October 6, 2025 | Kristi Kandel

Who are the first hires or partners I should bring in as a beginner developer?
One of the most common myths in real estate development is that you need to know everything OR you need a big, expensive team to even get started. The truth? You don’t. Most beginner developers build their first project with just a handful of trusted professionals who can help them see around corners.
Think of your first team as your “deal-checking squad”. The people who make sure you’re not missing something obvious or expensive before you move forward. Here are the must-haves:
Notice what’s missing: you don’t need full-time employees. Your first “team” is a network of consultants and advisors you bring in as needed. Build lean, one project at a time.
How much should I budget for legal help?
For small projects, plan on $5K–$15K for entity setup, contracts, and closings. If your project involves rezoning or entitlement fights, that can climb to $25K+. Don’t cut corners as skimping here usually costs more later.
Can I develop without a full-time partner?
Absolutely. Many first-time developers go solo, pulling in part-time consultants and advisors as needed. A full-time partner becomes useful once you’re handling multiple deals at once or raising larger sums of capital.
Do I need a property manager at the start?
No. Property managers only come into play once you’ve built or acquired something that produces income. During the design and construction phases, they’re not needed. Bring one in once your property is stabilized and tenants are moving in.
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