Review of Thinking About Becoming A Real Estate Developer?
-
Mubarak Adeiza
- Posts: 65
- Joined: 13 Jan 2024, 00:46
- Currently Reading:
- Bookshelf Size: 44
- Reviewer Page: onlinebookclub.org/reviews/by-mubarak-adeiza.html
- Latest Review: Religion: What If... by Dele Owolowo
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.]
This book can serve as a broad textbook for the goal of attempted real estate development. He stresses the idea that one should comprehend neighborhood goals at the local level and incorporate these into the proposed development. Steps to be pursued include assembling a capable development team, locating finance through local banks and finance companies, and developing a sound marketing plan. The purpose of the book is underlined by the resurgence in the resale mortgage market and depicts a new picture of the limitations in the supply of new homes. Also, this text deals with the effects that economic factors, such as deindustrialization and suburbanization, have on the cores of the cities and the role that must be taken by the community in development projects. This pragmatic book will take you through this complex process—from getting financing to managing the construction project.
The most positive thing that can be said about Thinking About Becoming a Real Estate Developer is its commendable way of giving realistic, rather than conceptual, advice on how one is supposed to make his or her way through the nuances in the field. I love how relevant it is to build a skilled team, especially highlighting that one needs to have a Realtor cognizant of the local market. This is where such access will be key in gaining access to accurate market data and "comps" through the MLS, hence very relevant advice.
Value is further added by the in-depth discussion of financing, particularly with respect to the role of government-sponsored enterprises like Fannie Mae and Freddie Mac. Perhaps most timely and innovative is the exploration of land banks and city-owned property as solutions for housing this valorous and thoughtful addition the book makes. A case of the Newark RFP for more than four hundred residential vacant lots ensures that strategic planning drives the creation of affordable home ownership—an inspiring, informative book.
One thing that I would like to see improved is the inclusion of more case studies and success stories from various parts of the world. Though valuable insight was indeed given having a wide range of examples will shed light on diverse market dynamics and challenges. This would enable the content to be even more relatable to aspiring developers from varied regions. The book was edited without errors.
Amazingly enough, the author has done a great job of creating an incredibly informative and practical guide for aspiring developers. In-depth insight into financing, team building, and local regulations is something worth appreciating in the book. Real-world examples of RFP of Newark for residential lots present material that is very relevant and actionable, worth 5 out of 5 stars. It is to the credit of Ted Ihde that such a demanding subject matter is simplified into explainable segments. This is a book worth reading with great seriousness by real estate developers, real estate professionals desiring to extend their expertise, and investors who wish to understand the nuances of property development.
******
Thinking About Becoming A Real Estate Developer?
View: on Bookshelves | on Amazon
This book can serve as a broad textbook for the goal of attempted real estate development. He stresses the idea that one should comprehend neighborhood goals at the local level and incorporate these into the proposed development. Steps to be pursued include assembling a capable development team, locating finance through local banks and finance companies, and developing a sound marketing plan. The purpose of the book is underlined by the resurgence in the resale mortgage market and depicts a new picture of the limitations in the supply of new homes. Also, this text deals with the effects that economic factors, such as deindustrialization and suburbanization, have on the cores of the cities and the role that must be taken by the community in development projects. This pragmatic book will take you through this complex process—from getting financing to managing the construction project.
The most positive thing that can be said about Thinking About Becoming a Real Estate Developer is its commendable way of giving realistic, rather than conceptual, advice on how one is supposed to make his or her way through the nuances in the field. I love how relevant it is to build a skilled team, especially highlighting that one needs to have a Realtor cognizant of the local market. This is where such access will be key in gaining access to accurate market data and "comps" through the MLS, hence very relevant advice.
Value is further added by the in-depth discussion of financing, particularly with respect to the role of government-sponsored enterprises like Fannie Mae and Freddie Mac. Perhaps most timely and innovative is the exploration of land banks and city-owned property as solutions for housing this valorous and thoughtful addition the book makes. A case of the Newark RFP for more than four hundred residential vacant lots ensures that strategic planning drives the creation of affordable home ownership—an inspiring, informative book.
One thing that I would like to see improved is the inclusion of more case studies and success stories from various parts of the world. Though valuable insight was indeed given having a wide range of examples will shed light on diverse market dynamics and challenges. This would enable the content to be even more relatable to aspiring developers from varied regions. The book was edited without errors.
Amazingly enough, the author has done a great job of creating an incredibly informative and practical guide for aspiring developers. In-depth insight into financing, team building, and local regulations is something worth appreciating in the book. Real-world examples of RFP of Newark for residential lots present material that is very relevant and actionable, worth 5 out of 5 stars. It is to the credit of Ted Ihde that such a demanding subject matter is simplified into explainable segments. This is a book worth reading with great seriousness by real estate developers, real estate professionals desiring to extend their expertise, and investors who wish to understand the nuances of property development.
******
Thinking About Becoming A Real Estate Developer?
View: on Bookshelves | on Amazon
Latest Review: Religion: What If... by Dele Owolowo
