Our one-day Workshops on small scale real estate development are all about project formation. We take a big picture view of neighborhood-based development to help attendees analyze what makes a good project, how a building makes money, and how small developers interact with the broader ecosystem of professionals in the built environment. By the end of the Workshop, aspiring developers will feel more prepared to take the first steps on their own project.
Details
In-State (for Michigan residents)
Early Bird Registration Rate ($99) CLOSED
Regular Registration Rate ($129) CLOSED
Last Minute Registration Rate is ($159)
Out-of-State (for non-Michigan residents)
Early Bird Registration Rate ($159) CLOSED
Regular Registration Rate ($189) CLOSED
Last Minute Registration Rate is ($219)
All registrations are final. There are no refunds after payment is processed.
The scholarship application for this workshop is now closed.
COURSE OVERVIEW
You can find a course overview and more information about our workshops and who should attend here.
WORKSHOP AGENDA
7:30 AM: Workshop Registration Opens
8:00 AM: Welcome and Introductions
8:15 AM: Power of the Incremental Approach | Incrementalism is best paired with time. By rooting in a neighborhood, building relationships and making many small improvements over time, a small developer can build wealth in their community.
8:35 AM: Business Models and Skill Sets | What kind of projects are you interested doing? How will that be structured? What skills do you have and whose help do you need?
9:45 AM: Right-Sizing Your Project | By evaluating zoning, financing tools, and building codes, a project can conform to systemic thresholds that control costs and minimize risk.
10:30 AM: Building Arts 101 | A small developer who understands architecture, urban design and planning fundamentals can create more value with their project while contributing to the health, safety, and welfare of their community.
11:30 AM: Market Research & Site Selection | Finding the right site or building as the critical first step to any development project. Understand how to establish a baseline range for the rents, sales and other variables in your neighborhood and pay the right price for property.
12:00 PM: Lunch at the Venue (Provided with Registration)
1:00 PM: Zoning | Understand the key regulatory basics that shape a project’s physical form and the typical processes that govern what is allowed by-right versus with special permission.
1:20 PM: Project Pro formas | Get familiar with a financial pro forma template and the important concepts, key terms, and industry jargon that show how a building makes money.
1:40 PM: Hands-on Site Planning and Pro forma Activity | Apply everything learned so far in the day to layout a building on a site by following a sample zoning code and then filling out a project pro forma to see how the project performs financially under many conditions.
3:30 PM: Financing a Project | A great project needs a great plan for obtaining permanent mortgages and construction/renovation loans. To get there, a small developer will need a written financial package and a verbal pitch to present to a bank and/or private investor.
4:00 PM: Buying a Property | A basic overview of the process for purchasing property and the elements of the crucially important due diligence process.
4:30 PM: Wrap-Up | Q&A and Next Steps
5:00 PM: Conclusion
Download Draft Full Detailed Schedule
Contact
Alissa Shelton · training@incrementaldevelopment.org · 612-999-2154