All Forum Posts by: Devin James

 Hey @Chris Seveney, I have not read that one before but I have heard of the concept, and it makes total sense.

 Hey @Alecia Loveless, its so interesting how important timing is for books. This is why I always recommend rereading books. Each time you will pick up something different.

 I have not, I appreciate the recommendation!!

Hey Tim,

The point is to provide some insight into the development space for anyone interested. 

I also love BBQing steak. That would be a great post for a BBQing community. In that community, you may have some up & comers interested in the BBQing game, and they may come to you for questions.

Development is a complex and often strenuous process. Most people outside the profession don’t understand the time and capital it takes to make a project come to fruition.

Before a single piece of equipment touches the ground, there are years of government meetings, environmental and site assessments, engineering studies, etc.

Each step requires significant time, effort, and capital investment.

But when done right, it creates a ton of value and transforms communities, which is why I love it.

 Both great books! For some reason, Traction grabbed me more as a reader.

 @Jamie Hora You are mastering such a valuable skill!!

 100%. This is why development is the riskiest game to play in real estate. But it does have the largest payoff.

We introduced a new color scheme for our new construction homes.

Once the exterior paint was finished, we realized that we strongly disliked the color we chose for the garage door.

Easy fix, spend the money to repaint the garage door and update the color package for future homes.

Hiccups like this happen every day in this industry. Make a decision and move forward.

Don’t make things a bigger deal than they are.

What do you think about the garage door color? We’re changing it to match the front door.

 Hey @Mike H., good questions!

There are many scenarios where we strictly entitle lots and sell them off to a different Builder. And yes, the risk is that we're paying for the due diligence work up front, to potentially get denied in-front of the City Commissioners.

What I will say is that entitling a 8-10 unit subdivision is the same amount of work and time as entitling a 50,100, 200+ unit subdivision, so it makes more sense to go larger. Usually, the juice isn't worth the squeeze for the smaller subdivisions unless you build it out.