At this point in the life cycle in your new apartment development project, you need to select the type of construction lender appropriate to your situation, get ready to close our construction loan and begin building your apartment units. In this article, we will describe the general types of construction lenders. Pages: 8
As you build your career in real estate development, one thing will make itself clear, brilliant and effective project management, for yourself or by those on your team, is the most critical part of real estate development execution. Pages: 13
In my daily conversations and interactions online, I get the question almost daily of how to break into the real estate development business. Whether you are just deciding on your career, or are a seasoned veteran looking to make a move, this post was written to provide value in your efforts to build a career in the development business. Pages: 12
In a few recent conversations with different folks, it has come up how they are calculating financial performance on multi-family projects. I feel the need to write an article on this, since in many of these conversations folks were mixing the financial ratios up between rental and for-sale project types. Pages: 13
In this 2nd part, we’ll cover investment yield ratios that we utilize as a professional development company, to analyze the return characteristics to determine if a project is worthwhile in our initial underwriting, as well as, provide final financial return reporting on completed projects. Pages: 9
We are in a new era of knowledge work, where folks that I learn with call “IR4” or the 4th Industrial Revolution. What IR4 means and why it’s important, is that we are in the most technologically advanced and fastest moving marketplace in human history. All driven by the global use of computers to coordinate, cooperate, and — most critically — to compete on a global scale. This means that your competitor in India, China, Europe, is now competing with you in business. Pages: 13
In working on your real estate development project, you will need to underwrite your land development costs, either for a stand alone land project, or in making assessments of the land component of your new construction apartment project. Below is a methodology for determining the cost of land development for any given project Pages: 9
In a previous article, we described the site selection and project programming process in a real estate development project. The next step in to check the zoning and see what you can build at that location. Pages: 11
In Part 1 of this series, we demonstrated how to research the zoning for your project. In this part 2, we’ll demonstrate how to check the zoning standards or as they are sometimes called development standards. These are the requirements and conditions for the development within that zoning designation. Pages: 11
As part of learning the real estate development business, the process of site selection and initial project programming (product selection, unit types, unit mix, unit yields, etc) will likely be one of the first things you come across as you build your career. It’s also part of the daily activity of any real estate development or homebuilding company, and the land acquisition team and manager, are on the front lines in this battle.
It’s 2020 and we are in the midst of the most significant economic turmoil in recent memory. With the virus related lockdown, the economic engine for the USA is significantly reduced. Pages: 22
In this article, we want to cover the basics of what a real estate developer does and how we make money Pages: 10
