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...

Hochfelder recommends that you research before you invest

Real estate is a business and like any other, it also requires that you plan, analyze, negotiate and manage. If it’s not producing a profit, your business won’t stay in business for very long. Adam Hochfelder has been in the real estate industry for over three decades. As he explains, this business demands a certain level of commitment. But unlike many other businesses, real estate allows you to control your working hours and set your own schedule. The important thing is to set the goals that you want to achieve, and then work to make that happen. Setting clear and specific investment goals will pave the way toward becoming financially independent. In real estate, objectivity is very important. As human beings, we have the tendency to either like or dislike a certain property. But if you are in the investment business this can be a big financial mistake. That’s why objectivity is the key to success as an investor. Knowledge is the other tool that can save you from sure failure. ...

Adam H - Labor Market Outlook

The Bureau of Labor Statistics recently announced their results from the studies regarding the future of the labor market in the U.S.A, in which several experts, including business real estate executive Adam Hochfelder, elaborated their thesis on the labor market outlook. Apart from the actual trend of employment development, the study focused on the employment dynamics in the major industry sectors by 2035. The further expansion of the labor market and the ongoing worldwide globalization of industry, trade, and services are resulting in new and changed skills requirements for employees. Hochfelder , an ARTIC member, has extensive experience in the real estate market, and as he says the world financial markets are comparing every location in terms of the profitability of an investment. Due to the increasing number of retiring workers and the constant population growth, new job openings are forecasted, which means the number of workers is expected to increase. Considering thi...

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