There are a number of different ways to work in the real estate development business. They include buying, improving and selling property; buying, improving and renting out property; and improving property that you already own, and renting it out or selling it. The property can be either commercial or residential.
Each of these practices requires carefully planned strategies. Before you can ever consistently turn a profit on real estate investments you’ll need to find the best properties you can to work with and get the best possible financing for them. Real estate investors typically estimate their return on investment, or ROI, as a way of deciding whether the property in question is worth the effort it will take to buy it and turn it into something profitable.
One technique is what is known as flipping a property. This involves acquiring it, often at a reduced price, and then making improvements to increase its value. Then it is sold at a profit. Flipping is something that is usually done quickly, in as little as thirty to sixty days. This is a very dangerous proposition, though.
Clayton Perlman has been in real estate for many years. He has a family history as both a part of the family business that was a real estate firm, on construction jobs and also in real estate acquisitions. They established a local development company in the state of New Jersey, which began in the field of building single-family homes and has evolved into multifamily projects and other developments across a number of states throughout the country.
Running a marina is a demanding task that, almost by definition, involves a great deal of work. Many people are curious about investing in a marina, in part because of their love of the ocean. Like any investment, there are many things to consider.
There are many regulations in the maritime industry including such things as the water itself, the right to use certain waterways, the storage of boats, and many more. What most people may not realize is that businesses such as boatyards and marinas are one of the most stable areas within the boating industry. Statistics show that even during tough times, most boats remain in use. They need to be stored somewhere, and the thing that gets affected most is their duration of trips rather than the keeping of the boat.
Thankfully, one of the forces at work is the fact that marinas are considered to be very good for local economies. They employ local workers who spend money within the community and a well-kept, and maintained marina pays its property taxes, sales taxes and income taxes on a proper schedule. Clayton Perlman is a partner and operator of Browns Point Marina in Keyport, New Jersey. His operation is a significant economic generator within the community, and he pays fair wages because he has built-in the aspect of quality and service into what he does.
There are many different avenues that one can take if they choose to enjoy a career that is based on the love of the ocean. Some individuals may captain ships, charter boats, choose to be divers and many other choices are available. Others enjoy working with people who also love the water and hearing their stories and attempts to reach out into the ocean throughout the year.
One opportunity is to pursue the running of the marina. In today’s world of real estate, building one can be extremely expensive and filled with red tape and other obstacles. An individual that is looking at running a marina would have to be quite oriented towards running a business. This is exactly the path that was taken by Miami, Florida native Clayton Perlman. He grew up with a tremendous passion for the ocean and the various activities that surrounded it. He owns and operates Browns Point Marina, a successful marina based in Keyport, New Jersey. He has been running it now for about a decade.
Clayton Perlman was engaged in a number of other businesses, which are enough for him to survive in tough economic times. He feels fortunate to have a diverse skill set that enables him to branch into multiple business ventures.