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Property Developer Podcast

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Sep 21, 2022 • 44min

93 – Construction finance essentials in a dynamic market

With escalating build costs, delays obtaining materials and softening property values the development sector is once again facing a raft of challenges that are effecting the bottom line. This volatility and uncertainty is having an impact on finance and lending with variations to time and cost quite common. So how is this affecting the lending markets and what sorts of responses are lenders putting in place to protect themselves and their clients? Let's discuss all this and more with previous guest Fabian De Marco from Commercial & Construction Capital. We cover: - changes in private capital markets - lenders reviewing /adjusting maximum loan to value ratios - length of loan terms being reviewed/shortened - interest rates changing from fixed to variable (not seen in the last 3-4 years) - some lenders increasing percentage of contingency funds required - the listed builder on a project is under more scrutiny from lenders than ever before - feasibilities may no longer stack up so what are developers doing in this situation? Property Development Training If you are interested in learning the fundamentals of property development, in your own time and at your own pace, then be sure to head over to www.propertydevelopertraining.com and take a look. I take you step by step through the development process so you know exactly what is needed to find a site, run a feasibility and complete a small scale property development, be that a duplex or 3 or 4 unit site. So head over to propertydevelopertraining.com and take a look... I would love to see you on the inside... Property Developer Quiz Keen to find out how ready you might be to become a developer? Then take the Property Developer Quiz (https://www.propertydevelopertraining.com/quiz) and get a sense of where you are at… Become a Million Dollar Property Developer Grab my book Become a Million Dollar Property Developer about my journey into property development. This book is ideal for anyone who intends to get into small-scale property development and wants an insider’s guide to successfully obtaining wealth, fulfilment, and glory. In this book, Justin will share how he succeeded in delivering a 20-townhouse project on his first property development project and what he learned along the way. Many people have a dream of becoming a property developer. They aspire to build properties, grow portfolios, and amass great wealth. However, many people often struggle with making the leap into property development. This book has the answers for how you can make the leap into property development. Grab your copy now. Social Connection Property Developer Podcast Facebook – https://www.facebook.com/propertydeveloperpodcast Property Developer Podcast Instagram – https://www.instagram.com/property_developer_podcast/ Property Developer Podcast LinkedIn – https://www.linkedin.com/company/property-developer-podcast Links C&C Capital - https://www.cccapital.org Episode Summary The construction finance process involves identifying the right financing options, setting realistic budgets and timelines, monitoring cash flow, and managing risks. In today's dynamic market, developers need to stay informed about the latest trends and best practices in construction finance to make the most of their investments. Financing Options The first step in the construction finance process is identifying the right financing options. Developers can choose from a variety of financing options, including bank loans, private equity, and mezzanine finance. Each option has its own advantages and disadvantages, and developers need to consider factors such as interest rates, repayment terms, and loan-to-value ratios when choosing the best financing option for their project. Realistic Budgets and Timelines Setting realistic budgets and timelines is critical to the success of any construction project. Developers need to create a detailed budget that includes all construction cost...
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Aug 1, 2022 • 1h 4min

