Do you aspire to become a real estate developer, or are you wondering what to look for in a great one?
Here are 4 qualities that make a great real estate developer.
👁Vision: A developer has to be able to look at a building or a piece of land and see what it can become. How can you take it to its highest and best use? How can you increase density and create value?
🤝Connection: A developer in many ways is a connector. You have to be able to connect good real estate deals with the right specialists…then you need to connect the finished product with the right buyers.
🧩Problem-solving: How do you solve the issues that will come along? How do you analyze the deal flow correctly and present it? How do you overcome any permitting issues? How do you deal with neighbor objections and create win/win scenarios? How do you control and mitigate risk in all its forms?
📈Scale: The ability to identify bottlenecks in advance – and hire ahead of those bottlenecks.
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