What does a real estate developer do?

 Starting a property development business is a quick route to great wealth and respect. Becoming a developer is about finding and completing your first successful project. But what exactly does a real estate developer do? To help you answer this question, Brooklyn-based real estate developer Abraham Leser, founder of The Leser Group, will explain all there is to know before heading down the real estate developer path in your career.

Abraham Leser uses his academic background in business and project management to evaluate site design, project feasibility, and community integration. Most recently, he bought a Murray Hill assemblage. One of his many projects is residential development of a 230,000 square foot in Borough Park.

Becoming a real estate developer requires years of experience, but the end result can be both professionally and financially rewarding. Having experience in real estate is important when looking to become a real estate developer but there is no rulebook that limits who can become a real estate developer and no single path to achieving a successful career in real estate investing.

The creation of new developments or renovating existing ones and their commercialization, is the work in which a real estate developer specializes. These professionals work hand in hand with partners to distribute risk and workload. They also work for large companies that undertake large-scale real estate development or use real estate development as an investment tool in a diversified portfolio.

Those who wish to enter this career as a real estate developer can do so from various perspectives. They can come from a background like a real estate agent, contractor, or architect.

One of the goals of this real estate professional is to select good teams, organize well, and process effectively, meeting the needs of the project and team members during their stay in control of the project.

An important point to practice this profession is experience in the world of real estate since you must know the market to know if a project will be successful.

On the other hand, those who exercise this trade also have connections with local governments, who will help to achieve the goals that are planned.

Regarding what their functions are, as Abraham Leser points out, they must be prepared to evaluate a wide variety of sites and check whether or not they are viable for a project. Likewise, they must study very thoroughly the markets in which they are considering building.

Last but not least, some real estate developers focus on creating commercial properties and apartment projects, Abraham Leser concludes.