How To Build a Career in Real Estate Development
Those who succeed in real estate do so through a great deal of hard work.
What Do They Do?
Real estate developers like Roger OSteen Jacksonville professional choose a property and draw up plans for its long-term use. They often buy the property themselves or secure financing to do so. These projects could include residential neighborhoods, commercial properties or large-scale government ventures.
What Kinds of Careers Are Available?
Many developers have a niche. Some work independently to purchase property and build low-cost housing or apartment complexes. Others become financial analysts for large investment firms or advise city planners. You could eventually run your own development group like Founder Roger O’Steen Jacksonville. Administering real estate loans for a bank is another possible career path.
What Education Do You Need?
Developers do not necessarily need to have any specific degree. Many have special training in business and/or have obtained a real estate license. Experience is more important than education in this field.
What Is it Like To Work in Real Estate Development?
Working in this field is rarely boring. You have to take some risk in order to purchase and develop properties, but you can also take home an impressive salary. Your job is to oversee the entire project, so you will need to put together a team of experts in areas like law, construction and labor. You will have to agree on contract terms with each member of your team regarding salary and expectations. Planning is a time-consuming but very important part of being a developer. You will be responsible for making sure that all of the buildings are well-constructed, compliant with building codes and completed according to your plans and deadlines. Promoting your business will take up a portion of your time as well.
On a typical day, you may have to go to meetings with your team, travel to different worksites and solve problems as they arise. However, no two days will be the same!