social media, and partnerships with experienced developers.
- Scale faster by building a strong team and leveraging others’ expertise and networks.
About Tim Mai
Tim Mai is a real estate investor, fund manager, mentor, and founder of HERO Mastermind for REI coaches. He has helped many real estate investors and coaches become millionaires. Tim continues to help busy professionals earn income and build wealth through passive investing. He is also a creative marketer and promoter with incredible knowledge and experience, which he freely shares.
He has lifted himself from the aftermath of war, achieving technical expertise in computers, followed by investment success in real estate, management skills, and a lofty position among real estate educators and internet marketers. Tim is an industry leader who has acquired and exited well over $50 million worth of real estate and is currently an investor in over 2700 units of multifamily apartments.
Connect with Tim
- Website: Capital Raising Party
- Facebook: Tim Mai | Capital Raising Nation
- Instagram: @timmaicom
- Twitter: @timmai
- LinkedIn: Tim Mai
- YouTube: Tim Mai
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