Carson Hess was a mechanical engineer designing railway systems in major cities before turning to real estate. Using his skills, he started a company called Development AI, artificial intelligence to help identify underutilized properties and reduce entitlement risk.
He’s also house hacking and investing passively in ground-up construction.
What You’ll Learn In Today’s Episode:
- There’s no better way to get started with real estate investing than house-hacking, especially if you’re low on cash.
- Don’t over-renovate. You need to have a good sense of the market and what renters will actually pay for.
- Look for synergy and play to your strengths!
“I think where prop tech can really augment some individuals is in situations where maybe they don’t really have that deep market knowledge or deep industry connections.” – Carson Hess
Resources In Today’s Episode:
Books Mentioned In Today’s Podcast
- Zero to One by Peter Thiel
Enjoy the show? Use the Links Below to Subscribe:
Lee Ripma is a Los Angeles-based scientist-turned-real estate investor and entrepreneur....
What is loss to lease? If you’ve spent as much time around profit/loss statements as us, you’ve likely come...
Given the recent stock market volatility, many real estate investors wonder, “Are we headed into a recession?...
East Riverside SubmarketLocated just minutes from the Austin Central Business District, Oracle's new campus, and the...