How To Become a Real Estate Developer [Everything You Need To Know]

How To Become a Real Estate Property Developer [Everything You Need To Know]. Want more tools and tips for real estate entrepreneurs, subscribe to my channel: youtube.com/@olivergraftv?sub_confirmation=1 More at OliverGraf.tv

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How To Become a Real Estate, Property, and Land Developer

Are you ready to jump into the real estate development game? Then watch this video of In The Know - The Oliver Graf Real Estate Show where Oliver talks with Andrew Greer, CEO of Thomas Strafford Investments about how to build real estate development projects.

Andrew shares some inside tips on How To Become a Real Estate Property Developer:

1. Building relationships with key city personnel
2. Learning how to go from land to approval to construction
3. Knowing what changes you could make to help you get approved and get bonuses from the city

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Here is a breakdown of the show:

:44 How a real estate development deal works
2:26 What can a realtor do to facilitate a development deal
4:13 Did that bird just shit on my head?
4:50 How do you find your local office in your area
7:50 Changes in zoning, density and how knowing about it can help
11:35 How To Prepare Your Real Estate Development project report with the city...with pages of comments
17:45 What departments need to sign off on the deal
22:20 What is the difference between zoning and a community plan
17:06 Automate and Outsource "Persistence"... Be Everywhere
25:55 What are "bonuses" from the city and how to qualify for them
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How To Become a Real Estate Property Developer

On this episode of the show, Andrew explains the fundamentals of a development deal, discussing his strategies for finding quality consultants and developing a positive relationship with the city. He walks us through the permitting process, the costs involved in putting together a consultant team, and the components of the package a developer presents to the city. Andrew speaks to California’s affordability bonuses and offers insight around navigating zoning challenges. Listen for advice on securing local vendors and learn how Andrew uses a community plan to identify the path of least resistance! Evverything you need to know on how to build a custom home...

Key Takeaways [0:38] The fundamentals of a development deal

Plans—permits—construction (12-18 months) Discretionary process takes longer [4:46] Andrew’s strategies to find quality consultants

Recommendations from city Look through OpenDSD [6:10] The conceptual phase of a development deal

Ask planning department for community plan Look for ‘path of least resistance’ [10:26] The permitting process

Work with consultants to generate construction docs Turn in for review, comments back in 30-35 days 3-4 review cycles on standard project [15:20] The package developers present to the city

12 sets of technical drawings, math booklet (350 pages) [18:10] The general expense of the consultant team

Title 24 $500-$800 Civil engineer $20K-$100K Architect $15-$25K ($80-$90 condos) [22:04] Andrew’s insight around zoning challenges

Fix discretionary issue with ‘neighborhood study’ Note others in area, pull zoning info [23:20] How to get information on easements and setbacks

Pull setbacks from municipal code or find on OpenDSD Easement issues common with regard to driveways Review intensification with attorney (rights, access) [25:50] How to take advantage of California’s affordability bonuses

Removal of parking spots for affordable units [27:39] What Andrew wishes he known from the beginning

Pay more for hyperlocal vendors ‘They just know the answers’ Connect with Andrew Better Tomorrow Group

Quotes From the Interview

“If you can play to what [the city] wants and not encounter any extra resistance—because you’re going to get resistance somewhere—the more friction I can remove up front by doing what they want, the better.”

“I go to all of my meetings where the engineer or the architect are called in … and I stay involved in the conversation. It puts a face to a name, and it changes the dynamic.”

“If we do condo maps, we like to get them re-reviewed and certified by an outside architect as a waiver for everybody to protect us from any issues.”

“The best way to get [discretionary approval] is to go out and do a study of the neighborhood, and you can do that with your eyes and a notepad.”

“One bonus is that you can intensify the density of a property by one-and-a-half times if you give an affordability bonus. That might be 5% low income or 10% very low income.”

“[Hiring hyperlocal vendors] has been the best relief of stress and pressure on us because they just know the answers in that building department.”

How To Become a Real Estate Property Developer - Oliver Graf