92 – Property Development for Cashflow

Cashflow may not be something you first think of when you get into property development, however it becomes a crucial component when you become a full time developer and need ways to generate an income between profit events. What types of projects are good for cashflow? There can be many but one stands out for its ease of getting built and its popularity with a certain segment of the market. Henry Vila from Stone Horizon, a developer and a builder, talks to us about modern style rooming houses, and his lessons from being a property developer and a builder. We talk about developing for cashflow, how to navigate your way through the current environment in the building industry with escalating build costs and time blow outs and how a developer can get the most out of a builder. Keep an ear out for Henry's view on why it is difficult to just compare price when deciding on who the builder should be on your project... Property Development Training If you are interested in learning the fundamentals of property development, in your own time and at your own pace, then be sure to head over to www.propertydevelopertraining.com and take a look. I take you step by step through the development process so you know exactly what is needed to find a site, run a feasibility and complete a small scale property development, be that a duplex or 3 or 4 unit site. So head over to propertydevelopertraining.com and take a look... I would love to see you on the inside... Property Developer Quiz Keen to find out how ready you might be to become a developer? Then take the Property Developer Quiz (https://www.propertydevelopertraining.com/quiz) and get a sense of where you are at… Become a Million Dollar Property Developer Grab my book Become a Million Dollar Property Developer about my journey into property development. This book is ideal for anyone who intends to get into small-scale property development and wants an insider’s guide to successfully obtaining wealth, fulfilment, and glory. In this book, Justin will share how he succeeded in delivering a 20-townhouse project on his first property development project and what he learned along the way. Many people have a dream of becoming a property developer. They aspire to build properties, grow portfolios, and amass great wealth. However, many people often struggle with making the leap into property development. This book has the answers for how you can make the leap into property development. Grab your copy now. Social Connection Property Developer Podcast Facebook – https://www.facebook.com/propertydeveloperpodcast Property Developer Podcast Instagram – https://www.instagram.com/property_developer_podcast/ Property Developer Podcast LinkedIn – https://www.linkedin.com/company/property-developer-podcast Links Stone Horizon - https://stonehorizon.com.au Episode Summary In this episode, Justin speaks with Henry Vila from Stone Horizon about the importance of property development for generating cash flow. Henry is the founder and managing director of Property Development System, a company that helps property developers create profitable projects. Henry shares his experience and expertise in property development, as well as his insights into generating cash flow through property development. Top 5 Points: Property development is a powerful tool for generating cash flow and creating wealth. It's important to understand the different types of property development projects and the risks and rewards associated with each. Cash flow is the lifeblood of any property development project, and it's crucial to plan for it from the outset. Financing is a key factor in property development, and developers need to be strategic in securing the right type of funding for their projects. Effective project management is essential for successful property development and generating cash flow. Types of Property Development Projects
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Jun 7, 2022 • 48min

91 – Turning around a struggling property development career

Getting your first development project underway is an exciting time. Until the wheels start to fall off and it looks ugly, what happens then? How do you turn things around and kick start a fledgling developing career that has stalled? Baheer Komak really struggled to get some traction with his property developing and his first project, a small 3 unit site was almost a total disaster before he turned it around by changing course. Baz is now running multiple development projects and has come a long way since selling his small business and making the leap into property. In this chat we cover how mentoring transformed how Baz approached developing, some differences between project types and the unusual decision making process that led him to take up property developing. This conversation will be inspiring for anyone that is struggling with a sticky project and wanting to take their developing to the next level, as Baz is an example of how you can go from zero to something significant in a few, short years. Property Development Training If you are interested in learning the fundamentals of property development, in your own time and at your own pace, then be sure to head over to www.propertydevelopertraining.com and take a look. I take you step by step through the development process so you know exactly what is needed to find a site, run a feasibility and complete a small scale property development, be that a duplex or 3 or 4 unit site. So head over to propertydevelopertraining.com and take a look... I would love to see you on the inside... Property Developer Quiz Keen to find out how ready you might be to become a developer? Then take the Property Developer Quiz (https://www.propertydevelopertraining.com/quiz) and get a sense of where you are at… Social Connection Property Developer Podcast Facebook – https://www.facebook.com/propertydeveloperpodcast Property Developer Podcast Instagram – https://www.instagram.com/property_developer_podcast/ Property Developer Podcast LinkedIn – https://www.linkedin.com/company/property-developer-podcast Discover the secrets of a Million Dollar Property Developer Grab my book Become a Million Dollar Property Developer about my journey into property development. This book is ideal for anyone who intends to get into small-scale property development and wants an insider’s guide to successfully obtaining wealth, fulfilment, and glory. In this book, Justin will share how he succeeded in delivering a 20-townhouse project on his first property development project and what he learned along the way. Many people have a dream of becoming a property developer. They aspire to build properties, grow portfolios, and amass great wealth. However, many people often struggle with making the leap into property development. This book has the answers for how you can make the leap into property development. Grab your copy now. Episode Summary In the 91st episode of the Property Developer Podcast, host Justin Gehde interviews property developer Baheer Komak from EQ Property Group on how to turn around a struggling property development career. In this episode, Baheer shares his insights and strategies for overcoming obstacles and building a successful property development business. Top 5 points from the episode Identify the root cause of the problem Baheer emphasizes the importance of identifying the root cause of any problem that arises in a property development career. He explains that without understanding the root cause, it is difficult to develop an effective solution. He encourages property developers to be proactive in identifying potential problems and taking action to address them before they become major issues. Build a strong team According to Baheer, building a strong team is crucial for turning around a struggling property development career. He emphasizes the importance of hiring people who share the same values and vision for the business.
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Apr 28, 2022 • 39min

