Whats the best way to become a commercial real estate developer?
Posted on January 16th, 2010 in Renting & Real Estate | 6 Comments »
NotoFroto asked:
I am currently a student at Western Michigan University majoring in Business (finance) (with an emphasis on real estate) and public law.
I am studying for the LSATs now. (so that I might go into real estate law)
Is this the best way to get where i want to go?
What alternative career advice would you recommend for someone like me?
Thanks a ton
6 Responses
Torrance movies
The best way is to get a job with a real estate development company & learn the business.
Jacksonville Beach FL Real Estate
I agree.
Flathead Lake MT Real Estate
Work for one for a while to learn and get on the job training. See if this is what you want, if not you may find something related in this field.
Wood-Ridge NJ Real Estate
My kids went to WMU – good school. I work for a residential builder/developer as a bookkeeper. Unless you have a huge wallet, IT IS VERY EXPENSIVE TO DEVELOP PROPERTIES. You have to deal with the government entities and they can take forever to approve a building plan as well as the underground and all the things that are needed to develop vacant land. In the meantime, you pay interest on the loans you took to develop the property and the rates are not usually fixed. Especially now with real estate on the downturn, it is increasing difficult to sell projects. I would buy a single lot or lots already developed and build that way.
I think you should study and pass the builders exam for Michigan or whatever state you think you will practice, with the law degree will only enhance that real estate emphasis. Good luck!
Frederick Real Estate
Other than gaining a formal eduction on commercial realestate you might want to educate yourself a little bit about various commercial real estate process.
Also, commercial real estate situation in various part of the state.
In my resource box I include a link to a website that has a lot of info focus on commercial estate. I found it very helpful.
Good luck
Malibu Real Estate
Get an internship with a development firm.
Law school is useful – my sister is in law school right now – and you could do both at the same time.