Commercial Real Estate Developing

[Endigo Blue]

Hey, I want to become a commercial real estate developer. I am wondering where to start, what books to read, and if I can get help with how to create a pro forma form and an explanation as to why it is so important? And how can I be successful starting off without any assets? I also would like to know about any licensing I would need and detailed topics to study and research. The internet has been very helpful but also very obscure when it comes to explaining where to start as a developer.

[Greg Dickerson]

Originally posted by @Endigo Blue:

Hey, I want to become a commercial real estate developer. I am wondering where to start, what books to read, and if I can get help with how to create a pro forma form and an explanation as to why it is so important? And how can I be successful starting off without any assets? I also would like to know about any licensing I would need and detailed topics to study and research. The internet has been very helpful but also very obscure when it comes to explaining where to start as a developer.

Real estate development is a very rewarding space. It's creative, exciting and very rewarding. Development requires serious expertise, deep pockets and patient capital. You need to learn how to be a visionary, leader, delegator and motivator. You have to know the types of properties and the market intimately. You can learn excel and financial modeling here https://www.adventuresincre.co...

The real difference between successful developers and others is knowing how to determine the highest and best use of a property and not just think if you build it they will come. Just like any business you want to satisfy a need and give the market what it demands. That being said there can be a point in your career at a much higher level you can be somewhat of a pioneer but in the beginning its best to find a need and fill it.