Passive Cash Flow Podcast

How to Become a Real Estate Developer (The Good, The Bad, & The Ugly)

β€’ Aaron Fragnito, Aaron Yassin β€’ Season 1 β€’ Episode 197

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0:00 | 36:11

πŸŽ™ 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

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πŸ‘€ 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.

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 πŸŽ™οΈ 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.

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🧠 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 

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⚠️ 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.

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