What should a beginner real estate developer keep in mind to succeed in the industry?
https://sites.google.com/site/abrahamcababiedanielmx/blog/two-essential-points-on-real-estate-development
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Two essential points on real estate development abraham cababie daniel
1. 4/2/2018 Two essential points on real estate development - Abraham Cababie Daniel
https://sites.google.com/site/abrahamcababiedanielmx/blog/two-essential-points-on-real-estate-development 1/2
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Two essential points on real estate
development
posted Dec 28, 2017, 5:09 PM by Abraham Cababie Daniel [ updated Dec 28,
2017, 5:10 PM ]
Real estate development is no joke. Some rookie developers may
find the entire thing quite daunting – probably daunting enough to
make them quit. Multiple responsibilities are coming in from all
directions, and too many issues to consider. Many developers wish
there were more hours in the day, but have to tackle with reality
instead. However, once one gets the hang of it, real estate
development can be done. Here are two tips to ease the newbie into
the world of real estate development.
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Research
The best real estate developers know all-too-well the importance of
research. In fact, they don’t mind spending endless hours getting
the information they need before they dive into the development
process. The knowledge gathered from research reveals a ton of
required details such as the target markets, the state of the
community, the proper management for the building, the time
frame, and much, much more.
Plan
The next logical step after completing an exhaustive research is the
planning. Of course, all the information from research has to be
organized in a schedule. When to do what? Also, what problems or
holes in the community will the new property solve or cover? How
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2. 4/2/2018 Two essential points on real estate development - Abraham Cababie Daniel
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will the new property make money? Who does the developer contract
to build the structure? The planning stage answers all these
questions and many more.
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Abraham Cababie Daniel is a successful real estate developer and
GICSA CEO. Under his administration, the company has been
awarded with the "Developer of the year" prize of Real Estate Market
& Lifestyle and Hábitat prize in 2007. For about him, visit this
LinkedIn page.
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