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May 31, 2024
9 Free Financial Modeling Lessons
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The child of a billionaire real estate owner/operator and a construction-focused person. Could do without the construction person.
I could live with that
This is the way.
Assuming that this is a development shop, I’d partner with a precon expert and an leasing broker/asset manager.
Break the development process into three distinct phases with each partner having ownership over their phase.
1) Acquisition/Underwriting/Pre-Development/Capital Markets 2) Construction 3) Leasing/Asset Management/Disposition
Actually in the beginning phases of starting to analyze deals with a 3 man team. Looking mainly at value add 2-4plexes, nothing too complex and relatively inexpensive. We're all in our mid 20's so this seem like the logical starting point for us,
1) Acq/UW/Dispo/AM 2) All aspects of the construction process 3) Accounting/Cap Markets/AM
1&3 will essentially be doing everything together, relatively similar skill sets as individuals and all of those tasks kind of go hand in hand. Biggest headache we foresee (other than finding deals in this market), will be property management.
Curious what market you're in?
Southwest
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