Would following the route Miami dolphins owner Stephen Ross took by getting his master of law in taxation a good idea to start a real estate development company?
| +23 | SWF/Pension Funds in RE | 3 | 4d |
| +19 | To the veterans: What was institutional dev actually like during the last bull run? | 8 | 1h |
| +16 | Probability of S2 recap returning equity | 6 | 17m |
| +16 | Development vs. REPE pay gap | 8 | 14h |
| +14 | PGIM Real Estate Equity Opinions? | 9 | 1d |
| +13 | CRE Credit → Capital Markets | 2 | 3d |
| +11 | PRE MBA IB back to IB | 5 | 1d |
| +11 | Reneging - What should I do? | 5 | 1d |
| +10 | JD/LLM career path to REPE advice | 4 | 1h |
| +10 | Going into RE Entrepreneurship before FT REPE experience. | 1 | 14h |
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I think having a billionaire uncle helped him more
What do u think is the second most important thing to have or know besides money to build a development firm? For example, accounting, finance or architecture skills?
I think that no matter what line of business your in, understanding the tax code is one of the most important pieces of knowledge you can have.
Especially in real estate, where taxes are usually one of the biggest costs, understanding how to mitigate or avoid tax increases can be a massive leg up on the vast majority of firms who think "slap some paint and plaster on and we can raise rents by 30%" is a legitimate business plan.
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