Every Real Estate Project Requires

By Bruce Firestone | Uncategorized

Oct 06

For each real estate project you undertake, you should have the discipline to take these steps:

1. Highest and best use analysis
2. Functional program
3. Concept plan
4. Differentiation
5. Business model
6. Budget
7. Financial analysis (IRR)
8. Finance plan

9. Marketing plan
10. Cost control plan
11. CPM, critical path schedule
12. Launch clients
13. Sponsors

14. Operational plan

Remember, every project you undertake, you do so because your head, your heart and your gut are all in alignment. That is, you’ve done the analysis, you are passionate about your project and your instinct tells you this is a good idea. If one of those is saying, “no”, abandon ship.
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About the Author

Bruce is an entrepreneur/real estate broker/developer/coach/urban guru/keynote speaker/Sens founder/novelist/columnist/peerless husband/dad.