Choosing the Right Projects and Managing Risk in Land Development with Sean Myers
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Episode Overview
In this episode, Ryan sits down with Sean Myers, the managing director of Bright Leaf Properties and co-founder of Great Leaf Homes, to discuss his journey into the world of real estate development. Originally an English major with a career in advertising, Sean shares how a chance encounter with a home renovator sparked his interest in real estate and ultimately led him to land development. Starting out as a residential agent and flipping houses, Sean’s story highlights the power of pivoting towards what truly excites you.
Sean walks us through the world of land development, offering an inside look at the long and often complex process of entitling land for future projects. From zoning challenges to managing a team of experts, Sean explains how his career evolved from selling small homes to working on major development projects across Central Florida. With a focus on both Bright Leaf Properties and Great Leaf Homes, he discusses the balance between large-scale land development and the personal touch of homebuilding.
One of the key themes in the conversation is risk management in development. Sean emphasizes the importance of picking the right projects, learning to rely on experts, and navigating the sometimes daunting unknowns that come with large developments. His real-life experiences, from working on 7,000 lots before the financial crisis to developing new subdivisions, offer valuable lessons for those looking to enter the industry or expand their existing business.
Finally, Sean shares advice for aspiring developers, from the importance of networking to how to approach complicated projects. He also touches on the build-to-rent trend, explaining how it’s shaping the future of the housing market. Whether you’re a seasoned developer or just starting out, this episode is packed with practical insights into the world of land development and homebuilding.