@jacksonplanks There is always a chance but experience and connections are integral in large scale commercial real estate, especially for high rises in Downtown.
Newcomers, like myself, can start by investing in smaller scale RE and/or learning from those with the experience and connections.
Another key principle of real estate is that it’s a REGIONALLY BASED industry.
Since It’s a relationship based industry and its value is in the form of immovable physical assets (land), the local knowledge and the people in your physical vicinity (city or region) are huge…
Lenders & Banks
fund acquisitions and developments at certain interest rates based on their due diligence, your track record, and market conditions.
Capital Market Intermediaries
connect borrowers with lenders and are typically a branch of brokerage firms.
Real estate estate and the built environment industry has many moving parts that no single person or company can do or handle alone.
That’s part of the reason it’s such a relationship based industry with so many key players. So who are they and what do they do?
A thread: