[Atlas-news] NUMBER ONE Success System

[Tommy Lee]

http://www.noss123.com/


 Land developers

Land developers typically acquire natural or unimproved land (often referred
to as englobo land, raw land, real property with no improvements or
infrastructure) and improve it with utility connections, roads, earth
grading, covenants, and entitlements. Infrastructure improvement provides a
base for further development of built improvements. Covenants define the
context in which future development of built improvements may take place
(often in the form of deed restrictions on particular parcels: a sort of
"private zoning code" limited only to those properties). Entitlements are
secured legal permissions from regulatory bodies (typically in the form of
permits, but sometimes in the form of re-zoning or planned unit
developments). Once these improvements have been made to the raw land, it is
typically subdivided and sold piecemeal at a profit to individuals or
building developers.

Building developers

Building developers acquire raw land, improved land, and/or redevelopable
property in order to construct building projects. The buildings are then
sold entirely or in part to others, or retained as assets to produce cash
flow via rents and other means. Some building developers have their own
internal departments for designing and constructing buildings (more common
among larger developers), while others subcontract these parts of the work
to third parties (typical of small developers). k

Where do developers come from?

Although there are specific educational programs which are tailored to
teaching real estate finance with an emphasis on development (in the United
States, typically MBA programs at university-level business schools), most
real estate developers enter the business from other professional areas.
Most often, persons in related fields (architecture, accounting, law,
engineering, construction, planning, etc.) enter into real estate
development via personal interest and opportunity, and then choose to make a
career out of it if successful. An educational background in finance is
typically a prerequisite for obtaining entry-level employment with an
established development company, although many development company managers
tend to come from architecture, construction, and related fields. Real
estate development requires extensive and complex financing arrangements to
be successful, as few people or organizations have the money to undertake
development projects on their own (see below).
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