My living expenses were almost completely rolled into the business model and I lived among an ever changing group of guests who made life lively and entertaining.

@Brad Banks Some models do have bidding wars.

Hi Everyone,I thought it would be helpful to share a couple of excel models that I use in assessing prospective real estate projects.

While degrees are not mandatory, a few prerequisites are necessary to successfully execute a ground-up deal.You can engage in networking extensively, but unless you can speak the language of finance, comprehend its metrics, and know how to utilize them for in-depth pro forma modeling, progressing in the business becomes challenging.The initial step in executing a development project is to identify and properly control the acquisition of a site.

The losses could be used against other sources of passive income and that is it.If it is a standard self storage model, and thus treated as rental income, then in order to get anything other than passive treatment you would needs REPS status. 

It's not a sustainable model and requires a lot of attention.

Everyone can just point the finger at someone else.With a true turnkey model "one stop shop" per se, the penny drops with the turnkey provider and only they are to blame as most genuine turnkey providers will put their name and reputation behind their product/operation.Just my opinion.Thanks 

I refresh our lots list every few weeks and look at infill lots by price per acre, density allowed, new build average price and price per square foot, deliveries per year, etc as a driver for it.

I think it's a great business model. 

We have new builds going up by the hundreds and I recently met with some of the model agents and they are offering big discounts, buy downs, lower down payments, higher end units for the lower prices, incentives to selling agents, etc.