Shearin Group Realty, Inc.: The Challenges of Investing in Real Estate Development
Not everyone has the capability to invest in real estate development big-time at the start. And by that we mean investing an ample amount of money to purchase or lease a parcel of land and to construct a residential or commercial building for eventual sale, lease or time-sharing purposes.
Yes, it could be a small parcel enough for a two or three-bedroom residential structure or a ten-acre tropical beach lot with cabanas or luxury vacation homes. In short, one either has the capital to complete such a process or has the confidence to take out a loan for such a real estate project. But if you already have the money to do so, so much the better. Willingness to invest and to work with your investment is of primary importance.
This reminds us of an acquaintance who wanted to go into real estate development. He had learned the ropes of business through many transactions in the past as a sideline job; but he was bent on doing it as a full-time endeavour. He sold all his cars and put up an office and even invested in some business clothes to go with his new profession as a real estate broker.
To many, selling your cars and going into real estate business is counterproductive. Yet, his idea was to put his money where his mouth was and was willing to make necessary sacrifices to attain his goals. Having a car was not, in his mind, such a crucial need in visiting or ferrying prospective clients and eventually closing a deal. He figured there were enough means to accomplish those functions without having to own a car in the meantime.
Starting small and low-key with a dedicated work force in real estate is the key to making a successful bid in the business. One of the richest billionaires in Asia started out buying cheap lands and borrowing money to develop low-cost housing projects. Today, he and his family continue to cater to low-income home buyers and at the same time own countless high-end subdivisions in exclusive urban and suburban residential areas.
A few enterprising friends have done well in life just by building a single or a few ordinary apartments on some inherited or acquiredparcels which they rent out on a yearly basis. With rentals rising 10% or so annually, the proceeds of their investments has allowed them to maintain a source of livelihood so that they no longer need a regular paying job.
There you are! Real estate business is not merely for the rich. It can, in fact, make you rich; but you must learn to start small and work yourself up to the top. Shearin Realty, Inc. has gained a name for itself because of the same diligence and sacrifice they put into their work.