The FIRST Step To Becoming A Real Estate Developer
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- Опубликовано: 10 фев 2025
- Every time I’ve tried to do something hard in my life, whether it be learn to play basketball or build a $10M/year real estate development company, I’ve run into the same reality: the ONLY way to start something new, is to start by being bad at it!
This week I’ll share some of the ways I’m STILL bad at my job (and hopefully steadily improving), and why it’s OKAY that I’m bad, and if you’re building a business, it’s OKAY if you’re bad too!
There is no path to success that skips the step of being new, unpolished and downright bad at something. That’s step one. Thankfully, it leads to the steps after it as we slowly improve bit by bit, and struggle and stumble our way to mastery.
If you’re getting something out of these videos and you are inspired to develop real estate, to build a business of your own, or to stretch and push yourself to become the greatest version of yourself, then please join me by subscribing to my channel and let’s grow together!
KEEP CHOPPING WOOD!
ALSO, If you’re curious about development but not sure yet, grab your copy of my book ‘Real Estate Development 101’ here: a.co/d/iE1sYts - It’s a great place to start with minimal investment.
Learn to develop real estate just like I did! Join the DEAL ARCHITECT community of developers by going here: www.dealarchitect.org
Learn more about how we give back at www.anchortn.com/giving
Insta: @brianbandas
Good stuff! This one spoke to me. I'm in the 'suck' right now also. So can 100% relate. Still need to get the reps in and fall forward
Man I REALLY feel your pain! I just watched a video on the Dunning Kruger effect which totally spoke to me. I was super confident, now I'm in the phase where I've learned a lot the hard way--I've learned a lot more but realize just how crazy far I have to go!
Thanks for the video! Just starting my real estate development company.
Absolutely man, best of luck to you! You got this! Stay resilient!
How much money you started with
Me too man
Great video!
Thank you brother!
The more you try the more you fail, the quicker you bounce back, the quicker you learn, the quicker you learn, the closer you are to your goal.
Moving from thinking to execution is key...
100% agree!!
I'm in the midst of exactly what you're talking about. I love that you put it all out there and are honest and humble. Yes, these challenges in life require us to take a serious inventory of our skills and be brave enough to acknowledge our limitations. Your message is positive and uplifting. Thanks for being a good example! It would be so easy to just give up - but, nope! Pain is definitely hard, but, to grow, sometimes you must push through the pain, and yes, that's how we learn. Thank you so much for posting this video!
amen to that! pain, failure, loss, it's all necessary. Not fun at all, but so necessary to rising to greater heights and fulfilling our potential. I promise to keep going if you promise to keep going!
make a video on partnering with builders 🔥🔥
Awesome man, I'll start to put something together! Any specific questions about this you want me to address?
Thank you for the great information! I’m currently in the process of starting my real estate development journey.
That's awesome, good luck! Hope some of this proves helpful!
Thanks for all your videos. Just found you and subscribed. I have a lot of catching up to do (watching your previous videos).
Thank you so much! I’m honored and I hope you find some helpful stuff here!
damn i thought it 934k whilst i was watching the video , later i realised it was 934. crazy underrated bro ; WAY TO GO 🚀
hahah bro this comment made my day! Maybe we'll hit that 934k someday! Just gotta keep on going! thanks for the kind words!
i live in norcal , California and wholesaling right now , my main goal is to develop , the problem i see is in the future getting approved for the loans on these developments. would you recommend a college degree like a real estate Development Masters degree, i would like build in silicon valley and i know this a longterm play . but im not sure if a masters would help getting approved in such a crazy market . do you think doing the barrier to entry is difficult or impossible in this liberal state
i plan to developing in my current market , which is out of silicon valley , and i plan to develop maybe 20 properties before i go into silicon valley . with that in mind . what do you think i really appreciate it
i plan to developing in my current market , which is out of silicon valley , and i plan to develop maybe 20 properties before i go into silicon valley . with that in mind . what do you think i really appreciate it and the degree i would want to be credible to banks , like look i even have a masters..
Hey Francisco! I’ve got two answers. First: a masters degree will make no difference at all in getting the loans you need. I’m Not saying not to get one-maybe the knowledge gained in a RE development masters degree will make a big difference! Much more valuable will be building relationships with investor partners. Early on they can co-guarantee loans with you, help bring the needed cash, etc.
Second: to put it bluntly, my experience has been that areas with more liberal governments are more difficult to develop in. I’m sure there are exceptions but it does need to be factored in. I don’t think it means it’s too liberal to do it there-I’m sure someone is doing it profitably! But it definitely means you need a lot of cushion in your numbers for higher fees, holding costs for longer periods of time, higher taxes, etc. I’d make sure you talk to experienced developers in the area to try to discover any costs that aren’t currently on your radar.
How did you get into developing?
Slowly climbed the real estate investing mountain, I guess you could say. I liked but didn't love most of it: flipping, wholesaling, short term rentals, etc. But I grew up around new construction and always loved that. So finally took the leap to what I really wanted to be doing. I don't assume it's the perfect path for everyone but there's a lot about it for me personally that makes it a great fit.
This video hits hard, I love the transparency!!!!!
Haha bro thank you! Everybody’s gotta go through-I’m in the THICK of it myself!
Great video
Thank you!
Do u need a construction general contractor license
Only if you intend to build for yourself. You can definitely develop without your GC license by partnering with builders. Thats how I did my first 15 deals or so.