Real Estate Development Opportunities

 

In our country, we can find different real estate projects whose purpose is to provide services and comfort to its residents, regularly known as real estate developments. If you are interested in these projects, here, real estate developer Jack Bistricer will explain what they are about and what are the benefits that investing in one can bring you.

As the Chairman and CEO at Talisker Corporation, a company that provides real estate development, construction, leasing, and management services, Jack Bistricer has extensive experience in the real estate development sector.

What is a real estate development?

In brief, property development is the purchase of real estate (property or land) with the intention of adding value by renovating, refurbishing and/or extending to generate a positive return on investment. It really is that simple. However, getting it right isn’t always quite as straightforward.

For the progress of this class of projects, it is necessary to select from a land to build, obtain legal permits, have plans approved by the corresponding authorities, obtain and prepare the materials, even develop a previous 3D model for future investors interested in them.

One of the best options on the market

In the United States, there has been a growing trend in the construction of real estate developments as they offer multifunctional spaces, luxury amenities, an excellent location, proximity to various services and all at an attractive price for you as a client.

An extremely practical solution considering that, thanks to the current situation in the world, a large part of the population is studying or working remotely, always considering your well-being, comfort and functionality.

Although there are numerous potential financial gains to developing property, it is also important to understand the possible risks involved for inexperienced or first-time developers. Here Jack Bistricer explores the pros and cons of property development whilst highlighting the advantages of working with an experienced development company.

High return on investment

The biggest advantage of property development is the potential to generate significant return on your investment. However, identifying a property development opportunity that is likely to deliver the desired level of return can be extremely challenging, especially for first-time developers.

Jack Bistricer and his company Talisker specialize in sourcing real estate opportunities in unique locations, transforming them into high quality homes to achieve maximum financial return.

Greater stability

Over time, property has proven to be a more stable investment when compared to other investment options. Despite it’s up and downs, the property market as a whole tends to be a lot less volatile than other markets, such as the stock market.

Jack Bistricer offers investors a unique opportunity to take advantage of the team’s skills and experience and to invest into their choice of development projects, generating potentially significant returns on their investments.

How to Add Value to “Your List”

 

Let me ask you several questions about your real estate business, to see if your strategy is in the long term,

§  Are you now laying the foundation for the sales you hope to have in 6-8 months?

§  Do you use any method or system to be close to prospects who tell you they DO NOT want to sell now?

§  In short, apart from current vendors, are you trying to generate business in the medium-long term today?

You've probably heard the phrase that says "The Money Is In The List." Well, it is not 100% true.

According to real estate executive Jack Bistricer, you don't need to have a huge list of prospects or followers to be able to generate sales. It's not so much about the size of your list ... as the relationship you have with those subscribers, and the influence and credibility you generate to convert them into customers.

So, the question is ... how can I build a strong relationship with my little subscriber list?

Here, Mr. Jack Bistricer, Chairman and Chief Executive Officer at the Talisker Club offers you three tips that can help you achieve exactly that.

Why is Real Estate After Sales Service Important?

 

Having contact with the client after selling a property can be the key so that as a broker you obtain better results, hence why the real estate after-sale service is important. According to Jack Bistricer, CEO of the Talisker Club, after sales service plays an important role in customer satisfaction and customer retention. It generates loyal customers and increase a brand value.

It takes far more time and energy to gain a new customer than to sell your product repeatedly to those you already have. It is therefore mandatory in Jack's book to provide excellent service to his customers, especially after he has made the sale, so they will continue to do business with him in the future.

The relationship with the buyer should not end as soon as the acquisition process ends, as in the future it may be the means to reach more people. Implementing this stage in your sales strategy can be that one thing that distinguishes you from other professionals in the real estate sector.

Here, real estate executive Jack Bistricer shows you an overview of everything related to real estate after sales.

What is a Multiple Listing Service?

 

Do you know what a real estate Multiple Listing Service is? On this occasion, real estate industry expert Jack Bistricer explains in detail what this system consists of, how it works and what advantages it can offer to your real estate agency.

If you don't know the meaning of MLS real estate, don't worry! Jack Bistricer will begin by explaining this concept in a brief and simple way so that you do not have any doubts about it.

What is a real estate Multiple Listing Service (MLS)?

We can define the Multiple Listing Service (MLS) as a collaboration system between different professionals in the real estate sector that seek to provide a better service to the user.

Through this MLS real estate system, properties are shared exclusively, which are transferred to a common real estate exchange for the members. In this way, everyone who is part of the system can offer these properties to their clients.

You may wonder what is the benefit that each professional obtains with this method. When a transaction is closed, the fees are shared 50% between the agent who contributed it and the one who managed to close the deal with the client.

Opinions of a real estate Multiple Listing Service

Users often access a real estate MLS network in order to enhance their customer experience through professional service coupled with the use of the most innovative tools.

Many real estate agents choose this method, since a group of the best professionals in the sector is produced to provide the client with the property that they really need. Efforts come together and, therefore, the result is more satisfactory, explains Jack Bistricer, CEO and Chairman at Talisker Club.

