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Old Posted Dec 7, 2010, 9:37 PM
aic4ever aic4ever is offline
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Join Date: Mar 2008
Location: Chicago
Posts: 381
As to the background to prepare for becoming a developer, I would advise working for a contractor for maybe two or three years, so that you get an understanding of how jobs get contracted out, and how costs come together.

I can't tell you how silly some of the numbers are that some developers think they can build things for. The biggest reason I've seen for so many foreclosed/stalled projects (Staybridge), or projects that just didn't go (Mondrian), is that the developer had a ludicrously low construction budget and either ran out of money after starting, or just never got started because the original deal was predicated on a fictional construction number.
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