Review of Thinking About Becoming A Real Estate Developer?
-
Jaituni Sanghavi
- Minimum Wage Millionaire Reader
- Posts: 330
- Joined: 17 Sep 2021, 11:26
- Currently Reading:
- Bookshelf Size: 229
- Reviewer Page: onlinebookclub.org/reviews/by-jaituni-sanghavi.html
- Latest Review: Web of deceit by C J Carroll
Review of Thinking About Becoming A Real Estate Developer?
[Following is a volunteer review of "Thinking About Becoming A Real Estate Developer?" by Ted Ihde.]
For those contemplating an entry into the intricate and fulfilling realm of real estate development, obtaining proper guidance is essential. Thankfully, Ted Ihde provides a thorough guide that clarifies the path ahead. His book, "Thinking About Becoming a Real Estate Developer?" serves as a great tool for anyone deliberating a career in real estate. Its strength is in its systematic and lucid explanation of the development process, making each stage comprehensible.
The book begins by stating the significance of team building. It lays out that real estate development is not a sole endeavor and underscores the importance of enlisting specialists like architects, engineers, lawyers, and reputable realtors. This resonates with me because I also appreciate the value of teamwork.
Further, Ted ventures into the financial aspects, stressing the importance of securing financing early in the project. He provides practical advice on obtaining referrals to banks and finance companies that have a proven track record in funding comparable projects. And then there is a discussion on neighborhood integration wherein he emphasizes the need for developers to engage with local stakeholders, including city councils and neighborhood groups, to align the project with community goals. This is a critical perspective, reminding aspiring developers that success is not just about financial gain but also about contributing positively to the community fabric.
What I admired most about the book is how it takes a hands-on approach to educate aspiring developers, particularly through its inclusion of practical examples like Request for Proposal (RFP), checklists, and various other drafts. These templates, with intentional blanks left throughout, offer readers a guided framework on how to draft essential documents in real estate development.
Some other impactful sections in the book that I liked were the ones where the advantages of homeownership over renting were discussed and where the book provides a clear explanation of jumbo mortgages, which are loans that exceed conforming loan limits.
I also enjoyed reading the part where there is a detailed exploration of Kansas City as a case study. In this case study, Ihde uses Kansas City to illustrate how different regions require different development strategies. He compares the lower population density of Kansas City with more densely populated areas like Boston, explaining how this affects decisions about home sizes and development approaches. This comparison is particularly enlightening, as it sheds light on the practical considerations that developers must take into account when working in varied geographic locations.
In my opinion, this book is a strategic blueprint for aspiring developers. It equips readers with the knowledge and confidence to navigate the complexities of real estate development while reinforcing the importance of community-centric projects. For these reasons and the others I’ve mentioned, I give this book a perfect 5 out of 5 stars. I found nothing to dislike, and the editing was impeccable based on my reading experience.
I recommend this book to anyone who is seriously considering a career in this field. It will prove to be an indispensable guide.
******
Thinking About Becoming A Real Estate Developer?
View: on Bookshelves | on Amazon
For those contemplating an entry into the intricate and fulfilling realm of real estate development, obtaining proper guidance is essential. Thankfully, Ted Ihde provides a thorough guide that clarifies the path ahead. His book, "Thinking About Becoming a Real Estate Developer?" serves as a great tool for anyone deliberating a career in real estate. Its strength is in its systematic and lucid explanation of the development process, making each stage comprehensible.
The book begins by stating the significance of team building. It lays out that real estate development is not a sole endeavor and underscores the importance of enlisting specialists like architects, engineers, lawyers, and reputable realtors. This resonates with me because I also appreciate the value of teamwork.
Further, Ted ventures into the financial aspects, stressing the importance of securing financing early in the project. He provides practical advice on obtaining referrals to banks and finance companies that have a proven track record in funding comparable projects. And then there is a discussion on neighborhood integration wherein he emphasizes the need for developers to engage with local stakeholders, including city councils and neighborhood groups, to align the project with community goals. This is a critical perspective, reminding aspiring developers that success is not just about financial gain but also about contributing positively to the community fabric.
What I admired most about the book is how it takes a hands-on approach to educate aspiring developers, particularly through its inclusion of practical examples like Request for Proposal (RFP), checklists, and various other drafts. These templates, with intentional blanks left throughout, offer readers a guided framework on how to draft essential documents in real estate development.
Some other impactful sections in the book that I liked were the ones where the advantages of homeownership over renting were discussed and where the book provides a clear explanation of jumbo mortgages, which are loans that exceed conforming loan limits.
I also enjoyed reading the part where there is a detailed exploration of Kansas City as a case study. In this case study, Ihde uses Kansas City to illustrate how different regions require different development strategies. He compares the lower population density of Kansas City with more densely populated areas like Boston, explaining how this affects decisions about home sizes and development approaches. This comparison is particularly enlightening, as it sheds light on the practical considerations that developers must take into account when working in varied geographic locations.
In my opinion, this book is a strategic blueprint for aspiring developers. It equips readers with the knowledge and confidence to navigate the complexities of real estate development while reinforcing the importance of community-centric projects. For these reasons and the others I’ve mentioned, I give this book a perfect 5 out of 5 stars. I found nothing to dislike, and the editing was impeccable based on my reading experience.
I recommend this book to anyone who is seriously considering a career in this field. It will prove to be an indispensable guide.
******
Thinking About Becoming A Real Estate Developer?
View: on Bookshelves | on Amazon
Latest Review: Web of deceit by C J Carroll
