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Welcome to The Legacy Wealth Podcast where we help accredited business owners become educated & get access to, private investments that the wealthiest investors in the world utilize to grow their net worth. We do this by providing insight & access to successful fund managers & investors across multiple asset classes.
I’m your host, Pascal Wagner, and today we are interviewing Ray Mazzie w/ Southern Waters Capital , and we'll diving into:
- The security of property rights and the role of land development.
- The process of zoning and entitlements in land development.
- And Investors in land development deals provide funds for income generation.
Links from this episode:
- If you're looking for highly vetted opportunities to invest in, get access to our deal database of alternative investments & join our investor club at www.getfundbase.com.
- Watch the show on YouTube here: https://youtu.be/4o6PRE5T7d4
Links from our Guest:
- https://www.linkedin.com/in/raymazzie/
- https://www.linkedin.com/company/southern-waters-capital/
- https://www.southernwaterscapital.com/
Time Stamps:
00:40 - Intro
01:00 - About Ray and his company, Southern Waters Capital
03:00 - The value of land and the importance of location, purchase price, and having a balance sheet
04:30 - The security of property rights and the role of land development.
05:00 - Discussion of different asset classes built on land, including build-to-rent, manufactured housing, and traditional multifamily.
06:00 - Explanation of the role of Southern Waters Capital as a developer and their involvement in various types of housing projects.
08:12- The process of developing lots for home builders and the benefits of working on master plan land.
10:00 - Understanding of investors' and consumers' needs at different stages of the value chain.
11:00 - The process of zoning and entitlements in land development.
12:00 - Cities and counties decide how they want the jurisdiction to grow.
14:00 - Land use and zoning affect density, setbacks, and height restrictions
15:45 - Investors look for cash flow, tax benefits, equity growth, or a combination of all three.
16:12 - Investors in land development deals provide funds for income generation.
19:31 - Negotiating with a large developer resulted in a land lift and additional capital allocation.
21:15 - The equity appreciation in land development is a long-term process.
22:00 - Land development is a get-rich-slow game.
23:30 - Exploring the appeal of land entitlement as an investment.
25:00 - Land entitlement investments typically last 12 to 18 months.
26:00 - Contributing land to the partnership at a higher valuation than the purchase price.
27:00 - Discussion about staying invested for future benefits.
28:30 - Importance of conducting due diligence to identify potential issues.
29:30 - Potential environmental issues and the need for assessments.
30:30 - Considerations for water management and avoiding flood plain issues.
31:30 - Need for comprehensive expertise and consulting professionals.
32:15 - Acknowledgment that anything and everything can go wrong in land investments.
34:00 - Timing considerations for capital markets and political gain.
35:00 - Importance of surveying, zoning, and engineering assessments.
37:00 - Completion of zoning, land use, and environmental assessments before involving investors.
37:58 - Ray explains that most land developers take the initial risk.
39:32 - Ray highlights the rare opportunity to get involved in their deals at an early stage.
41:31 - Ray emphasizes the tangible and controlled nature of land as an asset.
42:54 - Ray talks about the current and future performance of land entitlement.
45:08 - Ray discusses a specific project they're selling off for profit while retaining entitled land.
46:15 - Ray's background in law and working for Governor Scott.
47:32 - Dean Myro's experience in capital markets and project finance.
49:00 - Ray mentions a project in Hudson, Florida that he had to let go due to time constraints.
50:00 - Ray's experience with gopher tortoise surveys and the cost of removing them.
51:32 - Ray discusses the cost and challenges of creating a gopher tortoise sanctuary.
52:05 - Ray advises thorough research and consultation with experts before making investments.
54:19 - Ray discusses the changing flood elevation during a project, causing significant delays and costs.
55:32 - The need for thorough due diligence and official documentation to prevent issues like changing flood elevations.
56:55 - The importance of investing in real assets and the fundamental drivers of value in the Sunbelt region
01:03:00 - Outro
I’m your host, Pascal Wagner, and today we are interviewing Ray Mazzie w/ Southern Waters Capital , and we'll diving into:
- The security of property rights and the role of land development.
- The process of zoning and entitlements in land development.
- And Investors in land development deals provide funds for income generation.
