How to Get Started in Real Estate Development

[pictoranimosity]

A Morgan Stanley survey revealed that 77% of US millionaire investors own real estate while 35% own a share of a Real Estate Investment Trust (REIT). Compared to other alternative assets, real estate is by far the category with the highest level of investment.

[stainedlaying]

Real estate investors do sometimes buy turnkey properties, but more often they develop properties. The appeal of real estate development is the potential for higher operating profits during ownership and larger capital gains upon sale.

[aldermansource]

Real estate investors do sometimes buy turnkey properties, but more often they develop properties. The appeal of real estate development is the potential for higher operating profits during ownership and larger capital gains upon sale.

When you’re developing real estate, you’re either building new structures, modifying existing ones, or generally improving any piece of real estate to increase its value.

[pictoranimosity]

As important, if not more so, as your formal education is your "on the ground" experience in the field. A background working in real estate, as an agent, broker, analyst, etc., will prepare you for being a developer- but other professional fields have their value as well. Careers in finance, sales, construction, and many other related areas can all be relevant to success as a developer.

[Paulojimmathew]

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