I'm currently developing my vision and looking forward to eventually telling my success story.Happy New Year!

I know it can be a revenue generator like J.

A couple things from my perspective: TX is a very low barrier to development state especially compared to CA and even the geography is wide open so the danger is that developers will just move a mile down the road and build new product to compete with yours if good employment is headed that way.

You'll develop a big network which will then make the transition very easy into your other business.

Your goal in marketing is to identify your prospect pool, target them with effective messaging, and remain in contact over time so your message is there at the time that THEY have the need/motivation (OR if you've been developing a great BRAND, they will hopefully remember you - and how to reach you - even if they are not seeing currently seeing your marketing message...).

I'm a 16 year old aspiring real estate developer and investor, and I'm really driven to start out as early as possible.

(technically, they get an 8% preferred return and I get a 6% developer fee if all goes to plan, then we split any upside after that).In your situation, if you and your two buddies all put in cash, and all have some sort of management/decision making roles, you could divide the ownership and upside according to your capital contributions.

I am reading alot about yellow letters as well and developing my own system, I'll write up a post about it once it starts working out.

I second NaveenWe just finished our first international syndication by building units in a new resort development on Ambergris Caye in Belize.A good rule of thumb to look for is jurisdictions that use British Common Law as their basis of law.You have 3 major systems of law around the world:1.

I developed a very good relationship with the case managers and the inspectors.