Thanks - It is great to have you out there.
by David Supple
(Stoneham, MA, USA)
Thank you very much for making yourself so accessible. That is very commendable and appreciated. You are right - there is not much out there on how to get started as a developer - and that is what I want to do.
I have the intention of being able to do large developments which enrich the lives of those that use the space and improve the quality of life for as many people as possible through development.
I am 30 yrs old and own and run a design and build company in the Boston, Mass area. I was trained as an architect and worked as one after college before starting my company.
What I realized then is that I did not know how to build as I had never put anything together with my own hands before. I then worked as a carpenter for a year and then started my own company, in which when I started out, I did most of the work myself.
Since then the company has grown and I mainly handle sales and the management of the company. We specialize in residential remodeling - mainly additions and we are doing quite well. For me though, my passion is in development and I feel like it is time to get into it now.
My idea has been to gradiently work my way up the ranks, as I feel I have done in my professional career so far. I plan to start with residential development and then work my way up.
Specifically, to start, I am looking to purchase a home where I can live and also create rental income. From there I plan to build my credit and equity and continue to do residential developments, while continuing to run my existing business.
Do you recommend I start with your Residential Development program? Are there any others you recommend I get as well - what about the Trump College?
Any advice you could give would be greatly appreciated and thank you again.
Thank you for your fantastic email setting out just about the 'perfect template' for a successful developer.
What you have done so far in the study and the application of that knowledge cannot be inproved on - so to start I want to reallt congratulate you on your logic and application - just damn fantastic.
Grab my Residential Course as that is the one for you; OK?
Now to the rest of your questions.
I would not buy a house now or in the next 3 years 'at least,' because of economic circumstances. The downturn since 2007 is not over - banks are in trouble - deflation is a growing fact and you shoud take my 3 years projection into account when considering positive action on the business front.
However those 3 years are going to be the best years for preparing for the next growth phase by learning my development course and doing all the research that will be the foundation for the rest of your working life.
Remenber the best opportunities are when the world is the most pesimistic, which of couese is at the bottom of the market. However really smart people are 'prepared' and ready to pounce and grab their opportunity.
Trump University does not teach real estate development. They only teach real estate investment, which is where the biggest interest is - more volume. Development requires a different more active and knowledgable person, whereas investment is a more passive activity.
Many investors will view the opportunities available today on foreclosures as great investments and as a result 'Buy' way too early and be sorry. Don't be one of them David!!
Hope this helps you David.