To become a real-estate developer, obtain a business degree, attain a real-estate license, get a job, build relationships with others in the real-estate field, seek financing, then start investing money into real-estate projects. Good credit and substantial cash reserves are necessary to become a real-estate developer.
- Get the proper education and credentials
Obtain a degree in urban development, construction management, business administration or finance. After earning your degree, take real-estate classes, and pass the real-estate licensing exam.
- Find a job in the field
Find a job related to buying, selling or developing land. Learn as much about the real-estate field as possible. Begin saving money and building your credit history while working and gaining experience.
- Forge relationships
Establish bonds with contractors and construction firms that can help you become successful as your career develops.
- Conduct research
As you gain experience, start researching trends in the industry, such as fluctuations in real-estate pricing. Learn when to buy low and sell high, and use special services to get accurate current information.
- Seek financing for investments
Build relationships with lenders so they can finance your investment endeavors and give you competitive rates.
- Start investing
Start investing in projects. Work with a seasoned developer until you gain enough experience to begin working and investing on your own.