Real estate

Rehabbing, Fix and Flip, Rental Properties
1

What are the steps you have to take to become a real estate developer

2

Hi,

Where do I start:

  1. Real expertise in real estate - including valuation, sales, marketing, analysis, location, amenities and design.

  2. Lot’s of Money - even a single family spec home can cost 20 to 40% out of pocket in the project.

  3. Construction experience - being able to understand and acknowledge the skills and trades that go into building a project.

  4. Contract Skills - ability to write contracts, scopes of work, process change orders, set up lien releases, settle contact differences, and final project.

  5. Schedule - Know how to set up and define a critical path schedule and have the skills to make it work.

  6. Financing connections - ability to find the right lender to work with to set up project financing and draw schedules for the project.

  7. Ability to meet the lenders management experience criteria - Got to have a lot of experience to convince a lender that you can manage there money in the construction project and make it a success.

Good luck,

              GR