Episode #197
How to Become a Real Estate Developer (The Good, The Bad, & The Ugly)
🎙 Passive Cash Flow Podcast EP.197 | How to Become a Real Estate Developer (The Good, The Bad, & The Ugly) In this episode, we sit down with Aaron Yassin, an award-winning designer and the founder of Hive Developers. With over 20 years of experience blending fine art, architectural design, and real estate, Aaron shares his unique perspective on how "Design Drives Value" in ground-up residential developments across Brooklyn and New York City. Connect with Aaron Yassin: Website: designdrivesvalue.com LinkedIn: linkedin.com/in/aaronyassin --- 👤 About Aaron Yassin: Aaron Yassin is a design-driven real estate developer and founder of Hive Developers. Leveraging more than two decades of experience in fine art and architectural design, he specializes in ground-up residential construction across Brooklyn. Over his career, Aaron has closed well over 20 loans, won multiple prestigious design honors including an Architizer A+ award, and built a portfolio valued at over $10 million. --- 🎙️ About the Podcast: The Passive Cash Flow Podcast helps you build wealth through real estate investing, with insights from experienced investors, operators, and industry experts. --- If you got value from this episode: 👍 Like the video 📩 Share it with someone thinking about selling 🔔 Subscribe for more real estate content every week --- 🧠 Topics Covered: 00:00 Introduction and Welcome 01:18 Overview of Real Estate Development in NYC 01:54 How Aaron Yasin Got Started in Real Estate 04:16 First Major Development Project in Williamsburg, Brooklyn 05:48 How Design Drives Value in Real Estate 06:33 Balancing Underwriting, Operations, and Profitability 08:24 Creating a Unique Experience for the End User 10:06 Ground-Up Development: Strategy and Deal Structuring 12:10 The Underwriting Process: Hard Costs vs. Soft Costs 15:32 Building Crucial Industry Relationships 16:33 Managing Timeline and Approval Risks 17:26 Closing Strategies and "As-of-Right" Building 18:35 Navigating Demolition and Utilities in NYC 20:01 The Permitting Process: Foundation vs. Full Building Permits 21:54 Mitigating Construction Loan and Operational Risks 26:00 Strategies for Raising Capital and Dealing with Check Sizes 28:24 Structuring the Capital Stack: Bank Debt vs. Private Debt 29:53 Managing Cash Flow and the Construction Draw Requisition Process 33:47 Where to Connect with Aaron Yasin 35:00 Outro: Passive Cash Flow Podcast 📚 Enhance Your Investing Knowledge: Learn more at https://www.peoplescapitalgroup.com/ 🔗 Follow Us: 📘 Facebook: https://www.facebook.com/profile.php?id=100093318587146 📸 Instagram: https://www.instagram.com/real_estate_investments_nj/?hl=en 🐦 X: https://x.com/PCGrealestate 💼 LinkedIn: https://www.linkedin.com/company/peoples-capital-group ⚠️ Disclaimer: This is not a solicitation for funds, tax advice, or legal advice. This is not intended to be, and must not be construed to be in any form or manner a solicitation of investment funds or a securities offering. Peoples Capital Group LLC is NOT a United States Securities Dealer or Broker nor U. S. Investment Adviser is a Consultant/service provider and makes no warranties or representations as to the listener or viewer. All due diligence is the responsibility of the investor. Support the show
