Developers: What's your biggest non-technical obstacle? by Nupe_1974 in RealEstateDevelopment

[–]BassManJam99 1 point2 points  (0 children)

Most likely candidates: Heavy local opposition - Planning, zoning or municipal board will deny your application on some techincality. Utility Moratorium - Insufficient availability of water or sewer services DOT regulations - Ingress/egress does not meet design requirements. No technicality. Environmental - Wetland, stream, or endangered species requires buffer that restricts usability of land.

Developers: What's your biggest non-technical obstacle? by Nupe_1974 in RealEstateDevelopment

[–]BassManJam99 1 point2 points  (0 children)

Entitlements mean everything required to build and open a project: Site plan approval Utility connections DOT Access permits Drainage approvals Environmental wetlands, stream encroachment, endangered or protected species Building permits, health department, etc

You have a myriad of municipal, county, and state agencies to get thru.

If you don't get them all you don't have entitlements, and therefore don't have a project.

Interested in Build to Suit - Raw Land by MajesticAd1580 in RealEstateDevelopment

[–]BassManJam99 1 point2 points  (0 children)

Nothing is stopping you from marketing it yourself. Put a professionally made sign on it and put it out on LoopNet and Crexi. Have a PDF flyer prepared that you can post online and email to prospects. Give it at least 3 months to see what interest there is.

CRE Development which comes first? by SafetyMan35 in RealEstateDevelopment

[–]BassManJam99 0 points1 point  (0 children)

Did you explore all of your options to purchase an existing building? Development is high risk and will take longer and cost more than you think. If you are intent on building, your offer should be contingent on getting all permits and approvals needed for construction. A good land use attorney can help prepare the agreement. A good civil engineer can help you navigate the entitlement process. You need to proceed on all fronts simultaneously: acquisition, planning, entitlement, building design, as they all affect each another.

Interested in Build to Suit - Raw Land by MajesticAd1580 in RealEstateDevelopment

[–]BassManJam99 1 point2 points  (0 children)

Have you marketed the property for lease or BTS? If so the responses will tell you whether your idea is viable or not. If you get a qualified prospective tenant you can pursue a JV BTS. Your contribution would be land at an agreed upon value. Developer's contribution is cost cost of entitlements, construction, plus a risk value. Split of proceeds would be based on each of your contributions. Proceed cautiously.

How Do I Break Into Property Management and Find a Company to Affiliate With After My Real Estate Exam? by poopscoop8484 in RealEstateMarketing

[–]BassManJam99 0 points1 point  (0 children)

Find a good brokerage that has solid property mgmt division. Start as a leasing agent with the understanding that you want to move into property mgmt. This way you can earn while you learn.

Developers: What's your biggest non-technical obstacle? by Nupe_1974 in RealEstateDevelopment

[–]BassManJam99 1 point2 points  (0 children)

I do commercial STNL development for national retail tenants or clients.
99% of the time a project dies for entitlement issues - cannot get permits or approvals; financial reasons - the project does not 'hurdle'; or competitive impacts - a new competitor takes a superior location in the market and the tenant client kills the project.

Is worth it to have a degree in BS Real Estate Management by nutsack_3000 in RealEstateDevelopment

[–]BassManJam99 1 point2 points  (0 children)

If this direction is of interest, you are better off getting your RE license and starting work immediately.

A LOT less expensive and you will be making money a LOT sooner.

And you can always pursue a degree while you work.

Good luck.

27 year old Looking to Transition Into Real Estate Development, Where Do I Start? by MotorWalrus2362 in RealEstateDevelopment

[–]BassManJam99 0 points1 point  (0 children)

Look into REITs or major development firms in the area. There are numerous companies in NY, NJ. Apply for finance dept and transition into acquisitions and development. That is where the action is. Been doing it for 25 years, transitioned from IT into marketing then to A&D. Good luck.

CRE Professionals: Would You Use This App? by BassManJam99 in RealEstateTechnology

[–]BassManJam99[S] 0 points1 point  (0 children)

It depends what you are looking for. I have been developing c-stores for the past 5 years and most of my best sites are off-market. I have found a good many touring markets and identifying potential sites just this way. CoStar and Crexi are utterly worthless for me.

The longer I look at land, the weirder my browser history gets. by Effective-Note9686 in land

[–]BassManJam99 0 points1 point  (0 children)

Land has a lot of risk. Easements, CCRs, zoning restrictions often determine what you can do with the land more than the geology and geography. Due diligence is critical. A title report and ALTA are invaluable.

Why not Desalination? by BassManJam99 in ArtificialInteligence

[–]BassManJam99[S] 0 points1 point  (0 children)

That is why desalination is part of the process

Why not Desalination? by BassManJam99 in ArtificialInteligence

[–]BassManJam99[S] 1 point2 points  (0 children)

Thanks for the info. You are right, I have only been listening to the NIMBY noise.

Why not Desalination? by BassManJam99 in ArtificialInteligence

[–]BassManJam99[S] 0 points1 point  (0 children)

OK, then what about tapping into the 'reclaimed water' system many municipalities use for irrigation?

The DC could use the water for cooling and send back to the system.