Links from this episode:
- If you're looking for highly vetted opportunities to invest in, get access to our deal database of alternative investments & join our investor club at www.getfundbase.com.
- Watch the show on YouTube here: https://youtu.be/4o6PRE5T7d4
Links from our Guest:
- https://www.linkedin.com/in/raymazzie/
- https://www.linkedin.com/company/southern-waters-capital/
- https://www.southernwaterscapital.com/
Time Stamps:
00:40 - Intro
01:00 - About Ray and his company, Southern Waters Capital
03:00 - The value of land and the importance of location, purchase price, and having a balance sheet
04:30 - The security of property rights and the role of land development.
05:00 - Discussion of different asset classes built on land, including build-to-rent, manufactured housing, and traditional multifamily.
06:00 - Explanation of the role of Southern Waters Capital as a developer and their involvement in various types of housing projects.
08:12- The process of developing lots for home builders and the benefits of working on master plan land.
10:00 - Understanding of investors' and consumers' needs at different stages of the value chain.
11:00 - The process of zoning and entitlements in land development.
12:00 - Cities and counties decide how they want the jurisdiction to grow.
14:00 - Land use and zoning affect density, setbacks, and height restrictions
15:45 - Investors look for cash flow, tax benefits, equity growth, or a combination of all three.
16:12 - Investors in land development deals provide funds for income generation.
19:31 - Negotiating with a large developer resulted in a land lift and additional capital allocation.
21:15 - The equity appreciation in land development is a long-term process.
22:00 - Land development is a get-rich-slow game.
23:30 - Exploring the appeal of land entitlement as an investment.
25:00 - Land entitlement investments typically last 12 to 18 months.
26:00 - Contributing land to the partnership at a higher valuation than the purchase price.
27:00 - Discussion about staying invested for future benefits.
28:30 - Importance of conducting due diligence to identify potential issues.
29:30 - Potential environmental issues and the need for assessments.
30:30 - Considerations for water management and avoiding flood plain issues.
31:30 - Need for comprehensive expertise and consulting professionals.
32:15 - Acknowledgment that anything and everything can go wrong in land investments.
34:00 - Timing considerations for capital markets and political gain.
35:00 - Importance of surveying, zoning, and engineering assessments.
37:00 - Completion of zoning, land use, and environmental assessments before involving investors.
37:58 - Ray explains that most land developers take the initial risk.
39:32 - Ray highlights the rare opportunity to get involved in their deals at an early stage.
41:31 - Ray emphasizes the tangible and controlled nature of land as an asset.
42:54 - Ray talks about the current and future performance of land entitlement.
45:08 - Ray discusses a specific project they're selling off for profit while retaining entitled land.
46:15 - Ray's background in law and working for Governor Scott.
47:32 - Dean Myro's experience in capital markets and project finance.
49:00 - Ray mentions a project in Hudson, Florida that he had to let go due to time constraints.
50:00 - Ray's experience with gopher tortoise surveys and the cost of removing them.
51:32 - Ray discusses the cost and challenges of creating a gopher tortoise sanctuary.
52:05 - Ray advises thorough research and consultation with experts before making investments.
54:19 - Ray discusses the changing flood elevation during a project, causing significant delays and costs.
55:32 - The need for thorough due diligence and official documentation to prevent issues like changing flood elevations.
56:55 - The importance of investing in real assets and the fundamental drivers of value in the Sunbelt region
01:03:00 - Outro
Creators & Guests
What is Grow Your Cashflow Podcast?
Welcome to Grow Your Cashflow Podcast where we help accredited investors learn how to earn consistent monthly passive income from private placements.
If you're uncertain about where to invest for dependable returns, have limited access to exclusive opportunities like private placements, or are looking for expert insights and guidance on generating consistent income across various asset classes, then this show is tailored just for you.
By listening to this show, you'll achieve your passive income goals faster by learning:
🚀 Proven strategies to secure monthly passive income.
💡 Expert insights from successful fund managers and investors.
🌐 How to access exclusive opportunities in private placements.
📈 Techniques to diversify across multiple asset classes for a robust portfolio.
💰 The well-guarded secrets of wealth accumulation used by the world's elite.
Try listening to our most popular episodes on your favorite podcasting platform or on YouTube. We look forward to you joining our community of investors. You’ll be one step closer to growing your cashflow!