The first step in the development process is to gain control of the site. What is the most common, and lowest risk, method to obtain control of a site from another owner? O By purchasing directly from the existing owner O By negotiating an option to purchase from the existing owner By purchasing land at auction from the city O By borrowing money from a construction lender
The first step in the development process is to gain control of the site. What is the most common, and lowest risk, method to obtain control of a site from another owner? O By purchasing directly from the existing owner O By negotiating an option to purchase from the existing owner By purchasing land at auction from the city O By borrowing money from a construction lender
Chapter10: Cost Recovery On Property: Depreciation, Depletion, And Amortization
Section: Chapter Questions
Problem 72TA
Related questions
Question
Transcribed Image Text:Of the many roles involved with a development, the developer is
most closely associated with the notion of
a "loan ranger" making everything happen
O a "people person" managing relationships
O a "quarterback" leading the team
O a "benevolent dictator" in charge of everything around them.
Transcribed Image Text:The first step in the development process is to gain control of the
site. What is the most common, and lowest risk, method to obtain
control of a site from another owner?
O By purchasing directly from the existing owner
By negotiating an option to purchase from the existing owner
O By purchasing land at auction from the city
O By borrowing money from a construction lender
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 3 steps
Recommended textbooks for you