What is the most efficient way to become a real estate developer?
Posted on November 14th, 2009 in Renting & Real Estate | 3 Comments »
D S asked:
I am a recent graduate of a top ten law school. I withdrew myself from being considered at BIGLAW firm, and have been trying to get into real estate development. I am studying for the bar now, but was wondering if an MS in Real Estate Development would be worth the money. I will have close to 500k to start investing; however, this is all of the money that I have, so I don't want to blow it.
Federal Hill Baltimore Real Estate
I am a recent graduate of a top ten law school. I withdrew myself from being considered at BIGLAW firm, and have been trying to get into real estate development. I am studying for the bar now, but was wondering if an MS in Real Estate Development would be worth the money. I will have close to 500k to start investing; however, this is all of the money that I have, so I don't want to blow it.
Federal Hill Baltimore Real Estate
3 Responses
Real Estate for sale byowner
The MS is not necessary, helpful, but not necessary.
Start first by assembling a team: You’ll need an experienced lawyer, a hungry Realtor, a creative and pragmatic architect, and a competent and experienced builder.
Developing is a BIG deal and your 500k can go very quickly. You may consider partnering with an experienced developer as an investor on a project. This would be the ideal way to learn the ropes while limiting your liability.
I’m a Realtor in Denver, CO. If you’d like to discuss further, contact me via my website:
Hope this is helpful…
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In what part of the country do you reside? I don’t know about curriculum in the MS RE Develoment program, but I think you are better off with “hands-on” learning. Go team up with some developer, but keep your money safe and liquid until you can anser for yourself where you should invest it in a RE project. Too, invest it in ways where you still maintain liquidity.
I have years of experience working for and with developers and doing my own small scale development. I have a cousin with CPA/JD who has development company on east coast with HQ in Anapolis. If you would like to talk to me or them shoot me an email. Also, if you want a commercial or residential mortgage, I will give you the free advice and analysis and if not among the best value around, I will refer you to someone else.
Naples Florida
New Homes in San Antonio
You should build properties in areas that are showing growth. If you buy anything right now you need to buy it right because so many people are worried about the market. You could also make a lot of money doing hard money loans. Contact your local reia and you could lend out the 500k at an outrageous rate and get point in the begining and end of the loan.