All Forum Posts by: David Jacques

They are affiliated with lennar but I don't have any experience with them. I like the Rialto guys based on the couple interactions I've had with them but there isn't much REO property around here.

Most smaller builders would require some form of seller financing where the bulk of your money comes at each home sale.  It also depends on what entitlements are completed on the property. If none, then expect a developer to option your property and pay you on the back end when approvals are complete and they flip your contract to a builder. 

How is lennar out on the left coast?  I work in land acq for Lennar in MD

most important factor for a developer is exit strategy 

Why not get your own license?  The commission on a typical investor deal isn't much, hence why most are that excited to work these deals. 

I was in a similar position. Urban planning is more big picture municipal work. If you want to actually do real estate deals and not just talk about deals, you may want to look for a masters in real estate program instead.  

That's interesting. Maybe it's a regional thing? Then again I've never seen capitalization rates used as anything more than a quick gut check to compare properties before doing more In depth analysis.

A background in accounting and an advanced knowledge of MS Excel will do wonders. If you can build the balance sheet and understand it then automate everything in excel, you can crunch through deals quickly and efficiently.

Welcome to the board. I would mention what you bring to the table if you're looking for someone to take you under their wing.

The house number and countertop shouldn't be a big deal to fix. Replacing tile however is a PITA. I would let them know ASAP about the tile and either recut the deal to include the tile or make them replace it, knowing that it may add a week to the settlement date. Bring all of your paperwork specifying the tile when you visit the builder rep.