If you had significant experience with commercial real estate development, you may be able to find a number of investors willing to front you. However, you mention getting started which implies no experience. With no cash and no experience, you are not bringing enough to the table other than your desire and ambition. Unfortunately, that is not enough for most investors.

http://www.navigatorpf.com/Current_Topics/Financial_Modelling_for_Project_Finance/Flexible_timing_infrastructure_in_a_project_finance_model/

One often overlooked property of a financial model is that it has to give confidence to third parties, including lenders and investors, about the project. To achieve this, using best-practise standards are always an easy way to go.

For more detailed tips, have a look at the following site which give you a list of some very common mistakes.

http://www.navigatorpf.com/Current_Topics/Financial_Modelling_for_Project_Finance/Project_Finance_Modelling%3A_Top_ten_mistakes/

Hope it helps and makes you project more successful!

Our planning process wasn’t accurate for the first developent. We have gotten a lot better with our follow on projects. The key is to:

1) Identify all the potential costs for a project.
2) Test your assumptions on those costs prior to committing significant dollars.

You are going to have to continue to follow the blog to see how this development turned out, but we did ok.

Welcome to the 19th edition of the Carnival of Making REAL Money. We were pleased to whittle the 136 submissions down to a little over twenty, and provide you with the best articles in the blogging world. As a courtesy to our authors, please visit thei…