Meet Caleb Buland, a real estate developer, who shares his insights and experiences in the field of real estate development. Caleb Buland begins by introducing himself and his background in real estate. He shares that he has developed and revamped several buildings in the city and has achieved considerable success in the field. Caleb Buland goes on to discuss how to start in the real estate business. He shares that it is essential to have core competencies in the field, which include skills such as project management, financial analysis, and market research. These competencies help real estate developers to identify the potential of a property and its value. Caleb Buland then talks about finding value investors who can provide capital for real estate development projects. He highlights the importance of partnering with people who have complementary skills and shares the qualities that one should look for in a business partner. The video includes a discussion on the real estate development process, from identifying a property to its development and sale. Caleb Buland shares his experience of going through this process and explains how human psychology plays a significant role in the field of real estate development. Caleb Buland also talks about the number of projects he has taken on and discusses the importance of partnerships in the field. He highlights the need to educate the audience about real estate development and explains how to do so effectively. The video discusses the difference between the real estate industry in 2014 and 2023. Caleb Buland talks about dealing with property managers and shares insights into the return on investment (ROI) in real estate development. He explains when they sell their buildings and how to calculate the ROI of a real estate project. Caleb Buland also shares his biggest dream and talks about his first job, which was at a grocery store. He discusses the importance of using ideas in real estate development and how urban settings play a vital role in this field. He also talks about inflation and shares an interesting example of a $5000 pet house. The video concludes with a discussion on architecture work, facts related to real estate development, and the importance of time management in achieving success. Caleb Buland emphasizes that time is a critical factor in real estate development and that it is essential to manage it effectively to achieve success in the field. Overall, the video provides valuable insights and information for anyone interested in the field of real estate development.
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