90 – How buyers agents can source development sites

Finding profitable development sites is a core responsibility for a property developer but increased competition in a hot market can make it very challenging at times. While most property is sold on the open market and found through popular sites such as realestate.com.au, plenty of transactions happen off market facilitated by people like buyers agents. A buyers agent acts on behalf of a buyer and leverages their network of agents and contacts to find properties that meet the brief of their clients. They can often find multiple opportunities that might be difficult for others to access. In this episode I speak with buyers agent Jordan Navybox about his work helping developers acquire development sites. I have always sourced my own sites, and never really entertained the idea of engaging someone to search on my behalf, but I can see how valuable it can be for someone to seek out and bring you the type of sites you are looking for, freeing you up to focus on other value producing activities. In this conversation we cover how a buyers agent differs from a regular agent, where they provide value and when you should think of engaging one. I think you will find this an interesting conversation and maybe using a buyers agent to source your sites might become your primary acquisition strategy. Property Development Training If you are interested in learning the fundamentals of property development, in your own time and at your own pace, then be sure to head over to www.propertydevelopertraining.com and take a look. I take you step by step through the development process so you know exactly what is needed to find a site, run a feasibility and complete a small scale property development, be that a duplex or 3 or 4 unit site. So head over to propertydevelopertraining.com and take a look... I would love to see you on the inside... Property Developer Quiz Keen to find out how ready you might be to become a developer? Then take the Property Developer Quiz (https://www.propertydevelopertraining.com/quiz) and get a sense of where you are at… Discover the secrets of a Million Dollar Property Developer Grab my book Become a Million Dollar Property Developer about my journey into property development. This book is ideal for anyone who intends to get into small-scale property development and wants an insider’s guide to successfully obtaining wealth, fulfilment, and glory. In this book, Justin will share how he succeeded in delivering a 20-townhouse project on his first property development project and what he learned along the way. Many people have a dream of becoming a property developer. They aspire to build properties, grow portfolios, and amass great wealth. However, many people often struggle with making the leap into property development. This book has the answers for how you can make the leap into property development. Grab your copy now. Social Connection Property Developer Podcast Facebook – https://www.facebook.com/propertydeveloperpodcast Property Developer Podcast Instagram – https://www.instagram.com/property_developer_podcast/ Property Developer Podcast LinkedIn – https://www.linkedin.com/company/property-developer-podcast Links CohenHandler - https://cohenhandler.com.au Episode Summary In episode 90 of the Property Developer Podcast, host Justin Gehde speaks with property buyers agent Jordan Navybox about how buyers agents can source development sites for their clients. Jordan is from a buyers agency that specializes in sourcing development sites for clients across Australia. Jordan begins by discussing his background in property investment and buyers agency. He explains how the firm specializes in sourcing development sites for clients who are looking to invest in property development. What is a Buyer's Agent? Justin asks Jordan to explain what a buyers agent is and how they can assist property developers. Jordan explains that a buyers agent is a licensed professional who represen...
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Jan 17, 2022 • 48min

