Long time Investor Looking for general help on succeeding as Res developer

[Dan Zambrano]

Hi Everyone,

I am making a commitment to be more active on here, and going to try to post here a few times a month and also answer questions from my perspective for the younger investors.

As the title suggests, I am a long time RE investor, have 3 properties 2 of which I rent out (one is cash flowing $700/mo , YES) I control 1M in assets, have about 250k in equity total. I want to spend the rest of my life developing Real Estate but I am new to construction. I am looking into purchasing a plot of land somewhere around my state of Illinois to give myself leverage and motivation to develop it. Any advice is greatly appreciated, below are a few of the questions I am kicking around curious if anyone with experience can weight in:

1. What is the best way to network with successful developers?

2. I am currently a utility engineer making over 100k/ yr, should I consider pivoting into the developer or construction management space for experience?

3. If so, what are some good certs or proven path to break into employment in those areas?

4. How in the world can I find a great reviewed CPA that will help with my tax situation? I am even willing to overpay for some great help

I think those 4 are good for now, feel free to answer 1 or none if they sound silly lol.

Thanks in advance and look forward to connecting more with folks on here!

[Robert Ellis]

Quote from @Dan Zambrano:

Hi Everyone,

I am making a commitment to be more active on here, and going to try to post here a few times a month and also answer questions from my perspective for the younger investors.

As the title suggests, I am a long time RE investor, have 3 properties 2 of which I rent out (one is cash flowing $700/mo , YES) I control 1M in assets, have about 250k in equity total. I want to spend the rest of my life developing Real Estate but I am new to construction. I am looking into purchasing a plot of land somewhere around my state of Illinois to give myself leverage and motivation to develop it. Any advice is greatly appreciated, below are a few of the questions I am kicking around curious if anyone with experience can weight in:

1. What is the best way to network with successful developers?

2. I am currently a utility engineer making over 100k/ yr, should I consider pivoting into the developer or construction management space for experience?

3. If so, what are some good certs or proven path to break into employment in those areas?

4. How in the world can I find a great reviewed CPA that will help with my tax situation? I am even willing to overpay for some great help

I think those 4 are good for now, feel free to answer 1 or none if they sound silly lol.

Thanks in advance and look forward to connecting more with folks on here!

 ULI to mee is a little too focused I was in it in columbus and wasn't really worth it. I'd recommend actually looking at the top performing asset classes in your market. define the market you want to do. We have a tight 35 mile radius around columbus and 4 cities in florida (Tampa, Jacksonville, Orlando, Miami) with the same radius. After that, I'd look at your cash. What sized land can you buy. Experienced developers are vertically integrated and don't need new friends or want to do mentorships. tie a site up, record videos, establish yourself as someone they need to do through marketing. if you want to really do that it's what you need to do. I post 2 videos a week for development and look at lots all over and talk about it and post on every platform. it's all I do. sounds like you have a lot going on so I'd decide what you really want and take the risk.