How to Be a Real Estate Developer – Investing in Real Estate

Want to know how to be a real estate developer? Take all the required courses in real estate and get your license to work in this field, and there you go. But what if you want to be more than just a developer? What if you want to learn how to be a very, very successful real estate developer? Well, it seems that that can only come with time, trial and error learning, and years of experience in the industry. But does it really have to be this way? Is there no other way to short-cut through all those years of experience?

There is one obvious way, and that is to learn how to be successful as a real estate developer through finding a mentor, or personal trainer in this same field of expertise. The only problem is that whenever we approach a veteran of the real estate world, we don’t get much in the line of answers. Those who have traveled the long and windy road to success, gaining inside knowledge and the wisdom that comes with experience aren’t all ready to spill their guts about their secrets to those who would simply become their toughest competition.

But here really are those out there who do wish to teach the inside know-how on how to be a successful, well learned real estate developer, and they do so without fear of competition. How do they do this, and where do we find them? The answer to both is through the internet. This kind of distance learning is a perfect way to learn from those who have acquired this wisdom, and for those learned ones to speak freely in educating us in these matters. Finding a personal trainer in this field is worth a gold mine, and with what you learn, you will find many other gold mines to be had in your real estate career.

How to Get Started in Real Estate Investing – Writing an Effective Real Estate Business Plan

An effective business plan, for most business, can help you think about the business and get to know it fully. It also helps you to strategically plan for the different aspects of the business. Such plans let the investor know what will be pursued as well as provide a clear road map for the management to follow.

Savvy investors always put together a business plan for each property investment. It is important therefore, that you take your time to plan each real estate investment you make.

In writing your plan, you have to identify the areas for improvement and the strategies for increasing the value of the property.

For first-time investors, it is important that you ask the following questions before writing your plan:

1 Why am I going into real estate business?
2 What challenges are involved in real estate? Can I handle them?

Taking time to answer the questions may prevent you from making costly mistakes which make this type of investment a disaster for many people.

Real estate investment comes with its own challenges and it is important that you know them and have a plan for resolving each of them. For most that are bringing in investors to look at your plan, the investors will want to see that you have experience in acquiring and managing real estate – strong enough to face the challenges involved. They want to know if you are emotionally and financially capable of handling tenants who do not pay and refuse to leave. They want to know if you are capable of handling the maintenance of the property and the contractors involved.

Strengths and competitive advantages are also points you should note though they are less important in real estate than in other businesses. You many want to talk to local brokers who know the market and can give sincere and honest advice.

What about insurance and tax reporting? You must be able to source for the right insurance coverage on your property. You must make sure all dues are paid in taxes and your accounts balanced. If you are not very good at this, you may consider getting if done through consulting.

Partnership is also an important issue in real estate investments. If you consider bringing in partners or investors, you have to look at securities law issues and investor communications. You must be ready to provide the reports and financials at intervals determined by the investors,or state laws. Most investors like to see quarterly financial reports.

Writing an effective real estate business plan, even when you know about the business, helps you to know it better. Put yourself in the investors’ shoes when writing your plan. Think about what they want to see and hear and address such.

Above all, writing an effective real estate plan requires getting all the available information you need in putting the business together.

Residential Real Estate Development – Keys to Success

Developing prime residential real estate takes research and planning. The first step in the development process is finding attractive property. The development group needs to select property that has unique natural amenities, or contains a specific terrain, this is beneficial and adds to the overall theme that a development group is establishing. Pivotal’s knowledge and experience in property selection has been proven by their development in the western region of the United States. Pivotal pinpoints growing areas around the US and begins planning residential developments. Finding lucrative property within these areas allows Pivotal to develop master planned communities that meet the high expectations of their residents. Pivotal has been successful developing residential areas in both downtown and suburban locations. The specific location of the property is not as important as what the property offers residents. There are many categories within the property that have to provide a balance making the property an ideal development opportunity.

Finding the ideal property and combining it with a pristine home builder facilitates Pivotal to provide attractive homes located on beautiful property. Pivotal has teamed up with award winning builders from all over the country to design and build homes within their master communities. Utilizing the expert construction knowledge of the builders along with the ingenious design of the architects allows Pivotal to create luxurious homes within their master communities. The builders who are contracted by Pivotal understand the high expectations that Pivotal demands, and the high quality product that Pivotal provides to its residents. Pinnacle Peak Place is a master planned community that Pivotal developed in Scottsdale, Arizona. Pivotal teamed up with Geoffrey H. Edmunds and Associates to design and construct the homes within the community. This partnership resulted in beautiful custom homes ranging from $1.5-3 million dollars. These types of results are what Pivotal uses to attract investors from all over the United States. The relationships with builders that Pivotal establishes and maintains allow them to replicate these results.

Adding legendary facilities completes the residential real estate development. Many of Pivotal’s master planned communities have spas and other retail sites located within them. These amenities add to the convenience that residential real estate developers are looking to provide for their residents. Signature golf courses and first class fitness facilities help complete the development process. Pivotal has teamed up with the best golf course designers in America to offer their residents a unique golfing experience. Jack Nicklaus designed the 18 hole championship course that Pivotal I built in their Cimarron Hills community. This kind of expert knowledge shows residents that they are receiving the best quality when they move into communities that Pivotal has developed.

Pivotal has helped transform residential real estate development from home building into community design. Pivotal developed communities are planned and designed taking into consideration the needs and expectations of potential residents. This allows the architects and designers the freedom to create master communities.