88 – Legal considerations when doing a property development

Messy and costly legal issues in property development can often be avoided through good upfront advice and planning with an experienced property solicitor or lawyer. What are some common contractual issues and legal potholes that you should try and bypass? I speak to a property lawyer to find out. My guest on this episode is Kristy Muhlhan from Burke & Associates Lawyers. Kristy is the head of their Property Law Division and she shares a wealth of tips and ideas about keeping the legal side of property development in good shape. One of the traps that can catch people in property development is avoiding spending money to get good advice, particularly before you enter into a contract that is worth a large sum of money, be that a land purchase or a construction contract. However, good upfront advice can avoid a lot of issues later, and usually later means more messy and more expensive to fix. In this chat we discuss where property developers often come unstuck from a legal perspective, common legal structures that are used by developers and some key tips to consider before entering into any joint venture agreements. I am sure you will enjoy this conversation about key legal considerations in property development. Property Development Training If you are interested in learning the fundamentals of property development, in your own time and at your own pace, then be sure to head over to www.propertydevelopertraining.com and take a look. I take you step by step through the development process so you know exactly what is needed to find a site, run a feasibility and complete a small scale property development, be that a duplex or 3 or 4 unit site. So head over to propertydevelopertraining.com and take a look... I would love to see you on the inside... Property Developer Quiz Keen to find out how ready you might be to become a developer? Then take the Property Developer Quiz (https://www.propertydevelopertraining.com/quiz) and get a sense of where you are at… Become a Million Dollar Property Developer Grab my book Become a Million Dollar Property Developer about my journey into property development. This book is ideal for anyone who intends to get into small-scale property development and wants an insider’s guide to successfully obtaining wealth, fulfilment, and glory. In this book, Justin will share how he succeeded in delivering a 20-townhouse project on his first property development project and what he learned along the way. Many people have a dream of becoming a property developer. They aspire to build properties, grow portfolios, and amass great wealth. However, many people often struggle with making the leap into property development. This book has the answers for how you can make the leap into property development. Grab your copy now. Legal issues around Property Development I did a past episode on the legal side of property development, so if legals are your thing then go back to episode 63 where I speak with solicitor Lewis O’Brien about some key considerations for developers before they sign contracts for large amounts of money. There’s plenty of other great advice from Lewis in that chat so be sure to re-listen to episode 63 of the Property Developer Podcast - https://propertydeveloperpodcast.com/2020/02/16/63-legal-tips-for-astute-property-developers/ Links Burke Associates Lawyers - https://www.burkelawyers.com.au Property Developer Training – https://www.propertydevelopertraining.com Social Connection Property Developer Podcast Facebook – https://www.facebook.com/propertydeveloperpodcast Property Developer Podcast Instagram – https://www.instagram.com/property_developer_podcast/ Property Developer Podcast LinkedIn – https://www.linkedin.com/company/property-developer-podcast
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Dec 14, 2021 • 1h 5min

87 – When property development is no slam dunk

Anybody who has been through a few planning applications would know that strange things can happen along the way. Getting a permit is not always as easy as it sounds, particularly if there is some contentious element or interest groups start to mobilise against your application. This is exactly what happened to well known former professional basketball player Andrew Bogut when he tried to get a permit for a redevelopment project he wanted to do on some land he owned. Instead of being a straightforward application it turned into a massive fight that forced him to the courtroom, cost a lot of time and money, and tested his resolve. In this conversation Andrew shares how he was blindsided by a local interest group, how the local councillor hung him out to dry, why he ended up at a planning tribunal and how it all finished up. It was a pretty crazy journey for a guy who just wanted to redevelop his land. Many of the challenges that Andrew faced, I have been through myself with some planning applications, so it was interesting to get his take on the overall experience. There’s lots of practical advice and insight in this conversation, and I am sure you will enjoy it. Property Development Training If you are interested in learning the fundamentals of property development, in your own time and at your own pace, then be sure to head over to www.propertydevelopertraining.com and take a look. I take you step by step through the development process so you know exactly what is needed to find a site, run a feasibility and complete a small scale property development, be that a duplex or 3 or 4 unit site. So head over to propertydevelopertraining.com and take a look... I would love to see you on the inside... Property Developer Quiz Keen to find out how ready you might be to become a developer? Then take the Property Developer Quiz (https://www.propertydevelopertraining.com/quiz) and get a sense of where you are at… Become a Million Dollar Property Developer Grab my book Become a Million Dollar Property Developer about my journey into property development. This book is ideal for anyone who intends to get into small-scale property development and wants an insider’s guide to successfully obtaining wealth, fulfilment, and glory. In this book, Justin will share how he succeeded in delivering a 20-townhouse project on his first property development project and what he learned along the way. Many people have a dream of becoming a property developer. They aspire to build properties, grow portfolios, and amass great wealth. However, many people often struggle with making the leap into property development. This book has the answers for how you can make the leap into property development. Grab your copy now. Links Andrew Bogut - https://www.andrewbogut.com/ Property Developer Training – www.propertydevelopertraining.com Social Connection Property Developer Podcast Facebook – https://www.facebook.com/propertydeveloperpodcast Property Developer Podcast Instagram – https://www.instagram.com/property_developer_podcast/ Property Developer Podcast LinkedIn – https://www.linkedin.com/company/property-developer-podcast
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Nov 22, 2021 • 1h 8min

