New post Essential Bali travel tips: things to know Read More

Shaun Benderson’s Top Tips On Becoming A Real Estate Developer

2 Mins read

A lot of people would like to become a real estate developer. In fact, whenever Shaun Benderson tells people this is what he does, they immediately want to know how they can get into it as well. This is mainly because the field of real estate development features people who are constantly on the news. People like Donald Trump, for instance, managed real estate development projects and they made billions of dollars in the process. Today, there are even undergraduate and graduate degrees in this field, including at universities in Phoenix and in Sarasota.

Shaun Benderson's Top Tips On Becoming A Real Estate Developer

Shaun Benderson on How to Get into the Market

Because real estate development is so popular nowadays, it is becoming more difficult to get into it as well. Some people are propelled to the top because they spotted a scoop, for instance on a commercial retail property in Tampa Bay, but you cannot organize your life around hoping to strike it lucky. Instead, you have to demonstrate that you are the type of person that can convince others that something that doesn’t exist yet will have fantastic value in the future. You have to be able to find land, buy it at a great price, hold it, and physically develop it.

One of the key issues with real estate development, however, is that it is a multimillion-dollar industry. Very few individuals, therefore, can truly become developers. Instead, they have to work for full development companies or trusts. If you are happy to do so, then the following tips may be of benefit to you:

  1. Make sure you know what your interests are. The field of real estate is very wide, spanning commercial and residential sectors, and various subsectors within that. It is recommended that you specialize in one of those areas. Additionally, you should consider which trade is most of the interest for you. You could be a buyer, but also a clerical work, an accountant, a lawyer, a geologist, an architect, a negotiator, and so on. If your aim is to get your foot in the door with a real estate development firm, you don’t have to start there as a developer, after all. In fact, you might find it much easier to get in with a different area of focus.
  2. Get the right training. If you want to make it big in the world of real estate development, you need a lot of knowledge. Make sure, therefore, that the degree you obtain is in some way relevant to real estate, or that you take elective courses that focus specifically on real estate.
  3. Have some financial backing, particularly if you want to become a personal developer. A lot of money is involved in these transactions and if you have not yet been able to secure the trust of investors, you are unlikely to get very far.
  4. Go job hunting. Remember that everybody has to start somewhere, which may mean that you have to do something that you feel is below your personal skill level. A real estate developer always looks towards the future, and you need to do so on a personal level as well.
Related posts

Work-Life Harmony: Balancing Career Ambitions with Personal Wellbeing

4 Mins read
In our culture, the idea of grinding your life away seems like the only option. However, consistently putting your work first over…

Plum Money App - Is It Better Than The Others?

4 Mins read
There are many money apps out there that can help you manage your finances. If you are someone who struggles with their…

Mistakes To Avoid When Cutting Costs In A Business

5 Mins read
Cutting costs as a business is often necessary, however it’s absolutely vital that the costs are cut in the right places, otherwise…
Power your Day with

[mc4wp_form id="17"]

Useful articles only!