How to Get Started in Real Estate Development

Real estate development is often considered as the engine that propels growth in the real estate industry. Real estate developers acquire property upon which they plan to develop their real estate projects, whether for commercial or residential purposes. There are plenty of reasons to start a career in the real estate development industry. More than twenty years ago, Richard Josephberg Almorli Advisors took his first steps in the business. Today, in most of his daily conversations and interactions online, this respected real estate professional gets the question 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, in this article, Richard Josephberg Almorli Advisors provides value in your efforts to build a career in the development business.

There are plenty of career choices in development, starting with choosing between the commercial or residential side of the business. Residential real estate usually attracts people focused on building homes and creating individual living environments, while commercial real estate development entails building and overseeing property investments that produce financial growth. Both of these two broad categories provide exciting and fast-paced environments where no two projects are the same. Furthermore, as Richard Josephberg Almorli Advisors explains, there is plenty of scope for development, career progression and promotion, and hard work is valued and rewarded. Transferrable skills also provide opportunities to move into other fields and roles, while internationally recognized skills and qualifications provide opportunities to travel and work abroad.   

   

An aspiring real estate developer can start out in many different fields. Some start as real estate agents who, after buying and improving properties, succeed in selling them for a profit. After a period of time, they may raise the capital necessary to work with an urban or regional planner, architect and builder to develop, build and market a project, such as the case with Richard Josephberh Almorli Advisers. No matter how you start, if you’re planning to become a development professional, you need to be well rounded, as real estate development is extremely complex and requires analytical, financial, marketing, interpersonal and organizational skills.