86 – Steadily delivering small scale property development projects

The classic pathway into property development is to start with renovations and then move into smaller developments and then on to small scale multi unit projects. And that is the journey that Paul Wilding has taken. I’ve known Paul for a few years and he’s been doing a number of small unit projects around Melbourne, some in similar areas to my own projects. Paul shares his insight into what he has learnt along the way including the importance of understanding market dynamics, how to start and grow a developing business, and how to research and analyze a new area to ensure you are delivering a product that meets market expectations. There’s lots of practical advice and insight in this conversation, and I am sure you will enjoy it. Property Development Training If you are interested in learning the fundamentals of property development, in your own time and at your own pace, then be sure to head over to www.propertydevelopertraining.com and take a look. I take you step by step through the development process so you know exactly what is needed to find a site, run a feasibility and complete a small scale property development, be that a duplex or 3 or 4 unit site. So head over to propertydevelopertraining.com and take a look... I would love to see you on the inside... Property Developer Quiz Keen to find out how ready you might be to become a developer? Then take the Property Developer Quiz (https://www.propertydevelopertraining.com/quiz) and get a sense of where you are at… Become a Million Dollar Property Developer Grab my book Become a Million Dollar Property Developer about my journey into property development. This book is ideal for anyone who intends to get into small-scale property development and wants an insider’s guide to successfully obtaining wealth, fulfilment, and glory. In this book, Justin will share how he succeeded in delivering a 20-townhouse project on his first property development project and what he learned along the way. Many people have a dream of becoming a property developer. They aspire to build properties, grow portfolios, and amass great wealth. However, many people often struggle with making the leap into property development. This book has the answers for how you can make the leap into property development. Grab your copy now. Archives Remember to dig back into the archives and take a listen to some of the fantastic past guests on the show, including a great chat with developer Jonathan Hallinan back in episode 77. While Jonathan has done some amazing projects including high rise towers, he started off doing humble renovations and spent a lot of time and effort trying to maximize his returns. Jonathan shares so much gold in that chat so I encourage you to go back and take a listen to episode 77. It was certainly a highlight for me to speak with him. Links Raphael & Co. Property Group - http://www.raphaelgroup.com.au Property Developer Training – www.propertydevelopertraining.com Social Connection Property Developer Podcast Facebook – https://www.facebook.com/propertydeveloperpodcast Property Developer Podcast Instagram – https://www.instagram.com/property_developer_podcast/ Property Developer Podcast LinkedIn – https://www.linkedin.com/company/property-developer-podcast
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Oct 31, 2021 • 15min

85 – Lessons from a 14 townhouse development

This month I wrapped up a 14 townhouse project that I have been working on for nearly five years. It has been a long, challenging and eventful project. There have been many many lessons and I will share some with you. We have finished with all the settlements in the complex. I have one remaining unit left unsold which is currently on the market and I'm looking to get that sold in the next month or so. I had always planned on keeping this unit till the end of the project because it is bigger and unattached to the rest of the dwellings on the site, and will appeal to a different range of buyers than the other ones. Anyway, I will talk more about the lessons from this project in a moment. You can check out the video below of the finished product. On my other project, I am expecting the Building Permit to be issued any day now and then have the builder on site within the next few weeks. Can't wait to get that project underway. Hopefully we have minimal delays on getting that delivered. Property Development Training If you are interested in learning the fundamentals of property development, in your own time and at your own pace, then be sure to head over to www.propertydevelopertraining.com and take a look. I take you step by step through the development process so you know exactly what is needed to find a site, run a feasibility and complete a small scale property development, be that a duplex or 3 or 4 unit site. So head over to propertydevelopertraining.com and take a look... I would love to see you on the inside... Property Developer Quiz Keen to find out how ready you might be to become a developer? Then take the Property Developer Quiz (www.propertydevelopertraining.com/quiz) and get a sense of where you are at… Become a Million Dollar Property Developer Grab my book Become a Million Dollar Property Developer about my journey into property development. This book is ideal for anyone who intends to get into small-scale property development and wants an insider’s guide to successfully obtaining wealth, fulfilment, and glory. In this book, Justin will share how he succeeded in delivering a 20-townhouse project on his first property development project and what he learned along the way. Many people have a dream of becoming a property developer. They aspire to build properties, grow portfolios, and amass great wealth. However, many people often struggle with making the leap into property development. This book has the answers for how you can make the leap into property development. Grab your copy now. Lessons Learned from my 14 townhouse property development project So, on this podcast I thought I would share some of the key lessons I took out of my just finished project. For those who have been listening to the podcast for a while would know that I have been battling away on this project for a number of years, probably close to five years, which included a failed trip to the planning tribunal to try and get a planning refusal overturned. So it has been a long road. Anyway, the project is basically done now and looks fantastic. Check some of the video posts I have made on the show's Insta and Facebook pages to see how it looks. I am very proud of the finished product and the buyers who have moved in are also delighted with their new homes. So what are the lessons I have learnt from this project? Let's go through some of them. These are in no particular order just reflections I have looking back over the past few years... 1. The illusion of perfection can drive frustration One of the challenges I continue to face is the expectation that things will go smoothly, even though I know and understand there will be challenges along the way. This can be a source of frustration when things go awry or problems pop up that annoy you. For example, I had to spend $6,000 getting a new electricity connection for one of the townhouses because the council wouldn’t allow the cables from the central mete...
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Sep 24, 2021 • 50min

