can someone give me a list of websites where i can find information on how to become a developer or run my own real estate group.

what kind of education do you need? Bachelors and masters in which subjects?

Is it neccessary to have huge capital to become property developer? i dont think so right? so long as you have invesors you should be able to pay contractors on time right?

Any info is much appreciated, thank you?

wow... i don't think so u can get information in here lah ............... u are taking about hundred million of project

im serious about this. the other was just for research. actually everything is for research because it is all for teaching me about different things. but as for cash flow and credit terms maximisaiton do you need, accountant, lawyer and real estate agent? or if you're just lawyer can you do both functions etc? when you say hire all three, do you mean on a contract basis or just on an ad hoc basis? and to the poster above, are you talking about hundred million of project not hundred million of ringgit. you're scaring me now.

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Added on October 31, 2008, 10:02 amin fact, if i want to make a development of one house, do i ask for payment for development price plus ten percent for my company. what if the investors want to sell the house. how much do they pay to develop it. i guess the development price plus ten percent and then put the house on the market.

This post has been edited by spitfire2000: Oct 31 2008, 10:02 AM

i think all these will eventually gain from own experience.

come on guys whats the harm in divulging a little info here and there.
nobody comes to this forum anyway, not like people are all going to get the idea or something. i know its a hard business
i wont be able to do it alone. im going to have to use my proffesional skills as well as networking skills to find investors to invest
I'm lucky that i live in a rich city. And i hope to one day be hobnobing with some fat cats, this is where i hope to find potential investors.
i also happen to know some contractors which comes in handy too. I also plan to set up people close to me in strategic positions to help the property firm maximise its revenue and profits.

To be a developer u need to have lots of Vitamin M...
During land acquisition u already need to pay the amount / interest...
And at least few million cash in hand at different stages of the construction, that's down to cash flow management
But the most difficult time is at the initial stages - earthworks where u can't claim any money from anybody except for a few hundred / few thousand as deposit...
It is 1 of the most difficult business u can run cuz it integrates so many aspects such as engineering, finance, marketing, legal, advertising, sales etc etc just to name a few...
And Clareen is right u can only learn all these from your own experience
nobody will (and can) teach u such complicated things lor...

I don't know but it seems to me like being a property developer is rather easy

you don't need millions of ringgit to start, start with a not so run down property with bargain price, study the location, or buy in auction, then take some courses on property maintenance like plastering, brick laying, painting plumbing wiring as it wil save you lots of money DIY, then voila resale at higher price!

but loking at current market its buyers market not sellers market, so bit hard to sell at this moment.

To become a property developer.
Other than some kind of connection, the MOST important requirement is none other than

MONEY!!

if u want to eventually own a real estate company one day u'll need to have a license...

how to? check out the link for more info: http://www.lppeh.gov.my/qualification.html

as far as being a developer is concerned... http://www.kpkt.gov.my/kpkt_en/main.php?Co...ns&SectionID=51

it looks difficult esp with all the unfamiliar terms and documentations required, but for those who r already in the line its quite a breeze. everyone started somewhere. like the saying goes... the journey of a thousand miles begins with a single step.

how about this idea, are there any small towns on the east coast of malaysia away from the oil industry which have nice beaches and are somewhat undeveloped but have potential and a good sizeable population with infrastructure that is not bad or needs only slight upgrading and with good transport links. maybe somewhere south of kuantan. beserah springs to mind. that is near club med. some pretty good beaches there and not far from kuantan. maybe beserah can be to kuantan what orange county is too los angeles. thought of that. as im based in europe. im thinking of enticing some investors from the uk. most probably with an asian background. to build a luxary resort there. in beserah. they have club med, let there be one that caters to asian needs. arabic, hindi, persian, urdu, we will like to make it a tropical paradise for asian people. maybe turn it into a mini mecca. we can have all the convieniences of a modern south asian/middle eastern city. do joint ventures with local food suppliers, to make restaurants, cafes, cinemas, gaming centers, night clubs, all in beserah and all based on the asian theme of hindi, persian, arabic and urdu. whats your opinion folks can we do it. who wants to join me.

ah_suknat,

1) That is NOT a developer. A developer build house from scratch.

