Having a formal education isn’t necessary, as Joe Armato, owner of Nationwide Consulting and Contracting, Inc., can tell you. Over the last 27 years, Joe has worked hard to build a successful real estate development company that focuses on developing high-end projects in Manhattan and the Hamptons.

1. How to Become a Successful Real
Estate Developer?
BY - JOE ARMATO

2. As the economy turns around after the
recession, real estate is once again
becoming an attractive investment.
One of the more profitable sides of
real estate investment comes in the
form of real estate development. Real
estate development is essentially, what
propels the growth in the real estate
industry.

3. A successful real estate
developer has the education and
experience to help them navigate
through the often volatile and
always challenging industry.
A real estate developer
purchases property with the
intent of developing a
commercial or residential
property.

4. Real estate developers come from a variety of backgrounds and
disciplines. They may have started out as real estate agents,
buying and improving properties; eventually selling them for a
profit.

5. Others may come from the
construction industry. They begin
by contracting to build
commercial property or homes in
existing developments with the
intent of eventually taking on
partners who can help them to
develop their projects. Others
may start out working for an
existing real estate development
company focusing on a specific
type of real estate, before
branching off and starting their
own projects.

6. There are many skills that a real estate
developer must possess to be successful.
One of the most important skills a
developer needs to have is financial skill.
Projects require the developer to be able to
make the right choices when purchasing,
financing, developing, and selling or leasing
their properties.

7. It is also important for them to be organized, have interpersonal skills,
marketing, and analytical skills. Having a formal education isn’t necessary,
as Joe Armato, owner of Nationwide Consulting and Contracting, Inc., can
tell you. Over the last 27 years, Joe has worked hard to build a successful
real estate development company that focuses on developing high-end
projects in Manhattan and the Hamptons.

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