This is the 3rd in the series of articles on Creating Your Real Estate Development Team. Understanding the core team behind a successful property development it crucial to your success in this industry. The next several issues will inform you the reader about who your team is and what you need to understand before you even think about starting to develop property! But before I start, you must also realise that there is a successful method to developing property and a non successful way. The successful way will provide you with the maximum profit and provide you with a winning team that will want to work with you again and again. With out you, no one gets paid. Remember that fact! So what my aim is here is to give you the fundamentals to what is required to build this team and the first steps are to understand your team members and give them respect! In the first issue we began with the key person in your development team, The Architect, the second issue, the Structural Engineer, and now the Civil Engineer. When you think of Engineers, think ‘Land’ for Civil and ‘think Up in the air’ for Structural.There primary role for you the property developer will be for your land subdivision! They are the main people in this area who you deal with. If you have problems, you talk to the Civil Engineer. You will not even need or have an Architect in this area of Property development. Again, it is important to know what they do, but you do not need to know how to do it. This can be problem for some who want to know everything about everything. Don’t waste your time, and don’t waste the professionals time by trying to know exactly what they are doing!Here is a description of what they do!Civil engineers are, first and foremost, the creators of our environment: delivering our buildings and bridges, roads and tunnels, airports and harbours. They apply their talents to provide effective solutions to human needs: places to live, work and play, facilities for the provision of clean water, power, and the means of travel. Civil engineers are primarily employed by engineering consulting companies, government departments, local government authorities and private construction firms. Many are self-employed as consultants or construction contractors, while others may choose to work as university lecturers. Civil engineers are also employed by national, local, and state governments. Most cities and counties have engineering departments staffed largely by civil engineers.Civil engineers are employed in all levels of government, in consulting and contracting firms, and in the supply industries and these all directly or indirectly relate to your development in one way or another. They are not only in positions that require wide technical knowledge, but they can often have high levels of managerial and administrative responsibility. Civil engineers are engaged in addressing two fundamental questions. First, how do we protect our society and its infrastructure from the impacts of the natural environment? Civil engineers are employed by engineering consulting companies, municipal and other levels of government, and in many other industries, or they may be self-employed.As with all the other members in your team, you want the best! So the same story applies. Interview, obtain references, check previous works and previous clients. Do the leg work and do the research and you will be successful!
What if I told you that you already have all you need to be a real estate investor. Anyone can invest in real estate but to succeed at it is what thickens the plot in the scheme of things. We all have the best resources needed to embark on our quest to become real estate investors. The development of these resources to their full potential is what differentiates an ordinary investor from a successful one.Utilizing real estate as a means of gaining financial freedom is not a matter of luck or destiny. It is a consequence directly related to the principles I am about to outline.Secret # 1 Self Belief
The biggest stumbling block for beginner real estate investors is self belief. You don’t believe you can really pull off something that is so important and powerful. In some instances the reality that you may pull it off may also be a deterrent. This may sound contradictory but it may surprise you to know that some people are uncomfortable with success. Reasons range from feelings of undeserving to uncomfortable with change. One thing is certain to succeed requires change, why? because if it didn’t you would already be successful. To make the change you need to belief it is necessary and that you can make the changes.Secret # 2 Self Motivation
Show me a millionaire who never made mistakes and you have yourself a scammer. Making mistakes is terrifying and costly, but is also a valuable teacher. The secret in overcoming this is realizing that you will make mistakes and accept that it is part of the learning process just like when we learn to walk for the first time we fall several times but the taste of independence that came with the ability to walk kept us going. Similarly the financial independence that comes through investing should keep us going. Staying motivated during these times is crucial to your success.Secret # 3 Observation
Being able to look at a for sale sign and see how the location and the various possibilities disguised becomes an opportunity for you that many others overlook. Capitalizing on those white elephants everyone else sees as problems can be a goldmine for you. Developing your skill of observation beyond superficial judgments is what will give you the edge in your real estate development.Secret # 4 Effective Listening
Learning to hear what is being said as well as what has not been said differentiates success from failure. Listening is one of the most powerful tools, which if used correctly can radically transform the level of success you achieve. Imagine meeting total strangers and making them feel so comfortable that they tell you what their problem is and what solutions they are looking for. With this information you are equipped to give them what they want and maybe more This is like taking candy from a baby and makes your work less tedious.Secret # 5 Effective Speaking
Being able to communicate the solution to potential partners and clients problem effectively builds trust and rapport. This makes doing deals less daunting and more prone to delivering win – win results. The combination of effective listening and speaking transforms the communication pattern to reflect the clients thought process and use of their own language. This creates a subconscious bonding which effectively opens the door to clinching each deal.Utilizing the time tested secrets of successful real estate investors I wouldn’t categorize as a secret but rather common sense. When starting out on ventures like these, rarely do you have support from those around you. Learning how others did it will build your portfolio with less effort and the least amount of time compared to going in blindly. Being equipped with these 5 resources will shorten the length of the start up phase and boost your progress to make it a whole lot less bumpy.