Resources for Beginners in Real Estate Development

Resources for Beginners in Real Estate Development

Real estate development is a popular career and past time for many entrepreneurs. Although the financial success is a tempting reason to enter the real estate market, developing land or office space requires a special skill set. Beginners have many questions about financing, permitting and regulations, and other aspects of real estate development. Luckily, there are tons of resources that provide sound advice and answer many common questions. Listed below are a few of the time tested favorites.

Real Estate Development: Principles and Process

This text written by Mike E. Miles provides a thorough overview of real estate development. Based on an academic perspective, this resource provides a general understanding of real estate development basics.

The Real Estate Game: The Intelligent Guide to Decision-Making

In this comprehensive resource guide, William J. Poorvu draws from his vast array of life experiences. Poorvu served as an educator at the Harvard School of Business for nearly three decades and has been in property management and development for more than four decades.

Property Development for Beginners: A Beginners Guide to Property Development

In this well written collection, author Steve Chandler offers a realistic look at the benefits and challenges of choosing a career in real estate. He provides pointers and additional resources for serious investors.

Raising Private Capital: Building Your Real Estate Empire Using Other People’s Money

Matt Faircloth is an accomplished real estate investor and published this resource outlining some of his most successful tactics. This title is geared toward current investors and serious beginners. Faircloth primarily focuses on fundraising and other financial principles of real estate development.

Professional Real Estate Development: The ULI Guide to the Business

In this textbook style resource, authors Richard Peiser and David Hamilton provide information vetted by the Urban Land Institute. Through a variety of case studies and valuable insight, this resource covers the basics of residential and multifamily properties as well as office space, retail, and industrial real estate development opportunities.

Making it in Real Estate: Starting Out as a Developer

John McNellis provides a true nuts and bolts overview for beginners in his latest educational title. He helps readers turn their ideas into reality by providing his expertise on topics such as leadership, turning down an opportunity, and taking risks.

How Can Real Estate Development Recover in 2022?

How Can Real Estate Development Recover in 2022?

The global pandemic changed the business world for nearly every industry. Many of the changes were unavoidable and unprofitable, but things look promising for 2022. Many experts are optimistic regarding commercial real estate development. Concerns exist, and all investors need to understand the possible challenges. To succeed, anyone involved in real estate development will need to remain flexible and adapt to the market.

 

Potential Market Complications

 

Real estate professionals do not expect any complications with the same negative impact seen in 2020 and 2021. COVID variants could continue to appear for many years. Health experts, however, do not believe any will cause the type of lockdowns previously experienced. Government agencies monitoring inflation risks will adjust as needed to keep the stock market as happy as possible. Price increases may influence some future development, but the improvements in the marketplace will prevent rises in oil prices and material costs from harming growth.

 

Expected Industry Boosts

 

Repairs to supply chain problems will ensure that products flow freely again. These repairs will prevent the past shortages of building materials and retail inventory that plagued all consumers over the last couple of years. An additional boost for real estate development is optimism. In 2021, new business license applications were up, and experts predict that in 2022 there could be an increase in applications of 28 percent over 2020.

 

Increases in Demand

 

The real estate development market could see a combined rush from different investors. Many businesses that thrived before the pandemic had to put their plans on hold, but 2022 offers the opportunity to return to previous expansions. Another possible effect is the endeavors of new entrepreneurs. Many business-minded individuals chose to find a new path after their jobs became obsolete during lockdowns. The options could make many real estate markets busy as buyers vie for all property types to meet their needs.

 

The last two years have been difficult for everyone. Optimism for what possibilities 2022 may hold has already boosted real estate value in many regions of the United States. Development has continued slowly and steadily over the last few months and is likely to increase substantially as the year unfolds.