Young kid here interested in Real Estate Development, what should I know?
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[{"id": "i4llknx", "text": "What got you interested in multifamily in particular? Please don't say Grant Cardone.", "replies": [{"id": "i4mctfz", "text": "Id doubt it since I once Cardone says that \u201call developers go broke\u201d and the he avoids cities with \u201ctoo many cranes\u201d.", "replies": [{"id": "i4md984", "text": "Is that right? Isn't the dude out in Miami?", "replies": [{"id": "i4mq1c4", "text": "Yea the guy out of Miami that funds all his MF purchases with his student\u2019s equity and interest only loans only to rebrand them 10x communities? That guy? Cash flow to the moon bois!!!", "replies": [{"id": "i4mq7z3", "text": "Go sell some fuckin fish. Haha", "replies": [], "depth": 5}], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "i4lzhb4", "text": "Bigger pockets podcast is a great place to start learning my friend", "replies": [], "depth": 1}, {"id": "i4mqilt", "text": "Go work for one of the developers as a development associate. All I do is work with Development VPs and Associates. If you want to cut your teeth and learn, get a job as a broker and start working with them. Then you can transition to an analyst role.", "replies": [], "depth": 1}, {"id": "i4mwmf6", "text": "BiggerPockets. And this guy Justin Kivel on YouTube has good stuff", "replies": [{"id": "i4nkmp1", "text": "Thanks for recommending him !", "replies": [], "depth": 2}], "depth": 1}, {"id": "i4n71en", "text": "Property Metrics' blog does a good job explaining fundamental concepts and other topics in an easy-to-understand way. Justin Kivel's Udemy courses could be a good buy on sale to build up some intuition for modeling deals.", "replies": [], "depth": 1}, {"id": "i4o9eyi", "text": "Learn the numbers of the business. Get extremely good with building Pro-forma models and running back of the napkin envelopes. Get your foot in the door of a development shop as an analyst and then work and network super hard until you feel you have enough confidence to go on your own and have built the right team around you. Development is an inherently political arena and knowing the right people is absolutely essential in the business. Furthermore, there is no way you can know everything in development. It is a really multidisciplinary field that requires a multitude of professionals ranging from lawyers to civil engineers. That's why it is so important to be around the right kind of people. \"Who Not How\" is the motto here. \n\nTLDR - Gain a valuable skill that can add value to a development shop. Once in the shop, work and network incredibly hard. Build the right team (professionals, investors, brokers, bankers, etc.)", "replies": [], "depth": 1}]