Real estate development is a generic term that refers to a multi-faceted business. It encompasses the purchase of land and the development and construction of new buildings, as well as renovating and leasing existing buildings. The real estate market always has a major presence in the economy, whether it is a positive presence or a negative presence. When a local economy is booming, a real estate developer can be successful. However if a local economy has fallen, surviving as a real estate developer can be a great struggle.
Beginning a career in real estate is difficult. It is important to learn about the local market and be able to predict the swings of the housing market. It also requires a great deal of personal investment. Maintaining a career in real estate development is risky and could collapse at any moment. However the rewards are often worth the risk.
Many people who develop a career in real estate start from scratch and spend several years struggling. In the beginning, it can be difficult to reap a profit from personal investments and real estate developers are slaves to the economic market. It often takes years to build a solid career in real estate, but once that career has a solid foundation, it yields a strong profit.
Clayton Perlman has spent most of his career working in real estate and real estate development. He started by working for his family real estate business. He honed his skills when his family business began developing homes in California. In 2005 he began to develop real estate in New Jersey, a place where he could pursue his love of boating and fishing while continuing his professional endeavors.