Building Success as a Real Estate Developer

Like most industries around the world, real estate has also significantly changed over the years. This is why if you want success in this industry, simply knowing about the field is not enough - you need to constantly be ahead and plan for the possible changes in the future that will be witnessed in the industry.

At first, this might seem intimidating, and you might feel like you do not have what it takes to keep up with the changing trends, - but we believe that with the proper guidance and training, people joining the real estate industry can start on the right foot and make a name for themselves. Fortunately, we already have professionals like Alexandre Mansour who are willing to share tips to help you take the first step.

Alexandre Mansour is a highly acclaimed French entrepreneur and real estate developer who founded the prestigious Nomad Residences and Nomad Capital - a real estate investment and development company based in Europe, with offices in Portugal, France, and the Netherlands.

Mansour's areas of expertise include portfolio and investment management, trading, financial modeling, business strategy, and real estate management and development. Additionally, he also sits on the Board of several Portugueses based real estate companies.

His other roles in business include being the First Advisor, the board member for LovelyStay, and was an investment manager at AXA US and Managing Partner at French Desk Capital Management in New York City.

As someone who has had a lot of experience in the field, here are some of the things he has shared with aspiring real estate individuals who want to join the industry.

Understanding Discipline

For a developer, having a basic understanding of discipline is key to success. The discipline is associated with the numbers; you must be conservative regarding their projections for exit prices. The finishes they use and the homes they build cannot go beyond the market price.

Having Access to Valuable Data

As technology advances over the years, accessing data has become far easier than before. With data at hand, real estate developers do not have to guess anymore - they can simply look at historical and real-time data and make adequate decisions about the market's direction and the opportunities it presents.

Focusing On Relationships

Another important thing that you need to focus on once you join the real estate industry is that you need to start maintaining your business relationships with many people.

Knowing the right people in the field can get you access to all kinds of good deals at a discount, fix up houses under reasonable prices should you ever need it, and for those who have experienced tenant evictions and foreclosures.

Recruiting the Dream Team

Development is a team sport, and hence, you must have the right people for the job. Start by building relationships with the local banks, planning department, and local brokers to discuss ideas with and even include in your plans. And then, all you need is to find contractors that fit your business styles and also agree to work within your budget limits.