2) In a country like Malaysia, you need a lot of connections to get approval from various government bodies before even getting started.

Dreamer

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Added on November 1, 2008, 7:44 amspitfire2000,

If you REALLY have the funding, why do you want to be the developer to begin with?? You could always partner with a local developer to get the things built. The problem here is you need the local connection for the approval. And, you could ONLY get it done by partnering with someone locally.

Dreamer

This post has been edited by dreamer101: Nov 1 2008, 07:44 AM

i have local connections. not so many but some. if i have the funding why i want to be the developer, because i want to make a profit. the funding not coming from me. so i want a slice of the funding as reward for putting the project together. then i want to sell the properties through my own agency and take a cut again. total pwnage.

This post has been edited by spitfire2000: Nov 1 2008, 09:08 AM

spitfire2000,

1) If you can get the funding and you can get the profit, why do you want to take the RISK too??

<<why i want to be the developer, because i want to make a profit.>>

2) Who say that you get MORE PROFIT by being the developer?? You have to take the RISK of construction delay, material increase and so on.

<<then i want to sell the properties through my own agency and take a cut again. >>

3) What happened if the property did not sell and you get stuck with the inventory??

<<total pwnage.>>

4) If you have a choice of getting X% risk free and capital free return and Y% substantial risk and substantial capital injection, won't you have to look very carefully at what is the difference between X and Y??

Y has to be a lot more higher for it to be worthwhile. Is your assumption that Y is high correct??

Dreamer

you put things in sound english but how much is the difference between x and y?

if i have the funding what is my job title.

be a politician first and get support from them
they will help you to get rich
but you must be malay

spitfire2000,

1) The GOAL of business is to MAKE MONEY. You cannot eat job title.

2) You would be investor using Other People's Money (OPM)

<<but how much is the difference between x and y? >>

3) That is thing that you need to find out before deciding whether you want to be investor only, investor and builder/developer, investor and builder / developer / marketer.

Dreamer

In my opinion, u have to learn the basics first!!!!!!
U don't even know about the submission flow to the govt and u're talking about being a developer....
Put funding and money matters aside, not all problems are best solved using money only, although u generally have to spend, but there are some other more efficient ways

aduh, all talk no action, we need ppl with experience. not cynics! Cmon spitfire 2000, i believe that, by slowly building up ur connections, then starting things small. why not develop property in a good demand area? this would build ur repo as a developer instead? even if u build beautiful and affordable houses in beserah springs, kuantan, as u mentioned. how many would actually take notice?

for example, Bukit OUG, a very developed n well known posh area, many years back, developers went and build like 10 houses in some vacant land. Sold out instantly.

bottom line, location, location, location.

n dreamer, no point talking bout x & y. its just ur words against another persons words! encourage instead of discourage!

Even if u start something small there's risk there also...
And it's not like a small risk u know, we're talking about few millions at stake here even for a small 1 acre project
U can have 10 or 100 successful projects but if just 1 project u can't sell then your cash flow will be seriously screwed!
U think it's an easy job???
i can tell u HELL NO!!!!!!!!

And u think Kuantan is a good place to start?
Do your homework again.
Probably u may want to look at other smaller towns to start with.

If you seriously think that by reading a few 'good' posts here would get you ready & turn you into a real estate developer overnight, then you are just as naive as TS.

How are we suppose to encourage someone who has no resources other than self-proclaimed 'connections' & 'statistics'?

No, I'm not saying young chap can't be developer. In fact, I got a schoolmate who became a developer at age 26 & now doing the 3rd phase. Also heard a girl, developing a high-end condo in Bkt Damansara, at age 25.

Difference with TS is:
1) The former's father owns 3 jewellery shop, held position in MCA, kaki to state EXCO who were in-charge of local authority.
2) The latter's father is a Tan Sri, and Chairman of public listed companies.