Getting involved in RE development?

1 Reply

I have always had an interest in real estate, especially the development aspect of it. My interest grew high when I started attending REI meetings, however I couldn't go anymore as my their meetings and my schedule with my business/school didn't line up properly.

I went to school for something totally on the different end of business/real estate.

Some have told me to get involved by becoming a RE agent, however that's not quite what I'm really interested in.

I'm located in NYC, so I consider myself in a good spot already. I did find a school that does have a degree in RE development, but I also have been told it would be a waste of time.

I was thinking about reaching out to someone in the field and possibly work with them for free. Any suggestions on how I could possibly get my feet wet in the door would be great!

Also, in regards to development, residential housing/apartments.

Thanks

I have built new construction myself but I have a lot of experience working with developers over the past 20 years. If you are not well financed you can lose a lot of money. Most developers don't make any money until the last 10% of the project or so; no buyers pay for streets, water and sewer lines, electrical lines, etc. 

If you want to work in this field, you might consider finding a developer and shadowing them through a project or two.

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