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Updated over 4 years ago,
Advise (Mentorship) on going from an Investor to a Developer
Hello,
In the past couple of years, I have successfully procured a few Multi Family Properties. (None of these properties required any construction or renovations)
My Real Estate Investment goal is to eventually be a full time Developer; and to get there, I would assume experience in Flipping will be the best teacher.
For those of you who have experience in Developing:
- What goes into developing a property, other than money and risk?
- What is the most strategic way of leveraging my properties into becoming a Full-Time Developer?
- What other ways are there for a passive investor to pivot into Developing?
- Am I right in assuming that the next step towards my goal is to have many successful flips under my belt?
- Knowing what you know, what advise would you give to someone that would like to become a Developer?
- If you don't mind, would you please share your experiences on how you became a Developer?
For your information, my investments are located in California and would like to Develop projects in California.
Thank you very much for your answers. It definitely helps.