So You Want To Develop Real Estate?
b'I\\u2019ve been talking to a number of investors who are interested in getting into development. Today\\u2019s episode is an advisory talk on what you may want to consider before jumping into the world of development. \\n\\nThe first thing is that you should avoid development if at all possible. If you can get the equivalent product in the market by buying and repositioning an existing asset, then that\\u2019s what you should do. An existing asset is the fast and lowest risk path. In many cases, you can buy an existing asset below replacement cost. My recommendation is a 3 step process to evolve from your first simple development project to full green-field development where you have to build everything from raw land including the infrastructure.'