How to Build 32 Homes and 202 Apartments

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This interview with Justin Palmer and Terrell Hall, Co-Founders of PHD Homes, a real estate development company based in Shreveport, Louisiana was powerful!

Having originally started out as competitors, the pair soon realized that they had a shared vision and could easily complement each other’s strengths. Five years later, they began work on a development, a Shreveport neighborhood consisting of 32 homes and 202 apartments.

Listen in as Justin and Terrell break down the many moving parts that go into developing a neighborhood, the inspiring history behind the name “Toussaint & Dessalines Street”, and their best advice to aspiring entrepreneurs looking to get into real estate development.

Highlights

1) When selecting a partner, it’s best to choose someone who has different strengths and a different leadership style from yours. Two of the same people means double the problems, whereas different personalities and skills balance each other out.

2) A successful vertically-integrated company combines strategic partnerships with a solid in-house team. Collaborate only with those who share your vision and are at the top of the industry locally, and your company will very quickly have the best offerings in town.

3) If you want to get into this industry, educate yourself on the business of real estate development, understand how financing works, and save your capital. The other, equally important element is personal development to stay mentally strong in this challenging industry.

How to find them

Facebook – @phdhomesllc

Instagram- @terrelthebuilder @jpalmer318

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