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During the first two years of operation we would have set up our offices in the following locations; Las Vegas, Washington, DC, Dallas, Texas and Boston.Solorio’s® Property Development Company is going to be a self-administered and a self-managed real estate investment trust (REIT).
We will work towards becoming one of the largest owners, managers, and developers of first-class properties (accommodations, public buildings and office properties) in the United States of America.
We are quite aware that property development business requires a huge capital base, which is why we have perfect plans for steady flow of cash from private investors who are interested in working with us.
Another factor that is of major concerns and a threat to property development business generally could be cost increase as a result of inflation, currency devaluation as well as economic challenges.
Unforeseen delays from the part of government agencies, litigation and also delays from contractors could lead to substantial cost increase especially if the project is heavily dependent on bank loans.
It is for that reason that the need for the government of different parts of the world to provide basic shelter for its citizens cannot be over flogged.
More Property Developers Emerge Good news is that government in major parts of the world is already doing this, and that is why the real estate industry will continue to encounter a boom for a very long time.
Are you about starting a real estate development company?
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The property development industry falls into the real estate category and it is indeed a very large industry that has the potential to make entrepreneurs millionaire within a short period of time.
Property development industry is a many-sided business that covers all aspect of activities, ranging from acquiring raw lands, to selling or renting or leasing of fully finished and furnished properties.