How hard is real estate development?

Answer 1

Real Estate development is extremely hard without knowledge of real estate development. But then so is everything without knowledge.

With education all things are possible. You should attend some type of construction school to get a construction license. In California there are schools set up just to prepare you for the California Construction License so you can pass it.

If that is so in California I am sure that the same is true in other states. So check your local telephone book for construction schools in your area.

There are different type of construction licenses issued. One is a General Constructors license, so when you are speaking with the schools make sure you inquire as to the type license they offer.

Find out the cost to complete their course and take it from there.

You might also consider going to work as a apprentice for a person that is currently doing construction work.

Most construction people start small by renovating bath and kitchens and remodeling house before they step into real estate development.

These are the crawling steps in which you get to know the people to pull permits, who to see about getting inspections completed and generally just learning the ropes.

The next step is probably just buying lots and doing single family or duplexes in your local city. This will keep you in work for long periods of time as well as it is profitable.

Once you have completed a few of those if you want you could then move up to developing 2-4 homes on lots and continue to grow from there.

I hope this has been of some use to you, good luck.

"FIGHT ON"

Answer 2

There's well cash if you'll be able to promote and the contest isn't to dangerous. I are living in Orange County New York and appeared into getting a license however it sort of feels each different individual is into truly property. The process marketplace is over saturated right here. I'm going to check out automobile income. One huge competencies for automobile income you promote a automobile this week you receives a commission this week. Sell a condo this week and shutting could now not occur for a couple of weeks or months, then you definitely receives a commission.

Answer 3

If you don't have a background in real estate you will be eaten alive. You also should have some political connections and some knowledge of construction (not skill, just knowledge so you don't get screwed).