Aspiring Developer Looking To Get Start

Have a development question you want answered? Ask it here and you'll get your answer
Post Reply
pcfriar08
Surface Lot
Posts: 2
Joined: Wed Mar 15, 2006 12:10 am

Aspiring Developer Looking To Get Start

Post by pcfriar08 »

Can anybody give me any info on how I can get a start in devolopment/real estate investing?  My college doesn't offer any real estate courses, so I would appreciate it if anybody knew of any summer classes at the schools in KC.  I've been looking around for a summer internship as well and haven't found any luck.  Anybody know of any firms that hire summer interns?
User avatar
KansasCityCraka
Oak Tower
Oak Tower
Posts: 4795
Joined: Sat Nov 13, 2004 2:01 pm

Re: Aspiring Developer Looking To Get Start

Post by KansasCityCraka »

Well Copaken, White and Blitt always has a few summer internships. Are you looking to start your own company eventually or are you going to stay with an established company?
User avatar
Thaine
Western Auto Lofts
Western Auto Lofts
Posts: 607
Joined: Thu Oct 27, 2005 12:46 pm

Re: Aspiring Developer Looking To Get Start

Post by Thaine »

Start your own internship.  Call Jon Copaken and tell him you're willing to work for free/little$$ if they'll let you spend at least a portion of your time on projects.
pcfriar08
Surface Lot
Posts: 2
Joined: Wed Mar 15, 2006 12:10 am

Re: Aspiring Developer Looking To Get Start

Post by pcfriar08 »

KansasCityCraka wrote: Well Copaken, White and Blitt always has a few summer internships. Are you looking to start your own company eventually or are you going to stay with an established company?
Ideally, I would like to start my own company right out of college.  I still have 2 years left in school.
User avatar
Czar
New York Life
New York Life
Posts: 366
Joined: Mon May 19, 2003 10:45 am

Re: Aspiring Developer Looking To Get Start

Post by Czar »

take some CCIM classes (this teaches you how to evaluate projects through IRR)
User avatar
Thaine
Western Auto Lofts
Western Auto Lofts
Posts: 607
Joined: Thu Oct 27, 2005 12:46 pm

Re: Aspiring Developer Looking To Get Start

Post by Thaine »

Ummmm PCFriar, need to have the ability to print money, or at least separate those that do from their money, to be a developer. 

There'll be widows, orphans, minorities and poor people to put out on the street.  There'll be perfectly good property to blight.  There'll be investors to take to the strip clubs and smoke cigars with.  There'll be architects and codes people to fast-talk and swindle.  All these things take money.

Really, I like Developers.  My wife is one.  I'm just saying it takes big $$$ to get started. 
nota
Oak Tower
Oak Tower
Posts: 5725
Joined: Sat Aug 30, 2003 6:48 am
Location: Northland (Parkville)

Re: Aspiring Developer Looking To Get Start

Post by nota »

Today, up in the Northland, I saw several yellow signs about a real estate developer wanting an apprentice. You might take a look and give them a call.
User avatar
GRID
City Hall
City Hall
Posts: 17083
Joined: Mon Sep 15, 2003 12:20 pm
Contact:

Re: Aspiring Developer Looking To Get Start

Post by GRID »

Were they right next to the "work from home and earn $1000 a day" sign and the "loose 75lbs in 3 days" sign and the "yard sale today!" sign?
nota
Oak Tower
Oak Tower
Posts: 5725
Joined: Sat Aug 30, 2003 6:48 am
Location: Northland (Parkville)

Re: Aspiring Developer Looking To Get Start

Post by nota »

Yep. Is there a problem with that that I'm not aware of other than I hate the signs littering the corners.
aknowledgeableperson
City Center Square
City Center Square
Posts: 12625
Joined: Thu Mar 11, 2004 10:31 pm

Re: Aspiring Developer Looking To Get Start

Post by aknowledgeableperson »

If you want to get your feet wet and have some funds to spend try buying houses that are bank or HUD foreclosers.  On many you can purchase way below market price and do some minor repairs yourself or have a contractor do them (more expensive).  Buy one, fix up, sell, buy another.

A buddy and me just missed out on one.  Could purchase in mid 40's, $10,000 to fix up, market price in the neighborhood $70's and $80's.
I may be right.  I may be wrong.  But there is a lot of gray area in-between.
User avatar
KansasCityCraka
Oak Tower
Oak Tower
Posts: 4795
Joined: Sat Nov 13, 2004 2:01 pm

Re: Aspiring Developer Looking To Get Start

Post by KansasCityCraka »

^^ There was a house down the street from me here in Olathe that got forclosed upon. The house sold for about $130,000 and all the houses in the rest of the neighborhood are $190-210,000.
homewardbound
Parking Garage
Parking Garage
Posts: 7
Joined: Mon Mar 10, 2008 10:16 am

Re: Aspiring Developer Looking To Get Start

Post by homewardbound »

As they say, Real Estate is a "capital intensive" business.  Even if you had the money, it wouldn't be advisable to jump in on anything until you have a little experience.  Some graduate business programs exist for Real Estate Development and taking a few classes there can help put you in touch with the right people.  My advice is to work for the kind of firm that will let you touch all pieces of commercial development, from assemblage through preliminary design through construction and operations.  Then start talking to that rich uncle...
User avatar
Steve52
Alameda Tower
Alameda Tower
Posts: 1015
Joined: Sat Nov 05, 2005 7:26 pm

Re: Aspiring Developer Looking To Get Start

Post by Steve52 »

You might check this book out.

Image

Image
Last edited by Steve52 on Mon Mar 10, 2008 12:15 pm, edited 1 time in total.
User avatar
FangKC
City Hall
City Hall
Posts: 18142
Joined: Sat Jul 26, 2003 10:02 pm
Location: Old Northeast -- Indian Mound

Re: Aspiring Developer Looking To Get Start

Post by FangKC »

Steve, your smoking baby always reminds me of Colin Farrell.
There is no fifth destination.
Post Reply