What is real estate development? Simply put, real estate development is all about procuring real estate i.e. land or buildings, etc., and then selling or leasing those properties –and everything in between. It’s quite a well-known fact that a job as a residential or industrial real estate developer can prove to be highly lucrative! So, if you’re inclined towards a profession in the field of real estate development, then here’s how you can go about it: The first step is to get the relevant educational background in place so that you can break into the field. This would involve getting a degree in business administration, finance, or something of the sort –to give you a grip on the business side of affairs of real estate development. As is the next step when it comes to any career path, you should try to secure yourself an internship or apprenticeship under a residential, commercial or industrial real estate developer to get some real hands-on experience in the field. And the natural progression then is to find a job that can teach you even more. Work for a few years and gain a thorough understanding of the real estate business. Simultaneously, you can also save up to invest in your own real estate development business later on. You might need to get a real estate license depending on how things work in your state or country. Now, time to set up your own real estate development business –it could be anything ranging from residential real estate, to commercial or even warehouse india. Make sure you have your finances in order because the real estate industry can be tricky business. Build relationships with other professionals related to the industry, such as those in construction, investors, etc. When the beginning of your real estate career is a success, don’t blow up your profits, but reinvest! |
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November 2016
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