Getting yourself into the world of multifamily development can seem daunting when you’re new to the industry..
It seems like most people with success in the field had some kind of connection or advantage that you might not be able to replicate.
You’ve heard of affordable housing development, but you’re not sure if it’s for you. As you continue in your development career, you will inevitably come across affordable housing as a specialty and have some degree of interest. How does affordable housing work, given that the projects seem to lose money on paper? The obvious answer […]
New trends are changing the face of real estate and have been for at least the past decade. Urban life has become increasingly desirable for workers that had previously commuted from further away and traffic has become increasingly unbearable in many of the United States’ major urban centers. The coming of the COVID-19 pandemic caused […]
One of the skills that separate the average real estate investors from the consistent high performers is the ability to find good deals. Most of these deals can come from your network of brokers and wholesalers or locating them directly yourself through off-market prospecting. An overlooked third way of finding deals is to create a […]
When you’re looking at a property that you intend to invest in, it’s important to look at the local zoning ordinance or codes to get an understanding of what can be built on the lot. Even if your intention is to own a property for longer periods of time, you would be foolish to turn […]
As a real estate developer, you’re going to have to confront politics whether you like it or not. I’ve seen deals that seem completely uncontroversial on paper descend into political bloodbaths with strong feelings on all sides. A funny anecdote I heard once was that the residents of Paris fervently opposed the construction of the […]
https://www.youtube.com/watch?v=ETRE7-SIyOQ When I first got started I was a little confused about what the difference was between commercial and residential real estate. Brokers that were considered “commercial” were selling fully residential apartment buildings with no retail or office involved. The truth is, there’s no hard and fast rules behind these definitions, so don’t feel confused […]
Developing condominiums is one of the strategies we employ to achieve high-level short term profits. This is a strategy that many beginner developers can use to get their feet wet and transition towards more complicated projects (see our 3 Effective High Level Development Strategies article for more information on more advanced strategies). There is a […]
As a developer and real estate investor, one of the first things you need to understand is the price per square foot sellout of comparable properties, or “comps” (or price per square meter if you are outside of the US) As a developer and real estate investor, one of the first things you need to […]
https://www.youtube.com/watch?v=Mn2qQEZj5dw In the world of real estate development, many deals may seem good on paper, but upon closer look end up being a potential waste of time and money. Over the years, we’ve analyzed thousands of deals. Whether you’re a real estate investor or developer, you’ll have to learn to say “no” to the majority […]