Real Estate Development Tasks
Once we received our commitment letter from the bank, we had three major tasks to accomplish. We ran these tasks in parallel. They were:
Choosing our architect
Choosing our contractor
Picking our building lot
This post addresses how we chose our architect. Investigating all the architects currently working in the lake development we had targeted revealed […]
I remember when I landed my first job out of college. It was a good job with good pay. I thought I had it made. I was living away from my family in another state. Christmas was coming and I didn’t have any extra money for gifts and I just thought I would go down […]
Financial Plans Required
You always need to have a firm plan in place before you start a real estate development or investment. It is too easy to find out about a “great” deal and get committed before you actually run the numbers. You must know what you actually need to do to make a deal successful. […]
Real Estate Investing Equity Requirements
You need money to invest in commercial real estate. If you think you are going to make it with some no-money down type of deal, think again. It’s not going to happen. You are going to have to have skin in the game. Banks are going to typically want 20% to […]
Why Invest In Real Estate?
The decision to try my first real estate project was really driven by a desire to diversify. What investments I had were in either stocks or bonds. I wanted to invest some money in something that would still hold its value if the stock market tanked. Also, let’s face it. You wouldn’t […]
