Newbie Property Developer - Seeking Guidance

[Kenneth Jiang]

Hey everyone!

I'm diving headfirst into property development here in Chicago, and honestly, I could use a little help from the community.

Here's what's on my mind as I kick off this journey:

1. Finding the Right Deal: How do you all evaluate properties for development in Chicago? Any tips or tools to help a newbie like me spot a good opportunity?
2. Hiring Help: I'm at a bit of a crossroads. When it comes to contractors, should I go with a General Contractor and a fixed contract or consider a Construction Management company? What are your thoughts and experiences with these choices?
3. Materials Matter: I'm curious about sourcing materials. Should I take on the task myself, or is it better to let the pros handle it? Any shortcuts or tech that's made your lives easier?
4. Global Sourcing: I've heard whispers about sourcing materials overseas for a better deal. Did anyone try this? Is there any tool that makes global sourcing easy?

Love to hear your stories and advice. Whether you're a pro or a newbie like me, your insights are valuable to me.

Thanks!