The Real Estate Espresso Podcast
I’ve been talking to a number of investors who are interested in getting into development. Today’s episode is an advisory talk on what you may want to consider before jumping into the world of development.
The first thing is that you should avoid development if at all possible. If you can get the equivalent product in the market by buying and repositioning an existing asset, then that’s what you should do. An existing asset is the fast and lowest risk path. In many cases, you can buy an existing asset below replacement cost. My recommendation is a 3 step process to evolve from your first simple development project to full green-field development where you have to build everything from raw land including the infrastructure.
