Can I Make Good Money Working For A Real Estate Developer Dallas Texas
Can I Make Good Money Working For A Real Estate Developer George Gradow

April 14, 2017 · by Peter Eerlings · in AEC Business Tips

We see that many architects actually earn very little, considering the work that they do and the responsibilities they carry.

Long hours, a lot of stress, strict deadlines, demanding clients, lots of responsibilities and working during the weekend; all of that for a moderate compensation in a highly competitive market.

Can I Make Good Money Working For A Real Estate Developer Dallas Texas

Selling real estate is more work that you might imagine and, although there are some very successful real estate agents, there are many who struggle just to make ends meet. From somebody in the business, here’s what it takes to become a real estate agent — and what you should consider before starting down the path to selling homes. I've done a fair amount of development work over the last 15 years or so (almost all for myself, not as an employee). As an architect, you're not going to be much value to a developer as an employee unless you thoroughly understand real estate economics, the process of getting a project conceptualized and entitled (on the ownership side), and how to put deals together.

Why is that: how can you make more money as an architect?

But if you want to be a dedicated real estate agent, you would first like to know how the agents make money. You should also get some advice to become a successful real estate agent. Here Are 7 Tips On How To Earn Money As A Real Estate Agent 01. Become A Buyer’s Agent. Most of the real estate agents become a buyer’s agent to make money.
Most real estate developers work on commercial real estate projects, including retail spaces, office and residential buildings, and travel and leisure developments. If you’re wondering what becoming a real estate developer would be like, you can compare the profession to the role of a project manager.
The MIT Center's 2009 graduates posted median salaries of $100,000, and most students received two job offers. A master's in real estate provides the same finance, management and economics knowledge you'd get from a broader-based MBA program, but also focuses intensely on real estate-related courses such as development and design.

Tobias Maescher from Archipreneur.com is very familiar with that. He is an architect himself, but also active in entrepreneurship. And this is exactly what this story is all about.

Many independent architects are obsessed by architecture and the design side of their profession. So much so that they forget to be an entrepreneur too. They often work exclusively in their businesses, instead of on their businesses.

You can be an excellent architect, but if you don’t put any energy and attention into your business, it doesn’t take long before you are overtaken by architects who are half as good as you are, but who do work on their business.

In and of itself there is nothing wrong with it if you just want to be occupied with the architecture itself and you consciously don’t care about the enterprising part.

As long as that is your goal and nothing else.

But many underestimate the importance of “entrepreneurship”, or keep it as far away from them as possible, as if it is a four-letter-word, attainable only for greedy business sharks and not compatible with art and architecture.

Tobias Maescher:

“Archi-preneur’ is a compound word of ‘architect’ and ‘entrepreneur’. At Archipreneur we focus on the intersection between architecture and entrepreneurship – and new ways of doing practice in the 21st century. The traditional business model of architects is a service-based model. The Architect gets a fee for his service that he or she provides to the client. I see many architects who get frustrated because the client is changing the design, not valuing the architects work or exhibits bad payment behavior. Furthermore, the process of acquiring projects is very competitive and is sometimes done by taking part in architectural competitions with lots of other offices. So, you have to put in a huge amount of work for a design proposal upfront (and for free!). If you don’t win the competition, you are not compensated for your work. Without a project, you cannot practice architecture and without a decent portfolio of projects, clients won’t hire you. Overall I felt that it is tough to start out as an architect. So I started researching additional ways of generating income as an architect. And I actually found many architects who used their skill set in a creative and entrepreneurial way to create additional streams of income.”

In the previous years, Tobias has interviewed many architects and looked for examples of architects (/entrepreneurs) who consciously went about it in a different way.

Tobias:

“The problem is that business knowledge is not implemented in the architectural education. We mainly focus on the design aspect of architecture during our studies. Which is fine of course, but it won’t prepare you for starting an office or the business side of architecture. Building buildings involves legal, economical and project management problems. Design is only one aspect in the whole process.

In the past, the role of the architect was the generalist – as the “Master Builder”. Over the years, other players in the AEC industry have taken over specific tasks like project management, cost control or special engineering services. So, architects have given up a lot of competences and the role today is more of a design specialist.”

Many architects think that trading their design time for money is the only way to make money, because the subject of entrepreneurship is not broached at all during the architectural studies.

But of course, you can utilize your skills as an architect in a hundred different ways.

Naturally it is easy and obvious to start trading your time for money and to accept the classical project assignment. It is relatively easy to sign up clients, especially if you keep your rate low enough and in principle all you have to do is put in your productive hours and you are assured of receiving your money.

It takes a lot more energy, perseverance and discipline to go about it differently.

But when sufficient time, patience and hard work are invested, the return can be tenfold, even hundredfold.

And this return is not only monetary, but it is also about the satisfaction and the freedom that other business models entail.

For instance, certain business models allow you to work completely independent of location and time which will give you the freedom to travel the world while you continue to work. That is impossible if you perform classical project-work.

Tobias gave us three concrete, attainable and scalable ways to earn money as an architect, as an alternative for the classical project-work.

1. Architect as Developer

Instead of working for a developer, who uses your skills to build or transform buildings in order to sell them with high profit, why wouldn’t you try using your own skills for your own benefit and become your own developer?

Architects have a lot of the skills necessary to earn good money as a real estate developer. They often don’t realize it, or they think it’s not for them – it is only reserved for rich and large investors.

However, they know their cities and where to spot interesting gap sites.

They can create designs and the vision for a project and they know how to get planning permissions and to manage the building process.

In fact, architects very often generate a great deal of value when working for clients, for example when transforming a piece of land into a multi-unit apartment building which in turn will start generating a considerable stream of monthly renting revenue.

With 5 games to play and a library of over 150,000 questions, Quiz XT has quickly gained a big following among fans of real money trivia games. Download the app from either GooglePlay or the App Store, and you’ll be set up in no time to begin playing for a cash prize. Real Money Quiz is a multiplayer live gaming platform where numerous players compete each day to win real money. If you love trivia games, Real Money Quiz will be the best addition to your list. Pick a tournament and flex your brainpower by answering simple trivia questions. Win assured amount on

Can I Make Good Money Working For A Real Estatedeveloper