Text of Douglas Ebenstein - Becoming a Successful Real Estate Developer
1. Douglas Ebenstein - Becoming a Successful Real Estate Developer By Douglas Ebenstein
2. Introduction As president of Capital Commercial Properties of Boca Raton, Florida, with its legal office in Falls Church, Virginia, Douglas Ebenstein developed a recognized Mecca for Asian culture on the East Coast. First built in the 1960s, Eden Center, under the leadership of Douglas Ebenstein, transformed a neighborhood shopping center into a regional shopping center that features multiple malls including the modern Saigon Garden and Saigon West areas. Doug Ebenstein joined Capital Commercial Properties while he was a student at Duke University pursuing his law degree.
3. Becoming a successful real estate developer requires attention to some key points, including: Choose the location wisely Most experts recommend conducting significant homework regarding location prior to searching for a property. This task may involve examining the median price of homes in the area or determining what types of development projects surround the property. Knowing this information beforehand gives developers a good indication of the growth potential of real estate in the immediate vicinity. Determine the budget Once a developer locates a property, he or she must be aware of what is realistic with regard to the budget for the new investment. Financial elements to consider include a down payment, monthly mortgage payments, and the cost of renovation and redevelopment.
4. Conclusion Develop an expertise Experts recommend developing expertise in a specific area, whether it is retail establishments or luxury properties. That way, developers establish a brand and reputation for being an expert in one particular niche.