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The most popular post on this blog is this one here called, "What real estate developers do and why I became one." This post alone has been responsible for a good chunk of the organic traffic that this site receives since I wrote it back in 2014. If you search for "real estate developer" in Google it usually comes up on the first page.
Probably because of this post, the number one question I receive in my inbox is about how to become a developer or how to transition into development from some other discipline. Usually this comes from someone who is early on in their career and/or is in architecture (which is not surprising given my background as a fake architect).
I have tried to respond to this question publicly and at scale with a number of different posts. But many of you probably haven't seen them before, and so I figured it would be a good idea to summarize some of them here (they're usually tagged with "developer dirt"):
Studying to become a real estate developer (book recommendation)
Three-legged stool (the three things that every project needs)
Planning staff reports (why they're worth reading)
If you're looking for a more succinct summary of what to do, here is what I would suggest to you. You basically have three options.
1) You can convince someone to take a chance and hire you, even though you likely don't have any development experience. Maybe you have a background in something relevant such as real estate law, architecture, or politics (good). Or maybe you don't (less good). Either way, the best way to position yourself is to understand what it is that developers do and figure out a way to create value for them from day one. You want to be in a position to say, "Yeah, I know I don't have any direct development experience, but I can do X, Y, and Z for you starting today and I think that would be helpful to you for the following reasons."
2) Get a relevant degree. I'm thinking an MBA in real estate or some sort of master's in real estate development. The reality is that the development business has, in many ways, become more institutionalized. It has gone, though obviously not entirely, from rich private families developing with their own balance sheets to more institutional capital sources, such as pension funds. Because of this, there are going to be hiring managers out there who need to check off certain boxes. For example, does this person have a real estate degree? This may make it harder for someone to take a chance on you if you don't have the right experience and/or credentials.
3) Just go out and do it. Despite becoming more institutional, the development business remains, in my view, a deeply entrepreneurial endeavor. You have to be able to problem solve and you have to be creative. The best developers I know don't focus on can't, they focus on how. Because there are too many obstacles in this business. A can't mentality wouldn't get you very far. So consider renovating a triplex, building a laneway suite, or doing something else that allows you to take a piece of real estate and create some additional value. Because that's all that development really is at the end of the day.
If you found this post useful, please consider sharing it with someone that you think would benefit from it. And if there are other topics that you would like me to cover (or cover in more detail), please feel free to leave a comment below or to at me on Twitter. I prefer Twitter over email because it forces brevity. Happy Canadian Thanksgiving, all.
Photo by Bernard Hermant on Unsplash
One of the most common questions I get from readers of this blog is: How do I become / get into real estate development?
In fact, I get it so often that I’ve decided to write a book as my response. It may be a short one or it may end up a long one. If you’ve emailed or messaged me with this question and I haven’t responded, I’m sorry. There’s a lot of you out there. But I do want to help and that’s why I’ve decided to take on this hobby book project.
As part of the book, I’ll be talking about my own journey, as well as the actual nuts and bolts of development. But I would also like to feature some much more established players in the business. In order to do that, I’ve decided to crowdsource some of the content for this book.
So here’s my ask to you: If you’re a real estate developer and would like to share your story, please complete this short questionnaire. You can be located anywhere in the world.
My plan is to select a handful of developers from around the world and then feature their stories, one-by-one. I’m confident that there will be a lot of interest in hearing how successful developers established their careers and/or own businesses.
I’ve been thinking about doing this for quite awhile now. It feels good to get started.
I get a lot of emails from readers of this blog. I try my best to answer every single one of them, but sometimes I fall behind and fail spectacularly at that. (The snooze feature in Mailbox and Google Inbox is one of the best inventions ever.)
One of the most common emails I receive is about careers. Sometimes it’s someone looking for a new job or for advice on how to break into the industry (usually real estate development). And sometimes it’s an employer (or recruiter) with a role they need filled.
It’s hard to match up supply and demand when they arrive in my inbox on an ad hoc basis like this, but I have been thinking about ways I might be able to help these people out.
So today I thought I would try something new. If you have a relevant job listing that you’d like me to distribute to the ATC community (something in architecture, planning, real estate, tech, and so on), email it to me at b@brandondonnelly.
If I get enough high quality listings, I’ll send them out in my newsletter. And if everyone finds it valuable, I may make it a regular feature.
