EP32: Mastering Land Development and Construction: Secrets to Success with Charles Covey

Think Outside The Stocks

Have you ever wondered what secrets lie in the success of the high-stakes world of land development and ground-up construction? Join me and our guest, Charles Covey, from LandVest Capital. We take you behind the scenes of large-scale housing projects, revealing the impact of fluctuating interest rates on financing and the rewards of navigating this complex field. Embark on Charles's entrepreneurial journey, beginning in his youth, as he shares the critical role that uncapped earning potential and risk-taking played in his trajectory toward success. This conversation is a masterclass in due diligence and the importance of steadfast financial strategies for any professional aiming to expand their investment portfolio beyond the usual stock market arena. Charles also touches on his personal investment strategies, advocating for the power of networking and continuous innovation. Whether you're an active investor or just seeking a fresh perspective on achieving your goals, this episode promises a wealth of knowledge and encouragement to challenge the status quo.
Charles Covey has established himself as an expert in the construction and development industry with his vision, honed skill set, and successful collaborations. With 24 years of experience, he continues to bring profitable ventures to investors throughout the state of Texas. His construction industry knowledge began humbly at the age of 16, framing houses as a carpenter. Mr. Covey completed a degree in Economics from Texas A&M University and continued to make his mark in the construction industry ever since.
Connect with Charles:
Website www.landvest-capital.com and https://charles-covey.com/
Linkedin: Charles-covey
IG: Charlescovey

Episode highlights:
(3:10) Fun facts about Charles
(11:11) Land development & construction process
(16:29) Entitlement, risks, and mitigation
(20:07) How city planning affects Charles’ business
(26:11) Charles’ business strategy: vertical component
(29:08) Due diligence
(36:01) Outside-the-box thinking
(38:36) Rapid fire
(42:44) Outro
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