@Henry Clark is an expert on Storage development maybe he could give some pointers.

I actually interned for a company in Iowa City that did real estate, property management, new home construction and development.

BP Community, I’m reaching out because my 13-year-old son has developed a huge interest in real estate, and I’m not sure how to guide him. 

For me personally, I consider it a B neighborhood because it's walking distance to so many amenities, and I felt mostly safe raising my family there, but not everyone is comfortable living in a developing area.Last year (2024), we moved out of the home and converted it into a rental.

Networking in various real estate associations to develop DEEP relationships is part of this program.2.

Development no.

So far there is some indication of a little uptick for 2025 booking - I've already booked out a few weeks beyond the winter, which is when I go down and take care of maintenance and repairs - and in the summer, but traffic and inquiries are way, way down.If you feel like seeing a blood bath, just pull up the MLS and look at the Margaritaville development.

And I am constantly looking for new areas for growth.I started flipping land (owned almost 80 lots out there at one time) about four years ago then got into acting as developer where we I had builders build a couple of cabins and flipped them to end buyers. 

I would probably refi into a DSCR loan.Aside from a relatively inexperienced builder and the risk of a development that isn't "established" yet, what am I missing?

It is important to look for locations with strong economic growth, rising demand for housing, employment, vacation and infrastructure developments, as well as properties that offer the potential for value appreciation or steady cash flow.