The most popular post on this blog is this one here called, "What real estate developers do and why I became one." This post alone has been responsible for a good chunk of the organic traffic that this site receives since I wrote it back in 2014. If you search for "real estate developer" in Google it usually comes up on the first page.
Probably because of this post, the number one question I receive in my inbox is about how to become a developer or how to transition into development from some other discipline. Usually this comes from someone who is early on in their career and/or is in architecture (which is not surprising given my background as a fake architect).
I have tried to respond to this question publicly and at scale with a number of different posts. But many of you probably haven't seen them before, and so I figured it would be a good idea to summarize some of them here (they're usually tagged with "developer dirt"):
Studying to become a real estate developer (book recommendation)
Three-legged stool (the three things that every project needs)
Planning staff reports (why they're worth reading)
If you're looking for a more succinct summary of what to do, here is what I would suggest to you. You basically have three options.
1) You can convince someone to take a chance and hire you, even though you likely don't have any development experience. Maybe you have a background in something relevant such as real estate law, architecture, or politics (good). Or maybe you don't (less good). Either way, the best way to position yourself is to understand what it is that developers do and figure out a way to create value for them from day one. You want to be in a position to say, "Yeah, I know I don't have any direct development experience, but I can do X, Y, and Z for you starting today and I think that would be helpful to you for the following reasons."
2) Get a relevant degree. I'm thinking an MBA in real estate or some sort of master's in real estate development. The reality is that the development business has, in many ways, become more institutionalized. It has gone, though obviously not entirely, from rich private families developing with their own balance sheets to more institutional capital sources, such as pension funds. Because of this, there are going to be hiring managers out there who need to check off certain boxes. For example, does this person have a real estate degree? This may make it harder for someone to take a chance on you if you don't have the right experience and/or credentials.
3) Just go out and do it. Despite becoming more institutional, the development business remains, in my view, a deeply entrepreneurial endeavor. You have to be able to problem solve and you have to be creative. The best developers I know don't focus on can't, they focus on how. Because there are too many obstacles in this business. A can't mentality wouldn't get you very far. So consider renovating a triplex, building a laneway suite, or doing something else that allows you to take a piece of real estate and create some additional value. Because that's all that development really is at the end of the day.
If you found this post useful, please consider sharing it with someone that you think would benefit from it. And if there are other topics that you would like me to cover (or cover in more detail), please feel free to leave a comment below or to at me on Twitter. I prefer Twitter over email because it forces brevity. Happy Canadian Thanksgiving, all.
Photo by Bernard Hermant on Unsplash
One of the most common questions I get from readers of this blog is: How do I become / get into real estate development?
In fact, I get it so often that I’ve decided to write a book as my response. It may be a short one or it may end up a long one. If you’ve emailed or messaged me with this question and I haven’t responded, I’m sorry. There’s a lot of you out there. But I do want to help and that’s why I’ve decided to take on this hobby book project.
As part of the book, I’ll be talking about my own journey, as well as the actual nuts and bolts of development. But I would also like to feature some much more established players in the business. In order to do that, I’ve decided to crowdsource some of the content for this book.
So here’s my ask to you: If you’re a real estate developer and would like to share your story, please complete this short questionnaire. You can be located anywhere in the world.
My plan is to select a handful of developers from around the world and then feature their stories, one-by-one. I’m confident that there will be a lot of interest in hearing how successful developers established their careers and/or own businesses.
I’ve been thinking about doing this for quite awhile now. It feels good to get started.
I get a lot of emails from readers of this blog. I try my best to answer every single one of them, but sometimes I fall behind and fail spectacularly at that. (The snooze feature in Mailbox and Google Inbox is one of the best inventions ever.)
One of the most common emails I receive is about careers. Sometimes it’s someone looking for a new job or for advice on how to break into the industry (usually real estate development). And sometimes it’s an employer (or recruiter) with a role they need filled.
It’s hard to match up supply and demand when they arrive in my inbox on an ad hoc basis like this, but I have been thinking about ways I might be able to help these people out.
So today I thought I would try something new. If you have a relevant job listing that you’d like me to distribute to the ATC community (something in architecture, planning, real estate, tech, and so on), email it to me at b@brandondonnelly.
If I get enough high quality listings, I’ll send them out in my newsletter. And if everyone finds it valuable, I may make it a regular feature.
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