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Financial Planning and Management in real estate are crucial. Building relationships with property owners, specializing in new construction, and meticulous cost assessment are essential for success. Speakers acknowledge challenges like interest rate instability and rising costs, emphasizing a long-term vision. Financial analysis and collaboration with mortgage brokers are vital. Finding good partners and working as a team are essential. Challenges related to timelines and ongoing demands require careful management. In summary, financial planning, collaboration, project viability analysis, and partner selection are key to success in real estate and new construction.