In addition, the coopetition allows the agents associated with the MLS not to be alone during the difficult process of buying or selling a property.

Some professionals believe that belonging to a real estate MLS has given them greater recognition, an increase in fees and they have been able to offer excellent quality services, so there has also been an improvement in the image of the company.

As for whether the client is concerned that their home will be shared, the truth is that the vast majority agree that it should become part of the system, since the chances of success increase considerably.

Why implement an MLS?

Implementing an MLS in your real estate agency will provide you with many advantages. For example, you can participate without having to leave the office.

Ultimately, both the recruitment and sale process become something more enjoyable for the real estate agent and success increases. Read on to find out in detail what are all the advantages and benefits of a real estate MLS.

What is the purpose of a MLS?

Jack Bistricer roughly summarizes the use of an MLS in two functions:

·         It is responsible for producing a greater uptake of properties in a simpler way.

·         It helps clients find their ideal home quickly. The sale closing process will require less time compared if we only offer the homes of our agency.

Advantages of an MLS for real estate

By belonging to an MLS for real estate, you get a lot of advantages and benefits. Here are some of them:

·         Closing efforts are simplified, since properties are shared within the system. This means that we can close deals with a greater number of clients.

·         If you do not have a wide portfolio of clients, you can offer the properties of other real estate agencies.

·         The client usually feels predisposed that his home becomes part of this system, since he is aware that the sale will take place more quickly as it remains in the hands of a large group of professionals.

·         A type of networking is created in which each real estate agent exchanges his experiences with other agents in the sector. This fact causes an increase in the degree of training and professionalism, since everyone learns from the other members of the MLS.

·         Users often have access to courses for real estate agents. In addition, they usually also have forums and other events.

·         Joint growth occurs.

·         The service offered within a real estate MLS network is better. As a result, the professional acquires a greater prestige and the client is satisfied.

How to Find Your Return on Investment (ROI) in Real Estate

Entering the world of real estate investing is a great way to build wealth. However, in order to succeed you must find profitable real estate investments. The goal of real estate investing is realizing a good profit. Understanding the return on investment (ROI) concept and how to calculate it is critical to meeting that goal.

Calculating ROI can be a helpful tool in gauging the value of an investment. You're not buying property to lose money, and you'll want a rough idea of how much you stand to gain if you decide to move ahead with the purchase. Bellow, Canadian businessman Jack Bistricer, explains how you can determine your Return on Investment (ROI) in real estate.

How to calculate the real estate profitability of a property?

The profitability of a real estate can be calculated after having sold the property, since this way the operation can be carried out with the exact amount for which the property was sold.

In this sense, Jack Bistricer adds, the return on investment when selling a property is calculated with the following operation:

(Final sale price - investment price / investment price) x 100

Example: If you bought an apartment for $ 135,000,000 and with the help of the capital gain it was sold for $ 148,000,000, the return on the investment is obtained as follows:

(148,000,000 - 135,000,000 / 135,000,000) x 100 = your profitability was 9.62% and your profit was $ 13,000,000

Sometimes the property is not sold at the price that the market demands, which is why sometimes you can get much less, and at other times, depending on the geographical and social context, much more.

As a  savvy real estate investor, Jack Bistricer, Chairman and CEO of the Talisker Club, always buys investment properties that yield a good return on investment.  Here are the three factors to know if the property will be profitable:

Selection of properties

Selecting the right property is quite important. Location is also an important factor that property investors should take into account before making any investment decision if they want to succeed in the business. Location determines many aspects related to real estate investments. In that regard, the best advice that Jack Bistricer can offer is to buy an investment property are where demand for real estate investing is higher than the available supply of properties.

Searching on Internet platforms, specifically in real estate portals or reaching put to a professional real estate agency are good options. Compare real estate properties with similar characteristics: rooms, bathrooms, appliances, common areas, outdoor space.

 

Real purchase price

The main key is to know how much the price can be lowered during the negotiation. For this, you can resort to official studies such as notarial ones, to find out what is the real price with which the houses in the sector that interest you are sold.

Most of the professionals in the real estate sector estimate that the percentage of discount compared to the initial price is between 10% and 20%.

The most practical formula

When the asking price is known, a profitability calculation must be carried out. Jack Bistricer, a real estate professional affirms that "a home must have an annual profitability of at least 5%. Anything bellow that it is not worth buying".

 

The security of investment in real estate profitability

Investments in the real estate sector continue to position themselves as one of the most reliable assets on the market. Times are constantly changing and people who dare to seek new opportunities no longer place their decisions on instincts. Now the world has vast access to information and expert advice that gives us the foundation to make good decisions.

 

Characteristics of a Good Housing Development

Future buyers, looking for a safe, accessible place with the opportunity to improve their quality of life can opt for a housing development. This type of development offers different investment and housing opportunities.

Housing developments are areas in which a group of buildings or houses are located.

The houses or buildings of a housing development, more often tend to have an accessible price.

