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Episode 206: Finding a Niche in Chicago New Construction Developments with Prashanth Mahakali and Fernando Lopez

Prashanth Mahakali returns to the SUCI Podcast (Episode 21) with his business partner Fernando Lopez to discuss all things related to New Construction Builds.

Prashanth and Fernando discuss the formation of their partnership and their complementary skill sets. They explain how they’ve made the new construction design and development business model profitable. They dive deep on the level of customization they offer and share challenges they’ve faced when dealing with buyers. The duo tells us what areas and neighborhoods they are bullish on and planning new developments in!

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02:12 Housing Provider Tip: Change door locks between turnovers!

05:25 Intro to our guests, Prashanth Mahakali and Fernando Lopez! 

07:36 Prashanth and Fernando discuss the formation of their partnership and their first deal together!

19:38 How to be profitable building new construction homes.

27:44 How custom are these new construction homes? 

33:53 Prashanth and Fernando share challenges they’ve faced!

43:24 Software and/or Practices for tracking buyer customization. 

44:55 What neighborhoods are Prashanth and Fernando focusing on?

51:38 The impact of interest rates on new construction home pricing.

53:03 What is Prashanth’s and Fernando's competitive advantage? 

54:07 One piece of advice for new investors.

55:19 What do you do for fun?

56:57 Good book, podcast, or self development activity that you would recommend? 

57:41 Local Network Recommendation?

58:33 How can the listeners learn more about you and provide value to you?

Guest Name: Prashanth Mahakali and Fernando Lopez

Guest Company: Real View Design & Development

Guest Link

Other Links for show notes:

SUCI Ep 21 (Prashanth's Last Episode)

Alex Hormozi AI Video

Indistractable (Book Recommendation)

Darpet (Doors and Trim Vendor)

Hillside Lumber (Lumber Vendor)