Building a Career in Real Estate Development

Real estate development is often described as the engine that propels growth in the real estate industry. Real estate developers purchase real estate, make improvements to the existing structures or build new ones and sell the property at a profit. That is why all successful real estate developer must be able to recognize opportunities for making money as well as predicting trends. Adam Hochfelder is one of New York’s most admired real estate executives whose reputation is built on the hallmarks his clients and partners have come to rely on. Here Mr. Hochfelder breaks the key steps for starting a career in real estate development.

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Things to Know About Investing in Hotel Properties

The hospitality industry is one of the most solvent and fluctuating industries. On a daily basis, this industry deals with transient customers. According to the real estate investor and developer, Adam Hochfelder , this type of the business climate in the hotel industry provides numerous lucrative reasons for investing in hotel properties. Here, Hochfelder gives the key variables you need to take into account when planning your investment. Overview of Asset Classes According to the type of services they provide, there are four main types of hotels: full-service limited-service budget hotels extended stay The "full-service" offers everything a guest might want, including restaurants and bars, conference halls, fully equipped spas, and leisure and sports centers. The "limited-service" is a step-down and offers almost as much as a "full-service". This is typically a restaurant, a fitness center, conference rooms, and a swimming pool. This...

How to Start a Real Estate Investment Business

Investing in real estate can bring life-changing results. Being able to provide for your family and set yourself up for an easier future is a possibility when you’re investing in real estate, but it doesn’t come without some hard truths. For new investors, getting into the business of buying, selling, and renting homes may seem pretty ambitious. But like any other area of personal finance experts, real estate investing eventually comes down to some simple basics. Making a Plan With the right strategies, patience, and a willingness to learn, it’s a discipline that can help you make strides on the path to financial independence.

Hochfelder: How to avoid costly delays when preparing for a real estate acquisition

If your next public project requires the acquisition of private property, keep reading as Adam Hochfelder thorough understanding of state regulations can help you navigate this complex process while saving you time and money. Although municipalities have the right to declare a property, still guaranteeing the rights of private property owners is required. The initial goal is to obtain a negotiated settlement, and condemnation is the ultimate last resort when there is nothing else left to do. When a state or federal funds are involved, municipalities must follow legal procedures According to Adam Hochfelder, real estate acquisition brings many challenges. For example, if municipalities somehow run out of time for real estate acquisition, they face losing grant funds, which mean they’ll have to wait for the next cycle to reapply. However, the largest threat whatsoever is probably the need to delay a project until the next construction season. Some officials underestimate the ...

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