Guide: How to Become a Developer

[Larry King]

Originally Posted by ChiTownWonder

do you have to be rich to be a developer? isnt it more about loans and financing?

Generally yes

for a conventional bank loan you will need liquidity. Banks need to be comfortable knowing someone will step up and fund the project if it goes over budget

But there's other ways to skin a cat

you can find a rich partner and give him a piece of the backend for guaranteeing the loan

you can get a hard money loan