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Updated over 16 years ago on . Most recent reply

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Book on Developing

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Does anyone know of a "how to"book that has been written on the topic of developing?

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Rise,
I am a contractor and developer. If you subscribe to the idea that there are several points at which to enter and exit a development investment between raw land and turnkey, then it is just a matter of due dilligence. Sometimes it is better to buy raw land and sell the lots to builders. I have bought projects that were ready for final plat submittal and sold them after lot construction. 10% of the work and 90% of the profit. Other projects are better served by building out the homes or townhome / condos, generally when the project was expensive early on. Getting your contractors license can do nothing but increase your versatility. As far as starting small, just do it, you'll learn as you go, we all do. Find a project you believe in, write it up and go hunting for investors. It may take 5 or 10 efforts before you get one to work but you will create a network of people that believe in your strategies and will become great resources for you in the future. My first deal took 8 months to put together but netted my investors 140% in 18 months and netted me around $500k. It can be done! An early mentor of mine said "someone, somewhere, will always give you the money you need", no truer words have been spoken....I always seem to land on my feet! Good luck!

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