16
Feb
How do I become a commercial real estate developer?
Author: admin // Category: Commercial Construction
Has anyone does this before? How complicated is it? I would like to start out small and build a small shopping center (less than 10 stores) and see how that goes. What I would really like is to own several of the stores there as franchises. Say, rent half the space, then the other half I would put in my papa johns, subway, or jimmy johns etc. How difficult is it to deal with the city since I am a newbie? Is there some sort of person or company that I can pay who will handle all the legal stuff with the city, construction team, and architect? I would prefer to just get involved with what I know…the day to day operation of the businesses. Do I really need to get all involved in all the legal junk, planning with the architect, and hiring the construction people too? I’m just one person, so what are some tips that can put less work on me and make this go a whole lot smoother? thanks!
By: Matt
About the Author:
By: Matt
About the Author:
February 18th, 2009 at 2:47 am
Create a video blog…instantly.
You need a lot of money and should probably have experience with a commercial real estate development firm. It will be hard to achieve financing without both.
February 18th, 2009 at 4:03 pm
Kansieo.com
i think u just need a LOT of money!
February 20th, 2009 at 7:37 pm
Kansieo.com
Unless you are rich – you will not be able to build the small shopping center for AT LEAST a good couple of years..
Start out on houses and work your way up….
And it’s always best to know a bit about what you are doing.. i was talking to a property developer who owns about £2 million in property…and he was saying he could of made money more quickly… if he knew how to do the physical stuff plastering walls, plumbing etc etc etc….
Otherwise people can and will rip you off….
I don’t know.. i’ve never done it but i’ve been looking into it a lot…….