Here for some guidance on what route I should take.
My passion is real estate and I someday want to become a real estate developer. I am myself a real investor and realized early on that I loved the development of mixed used and multi family properties. I want to bring value and impact to communities all over America where everyone has the same opportunities as the next person to thrive and be their greatest. In order to become a real estate developer, I was advised to work in a development shop as an acquisition analyst. I’m here looking for opinions of any experts in here. I really appreciate your time. My goal is to have my first development project by 28 years old. I’m currently 26
[{"id": "ipwvsdl", "text": "Sign up for the MRED or MSRED program at your closest university (assuming you have bachelor's already). Fastest way to learn site analysis, proforma building, equity/debt raising and capital stack management, land entitlements and construction management.", "replies": [{"id": "iq0iqv4", "text": "Echoing in on this as well as adding to what others had advised you, *\" to work in a development shop as an acquisition analyst.\"*\n\nIMHO as well as what others have told me when I had started out (currently in a CRE brokerage role on a high transaction volume group in the SF Bay Area), I'd look for a shop that controls a fair amount of x/y market as well as is actively participating in a bunch of deals. I have spoken with peers that are following a similar pursuit as you and have been met with two perceptions to consider. Some of the acquisition guys in smaller shops get more tailored approaches to training and how they are taught to underwrite deals whereas the friends that go to bigger shops that have high volume are learning the wonders of \"repetition until it becomes second nature.\" \n\nI'd recommend interviewing and having coffee with the active developers in the regions you're seeking to do business with and getting their thoughts and perspective on how to they'd approach your situation. By expanding your network, you can possibly find future debt/equity partners, and potential mentorship that could help get you through the perils of development entitlement as well as dealing with municipalities' strict zoning.", "replies": [], "depth": 2}], "depth": 1}, {"id": "ipyeg99", "text": "wait for the winter. \nFind the cheapest piece of land you can. \n\nconstruction process\ntwo options \ncheapest \ngo to the town hall where the land is located \nfind out if the zoning will allow for a multi family home to be built there  \n\nor find a land use attorney to tell \n\nsoft cost process \nStart first of by finding out how your going to get rid of sewer waste \n\nbest is tying into a existing main \nyour looking for a in fill project really \n\nif that\u2019s doable \n\nget an architect \nget a few lumber package quotes \n84 lumber or national is usually the cheapest \n\nthis will give you a general idea as to your material cost \n\nexcavation \nframing \nwindows \nroofing \nsiding \ngutters \nhvac \nplumber \neletrician \ninsulation \nsheetrock/ taping \npainting \nfloors \ncabinets \ndoors / trim / stairs \ntrex decking \n\nfinal grading \nparking lot", "replies": [{"id": "iq12a57", "text": "Can you not just look up the city zoning ordinance to find out if the zoning allows for multi-fam? Is there more to it than just zoning? (Assuming the city has a published zoning ordinance as some do not)", "replies": [{"id": "iq1kgq1", "text": "So the way i advised this young man. \nis exactly how i did it. What you mentioned most likely is an option. it most likely cost more then what he can afford.  If he can get a variance if he can get \na multi fam out of thin air he can create substantial value. Probably more so then the potential missteps\ninexperience will lead him to take. \n\nmaking nice with the zoning office will give him clues as to what that towns specific zoning enforcement \nagency will and won\u2019t accept and will therefore eventually turn him into a blood hound. \n\nYes there are easier ways that are a possibility with more money. yet the way i suggested is eventually far more profitable and will teach him more then any school ever could", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}]