10/25/2019
Commonly Asked Questions About Real Estate Development | Max Grelier | Professional Overview
a Commonly Asked Questions About Real Estate Development by Max Grelier | Oct 6, 2019 | Real Estate Development
If you have decided to pursue the real estate development industry, you most likely have a lot of questions. This is incredibly understandable! After all, you want to make sure that real estate development is the right path for you. Today, we will address and answer a few of the most commonly-asked questions about real estate development and provide some insight into the industry. What does a real estate developer do on a day-to-day basis? The schedule of a real estate developer is quite busy and full. They have a number of responsibilities that they balance every day. A few of their duties are more hands-on such as scouting for land for future projects and renovating existing buildings. Other duties will fall in the business category like negotiating deals, overseeing projects, and obtaining permits. maxgrelier.com/commonly-asked-questions-about-real-estate-development/
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10/25/2019
Commonly Asked Questions About Real Estate Development | Max Grelier | Professional Overview
This job won’t be like a typical desk job. You will constantly be faced with new situations that will challenge you. As long as you are up for a challenge, the job can be pretty thrilling! What kind of experience do you need? While there is no exact path for a real estate developer, there are certain professions that transition well. A career in real estate, construction, urban planning, law, or nance are all helpful when pursuing this profession. Regardless of what profession you are migrating from, you should plan on getting your real estate license. It’s can also be helpful to have a bachelor’s degree in a related feel such as real estate, business, or nance. To be a real estate developer do you need a lot of capital to start? Capital is necessary to get started into real estate development, but you don’t necessarily have it all saved up yourself. Real estate developers often fund their projects with an investor or a bank loan. If it’s your rst time receiving nancing for a real estate project, you will have to create and present a business plan to investors or lenders. What are the steps to get started? After you have decided to pursue real estate development, you will want to do your research and nd a niche. The next step is building a team that you can rely on. Your team will be composed of real estate agents to lawyers to architects and more! With a niche and team established you will then want to nd an investor or arrange for nancing. At this time you will also want to set a deadline. Make sure that you take into account any potential challenges. You will want to have enough wiggle room. With your project underway, the last thing you will want to do is get the word out! Make the community excited for your next project and get in touch with the press.
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