Can any one explain me about Real Estate Developer?
When making real estate investments, it is very common to use other people’s money to do it. You get a mortgage and pay it back, sometimes over thirty years! You can even structure your deals so no money comes out of your pocket, yet you still get all the benefits. Real estate returns are directly linked to the rents that are received from tenants. Some leases contain provisions for rent increases to be indexed to inflation. In other cases, rental rates are increased whenever a lease term expires and the tenant is renewed. Either way, real estate income tends to increase faster in inflationary environments, allowing an investor to maintain its real returns.
A real estate developer would develop real estate in a specialty they have selected. Real estate developers specialize in commercial, residential, apartment or condo development. These individuals acquire raw land and place some type of buildings on the raw undeveloped land. Basically they develop undeveloped land into developed land. Once they find a unique niche the normally stick to this niche and very seldom delve into another phase of real estate development. Depending on the state in which you reside a real estate developer might be required to possess a license of any type. Most real estate developers might get around any state license requirements by hiring or subcontracting the actual building of their project to state licensed contractor. You would see signs on the project that would say developed by M&M Development company, contractor N&N. By doing things in this manner a developer might develop property in many states using a contractor with a license from the state in which the development is located. I hope this has been of some benefit to you, good luck. FIGHT ON
