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Old December 7th, 2012, 01:31 AM   #1
FXtrader
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What degree should a real estate developer have?

Does it matter? What should they get a degree? The college I'm going to doesn't have a real estate major or anything.
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Old December 7th, 2012, 01:32 AM   #2
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I know I'm at least going to minor in Chinese as I'm very interested in Chinese urban development. Would Chinese be okay as a major with a minor in something else like finance?
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Old December 7th, 2012, 01:56 AM   #3
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A real estate developer is not a job... in the traditional sense... one where you apply and based on your skills, you get it.
Real estate developers have capital.
To be in the industry then, it is a different question. Try engineering, math, economics, finance to be on the consulting/development/feasibility side. Maybe law.
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Old December 7th, 2012, 02:55 AM   #4
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Quote:
Originally Posted by thebackdoorman View Post
A real estate developer is not a job... in the traditional sense... one where you apply and based on your skills, you get it.
Real estate developers have capital.
To be in the industry then, it is a different question. Try engineering, math, economics, finance to be on the consulting/development/feasibility side. Maybe law.
Okay, let's say I have capital. I have like $30 M. Where do I go? What do I do?
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Old December 7th, 2012, 03:01 AM   #5
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Quote:
Originally Posted by FXtrader View Post
Does it matter? What should they get a degree? The college I'm going to doesn't have a real estate major or anything.
Your degree should be in Business. As a developer, you'll be responsible for the financial part of creating a building. That includes raising the necessary money by attracting investors and applying for loans, as well as determining how much you can spend on each aspect of the development including land, materials, labour, and marketing, based on how much you expect to sell the property for. You'll also need to understand local market conditions in order to know what type of buildings are in demand and how much you can expect to sell one for.

You'll hire an architect to design the building, an engineer to determine how to execute the architect's design, marketing people to help sell the property once it's completed, and a lawyer to help navigate the local laws and regulations, and a construction company to do the actual building.

In other words, running a property development business will have many similarities to starting any other type of business, so the skills and training required will be similar as well. If you're starting out as an individual, you'll need a business plan. For instance, you may see a property for sale and decide that you could make money by buying it, building something that there's demand for, and selling for more than you paid for the land and to develop the building. If you do this successfully, you'll make a profit and can go on to the next development. If not, then hopefully you have enough money that you can adsorb the loss.
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Old December 7th, 2012, 07:49 AM   #6
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The #1 thing a developer is interested in is finding tenants because that determines the value of a property. After the contract has been signed, getting the thing built is being done by the lesser gods in the company. The one thing you want to focus on is a vast knowledge of the market, and a sensor for those who are looking for space. The money is in being the network. Not sure if there is a school for that though.
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Old December 7th, 2012, 08:49 AM   #7
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In India only muscle power is needed.If you have it then you can also be a real estate developer.
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Old December 8th, 2012, 04:50 AM   #8
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Quote:
Originally Posted by Abinash89 View Post
In India only muscle power is needed.If you have it then you can also be a real estate developer.
Well done, sir.

It's not just in India. In "developed" nations, developers are required to have a lot of money and endless ambition. It helps if they cast away little things like a conscience. Then they draw a pentagram and summon the devil 3X.

Money is used to:

1. lobby government officials
2. buy publicity amongst the media
3. maybe donate money to academia to influence their attitudes
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Old December 17th, 2012, 06:33 PM   #9
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Three people best suited to starting a small development company IMO. You always need money and finance, but you can't expect to make a return without the right skills.

Property and Finance Economist - understand land values, financing of project, economies of scale required on apartments, rent ect..

Construction Manager/ Economist - quantities, estimate, tender, project manage.

Registered Builder - site management and quality control.
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Old January 3rd, 2013, 11:19 AM   #10
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In India only muscle power is needed.If you have it then you can also be a real estate developer
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Old January 16th, 2013, 09:30 AM   #11
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hi all
a real estate developer has Master of Real Estate Development degree.
Real estate developers are the impresarios of the built environment. They orchestrate the talents of many players and balance the needs and interests of the various constituents touched by a development project. It is their job to discover how we want to live and work – and to provide the settings accordingly.

In many ways, a real estate developer is a creator of the urban landscape, working within a complex system of governance to tackle the challenge of converting undeveloped or under-utilized resources into homes, employment centers, civic areas, and places of recreation and commerce. With the excitement of finding place-based solutions to the unique set of problems presented by a development project, there also are the risks, rewards, and responsibilities that come with making our built environments more habitable and prosperous.

With greater frequency, community groups, government agencies, other property owners, and even the media are becoming involved in the development process. The capital markets, political and regulatory context, and major players change so rapidly that it is difficult to remain informed, let alone competitive. To deal with the complexity of the field and its far-reaching effects, today's industry professionals require advanced training to prepare them to operate in increasingly technical and interrelated areas.
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Old November 14th, 2015, 04:04 PM   #12
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Being well versed with legal documents is mandate for any developer. Before you buy property in India, you first need to check the legal documentation if everything is perfect by getting them verified by an Indian Lawyer. To buy property in India, you need to execute something called “sale deed” where the buyer legally buys the mentioned property from the seller for the mentioned amount.

Last edited by bytes; November 14th, 2015 at 06:48 PM.
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Old November 14th, 2015, 11:31 PM   #13
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Art History so they have some taste.
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Old November 26th, 2015, 07:24 AM   #14
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The M.S. in Real Estate Development provides students with the knowledge and the skills to find creative, sustainable solutions for the issues confronting real estate development professionals—from planning and design to land use and environmental regulations. The program emphasizes entrepreneurship, sustainable practices in construction and development; advanced finance; public-private partnerships; and global development. The curriculum helps you to become a strategic leader who thinks creatively and understands the social, economic, and environmental impacts of the development process. With a focus on growth areas within the industry, the program is ideal for individuals in entrepreneurial development; project managers in private or public organizations; sustainability officers; lenders or analysts in real estate development; or those new to real estate development who are interested in strengthening their knowledge and broadening their career options.
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Old November 26th, 2015, 07:26 AM   #15
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The Master of Real Estate Development degree (MRED) here at Maryland embraces a comprehensive and multi-disciplinary approach to real estate education addressing all facets of the industry from planning to property management, finance to construction
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Old June 22nd, 2016, 11:12 AM   #16
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Which companies can be recommended to start a carreer in international Real Estate Development?
I currently study Real Estate and Facility Management (Bachelor of Engineering) in Germany. Next year I will to do my mandatory internship and Bachelor Thesis. I plan to do that abroad, preferably in an English speaking country, Emerging Markets would also be fine. Thanks for any advice!
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