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How do I become a commercial real estate developer? |
Has anyone does this before? How complicated is it? I would like to start out small and build a small shopping center (less than 10 stores) and see how that goes. What I would really like is to own several of the stores there as franchises. Say, rent half the space, then the other half I would put in my papa johns, subway, or jimmy johns etc. How difficult is it to deal with the city since I am a newbie? Is there some sort of person or company that I can pay who will handle all the legal stuff with the city, construction team, and architect? I would prefer to just get involved with what I know...the day to day operation of the businesses. Do I really need to get all involved in all the legal junk, planning with the architect, and hiring the construction people too? I'm just one person, so what are some tips that can put less work on me and make this go a whole lot smoother? thanks! You need a lot of money and should probably have experience with a commercial real estate development firm. It will be hard to achieve financing without both. i think u just need a LOT of money! Unless you are rich - you will not be able to build the small shopping center for AT LEAST a good couple of years.. |
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