All Forum Posts by: Account Closed
Account Closed has started 4 posts and replied 15 times.
Post: Getting a start in RE development in the future
- Williamsburg , Virginia
- Posts 15
- Votes 1
Originally posted by @Account Closed:
@Account Closed Welcome to the site! Yes, there are many great people and resources on this site which will help you immensely. Your contractor background will give you a massive advantage - it's one of the things that many of us struggle with.
Tip: I encourage you to fill out your profile so folks can know a little bit about you, gives you credibility. A picture will also help.
Good luck and hope to catch up around Charlotte!
Okay. Will do, just haven't had much time for the profile fill out! Thank you for your encouragement!
Post: Getting a start in RE development in the future
- Williamsburg , Virginia
- Posts 15
- Votes 1
Originally posted by @Max Maxwell:
Welcome to BP. I wish you plenty of success.
Thank you man, I greatly appreciate it.
Post: Getting a start in RE development in the future
- Williamsburg , Virginia
- Posts 15
- Votes 1
Hello, I am pretty new to the forum. I have posted in this section before, but here's the deal.
I am a master plumber contractor that lives in Charlotte, North Carolina. I am currently looking into flipping and flopping properties for a profit. Since I am a plumber, I can handle all of the plumbing work myself, which will cut down revocation cost and increase my profitability.
I know if you have not went to college for RE development, or worked for a development firm, this is how you would get your feet wet in the industry, as an investor. That is how a lot of successful developers started.
With that said, most people know that hvac, electrical, and plumbing contractors, like my self, have a pretty good involvement with construction. So I have pretty good connections with General contractors.
As I continue to buy and flip houses, I will use this as an advantage to build relationships with roofers, landscape designers, and hopefully many various successful RE professionals.
I will be flipping and flopping properties, and possibly owning a few small apartment buildings for quite some time before I jump into the development aspect of the industry. (possibly 5-8 years)
For my first few development projects, I will go in with a partner that has good development experience to guide along the way and show me the proper ins and out of the industry.
I am not certain about what my first RE development project will be, but of course I want to start small by developing small offices, small apartment buildings, small 10-15 lot neighborhoods etc and grow. I want to do residential and eventually commercial projects in the future as my portfolio builds up.
I know it is a risky and difficult industry, and I will have to deal with zonings, and multiple permits etc, but I have had this dream since I was a little boy. I was what they would call a "Tonka Kid." Enjoying seeing things go from bits and pieces into a full structure.
I earned a business degree at South Piedmont Comminuty College to better my business skills before I became my own self-employed plumbing contractor, and yes I do have a contractors license. Hopefully these two details will help.
I hope you guys can give me helpful, informative advice on eventually helping me to make this dream come to a reality years down the road, give me what you got!
Post: Can anyone get into property development ??
- Williamsburg , Virginia
- Posts 15
- Votes 1
thank you for all of your responses, and most importantly thank for keeping it real!
Post: Can anyone get into property development ??
- Williamsburg , Virginia
- Posts 15
- Votes 1
I am just curious,
If you have no experience in property development , but have been an investor in apartment complexes , along with buying and flipping houses, could you start by buying small properties and developing them, and then the more you grow in the future, the bigger the projects you can fulfill? Sorry if I sound silly! Just curious! Also looking into earning a business degree from a community college , which I know for a fact would help a lot. I will be moving to Charlotte in the next few years, if that helps as far as location goes.