How to Carry Out a Real Estate Project

 

Thousands of people, investors and entrepreneurs around the world decide to work in the real estate market, being able to make a decision to go towards a common goal, which is to generate income with this economic branch.

Real estate investors do sometimes buy  properties, but more often they develop properties. The appeal of real estate development is the potential for higher operating profits during ownership and larger capital gains upon sale. It’s risky, but also rewarding when successful.

To get into real estate development, you need to understand the processes involved, and bellow, real estate developer Jack Bistricer explains the six general stages. Mr. Bistricer has been has been working on the development of real estate for dozens of years, developing numerous real estate projects in the United States, the United Kingdom, Canada, the Bahamas and Eastern Europe.

 

Feasibility of the project

 This variable leads the first stage of any real estate project, since before any work, purchase, or acquisition of a property it is necessary to analyze and study the feasibility that it may have. Taking into account the participation of real estate agents that allow a better analysis of cost-benefit and other conveniences.

In this aspect, it will allow you to recognize the following:

·         Market study: The analysis will give you the data to verify what is convenient for you to do in the project, design, structure, building and sales procedure.

·         Legal reports: Status of the property titles and the legality that it possesses. It will allow to verify the validation through reports and legal paperwork that the land to be acquired, or the built department has.

·         Soil and topography study: This is extremely important in countries, since it is necessary to verify the topography of the terrain in reference to whether it may be affected by some movement of tectonic plates.

·         Economic evaluations: A real estate advisor could give the verdict on the economic possibilities of the land or the acquisition of that property, as well as the financing prices and costs of future sales.

Project design

In this design stage are analyzed several points that will be of great importance for the future building. Some of the most relevant design aspects that Jack Bistricer highlights are:

·         Construction and structure: Through architectural plans and designs, forms of the project are proposed for its creation.

·         Location: In this case of starting a project from the beginning, the best placement of structures for the real estate work is analyzed based on design, both in the aesthetic aspect and at the level of civil engineering.

·         Road / social impact: The location and distribution of the future property purchased and built could affect traffic or otherwise it could get new road flows depending on the project.

 The investor must deposit all possible ideas to correctly channel the designs and engineering studies that meet the legal, physical and strategic needs set forth in the request.

Development

 They begin to develop those details that the construction entails, as well as the elaboration of plans previously placed in the designs.

Once the designs are validated at the architectural level, a budget analysis on the construction is carried out. Some key points of the development stage for a real estate project are:

·         Soil mechanics: The behavior of the layers of the earth's crust will be studied through the application of some laws of physics, in order to avoid possible accidents.

·         Topographic study: In the field of engineering, the topographic survey will be in charge of verifying the position taken between various points on a horizontal plane, thus being able to find stability on the ground.

·         Equipment and necessary material: It will be the study on different materials that will be used in the construction work, such as water and sewerage, paving and electricity, green areas and irrigation system, among other relevant aspects.

·         Approvals to build: At this stage, legal approvals to build are also started through a legal file outside of details.

Permission period: Pre-Sale and "Blank"

For any building or restructuring of a land, the necessary permits are needed, in order to start carrying out the previously designed and structured work. They are divided in two ways which will be:

Pre-sale: (Also called Private sale) The project is raised and ready to wait for permits. This stage is when construction and / or building authorizations are still pending.

Blank sale: This term is known when the investor or the real estate company obtains the certificate or the legality to build and build, but it has not yet started.

 Having the permits up to date will remove more of a headache, since they are legal procedures that the real estate company and the investor have to protect their safety before the law.

Construction process

This is one of the most crucial and vital stages of an entire real estate project. At a statistical level, the construction stage absorbs at least 60% of the expenses in the project. The reduction or elimination of errors is needed, since any slip will generate multiple expenses in chain. The detailed aspects of the construction stage are:

Green sale: The construction stage called green sale will be the one where the real estate project and the full building are built.

Control of works: The program structured by the construction company is controlled, as well as the fulfillment and verification of proposed milestones.

Preparation of contract for work: The mode of contracting is defined and the award of the work is made.

 Placement for sale

It is the last but not least step of any work or real estate project since once it is built or about to be finished, the decision and actions become either for the sale as well as to inhabit it.

When the project is dedicated to direct sales or you want to include it in the rental market, it is best to have the professional advice of a real estate broker. It will give you an analysis of both prices, feasibility or processes for sale or rent.

A real estate advisor will manage the entire sale process and / or type of lease that is desired. You can avoid legal problems or even readjust the rental costs based on the annual value that the property may have by viewing key points such as:

·         Location.

·         Accessibility.

·         Space in relation to square feet.

·         Exact value of the UF.

·         Number of bedrooms and bathrooms.

·         Value in relation to being furnished or not.

If you are thinking about investing, it is not enough just to know the Stages of a Real Estate Project, it is also essential that you know the benefits that you can obtain in terms of profitability according to the stage in which you decide to acquire Real Estate investments.

Do you want to invest in properties and have doubts? Jack Bistricer, the Chairman and Chief Executive Officer of the Talisker Club offers you a free first consultation.All you have to do is schedule an appointment.