Harmony

Commercial real estate has been reserved for the financial and investment savvy entrepreneur, those who have an

Being an investor is a lot like owning your own business. You have money and people to manage, important financial decisions to make, and systems that represent your strategy. While these assets and operations result in successful and profitable deals, there are always problems arising, just like in a normal business, that can slow down productivity and progress of whatever activity is currently in motion. A problem with many investors is that they do not view their process as a business. They do not have a company name or multiple teams working below them. They do not have business rules, regulations, checks and balances, or protocol for the people they work with. However, the truth is, commercial real estate investing, no matter how small, is a business all itself. In order to optimize this fact, one should follow proven business strategy that allows great companies to flourish with very little constraint or pain.A very important theory that is used not only in business, but in science, politics, sports, and even everyday life is the Theory of Constraints. This theory literally transcends all boundaries as it is a scientific principle that can be applied to any relationship between two or more subjects. You have all heard of the expression,

Over the last decade, especially with the explosion of the Internet, there’s been an undeniable shift in where and how people work.White collar, blue collar and pink collar workers are leaving their desks, cubicles, office complexes and factories in droves. They are leaving in favor of a more promising lifestyle, working from home, with less commute and much more time with their family.Even big businesses, once reluctant to let go of the tether of the time clock, have equally embraced the

A week in the life of a property scout can be as predictable, unpredictable, or as fun as the scout wants it to be. Just imagine yourself living this fun week this couple discusses below

Land development creates homes and places of business that allows us to survive and move forward. It is critical in the growth and progress of our society. Without those who are willing to assume the many risks of land development and investment, we doul not be where we are today.Developing raw land is an extremely profitable business because it has to do with commercial real estate which is very valuable in and of itself, but also because there is a certain amount of risk that comes along with land development. Not everyone is capable of looking at the facts, conjecturing about the future, and able to make a move to capitalize on a specific piece of property. There are simply too many variables that could go wrong- and will go wrong, if you do not know exactly what to look for. Experience is truly the only way to feel confident in such a huge investment. Even the best of land developers make mistakes and can lose out on a lot of money.Risk is what makes land development so profitable. There are simply not a lot of people who would be able to handle that type of risk easily. So what type of risk would you be looking at as a land developer?The first and probably most obvious risk is your skill level. Are you capable and have the necessary skills to develop and entire piece of property without much error? It takes a great amount of knowledge in math, science, finance, architecture and building to successfully develop a piece of property. The larger the property, the more difficult this can be. A land developer would not want to attempt something that they did not have the necessary skill set for.Coinciding with this risk is the risk of finishing a project on time. If a project takes longer than it is originally proposed, you can believe that you will be faced with extra expenditures that will eat away from your profit. There might be rules, ordinances and deadlines that will cause further political and financial problems if a project is not finished on time. It takes excellent planning to see a project through completion on time. This is a huge risk that a land developer does everything in his or her power to make sure that the project is done well, and on time.There is risk before the project even begins. This risk is finding a property that one could actually create profit from. Many times finding a property where there is guaranteed property is difficult to find. You never know, no matter how hard you try to look at surrounding land values and comparable sales, exactly the money you stand to make from any one project. There might be additional building costs or expensive problems that you may run into. To avoid this, purchase a property that is already below market value. Let

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