84 – Lessons learned from 15 property development projects

There’s nothing like experience to provide some hard won lessons on what works and what doesn’t work when it comes to delivering a property development project. While every project is different, there are some fundamentals that can be applied across projects to help things go as smoothly as possible. Matt Chamberlain from Chamberlain Property has delivered more than a dozen small scale development projects and shares with us some of the tips and ideas that have worked for him. We cover the importance of research and understanding the market you are working in so that you can prepare a great feasibility, how resilience is something that has really helped Matt get through the many challenges he has faced, and how his business probably grew too quickly in the first few years. Keep an ear out for how Matt likes to shape his feasibilities and the key metric he looks at to ensure his land cost is no too high. Project Updates MontVue - Titles issued, trying to wrap up practical completion and get Settlements booked in. Cambridge - Finally got town planning endorsement of the plans and drawings, working on building permit documentation so construction can get started. Property Development Training If you are interested in learning the fundamentals of property development, in your own time and at your own pace, then be sure to head over to www.propertydevelopertraining.com and take a look. I take you step by step through the development process so you know exactly what is needed to find a site, run a feasibility and complete a small scale property development, be that a duplex or 3 or 4 unit site. So head over to propertydevelopertraining.com and take a look... I would love to see you on the inside... Property Developer Quiz Keen to find out how ready you might be to become a developer? Then take the Property Developer Quiz (www.propertydevelopertraining.com/quiz) and get a sense of where you are at… Become a Million Dollar Property Developer Grab my book Become a Million Dollar Property Developer about my journey into property development. This book is ideal for anyone who intends to get into small-scale property development and wants an insider’s guide to successfully obtaining wealth, fulfilment, and glory. In this book, Justin will share how he succeeded in delivering a 20-townhouse project on his first property development project and what he learned along the way. Many people have a dream of becoming a property developer. They aspire to build properties, grow portfolios, and amass great wealth. However, many people often struggle with making the leap into property development. This book has the answers for how you can make the leap into property development. Grab your copy now. Archives Don’t forget there is a rich archive of past episodes if you want to go back and take a listen to all my past guests, there’s some absolute crackers in the vault. I was thinking the other day of my chat with former Victorian Premier and trained architect, Ted Ballieu in episode 73 and how we talked about the decay and disappointment of the planning system, definitely worth a listen. Links Property Developer Training - www.propertydevelopertraining.com Chamberlain Property - www.chamberlainproperty.com.au Property Developer Podcast - www.propertydeveloperpodcast.com Social Connection Property Developer Podcast Facebook – https://www.facebook.com/propertydeveloperpodcast Property Developer Podcast Instagram – https://www.instagram.com/property_developer_podcast/ Property Developer Podcast LinkedIn – https://www.linkedin.com/company/property-developer-podcast
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Aug 13, 2021 • 48min

83 – How to grow a fantastic property development business

Many developers look to grow their business quickly, trying to scale and improve their returns. But scaling rapidly comes with risk, as you expose yourself to more debt and leverage. However, slow and steady might just win the race. My guest today has taken a measured approach to growing his development business, and we'll discuss his deliberate approach to scaling and growing a property company. I am speaking with Peter Siassios from Inland Property Group. Peter is doing some awesome townhouse projects and slowly growing his development empire. We have a great conversation about how he has gone from tradie to developer and what he has learnt along the way. Peter has been working on controlling as many parts of the development process as he can including building his own projects. Some key points we covered include: 1. The importance of knowing who your buyer is and the power of meeting with them 2. Sticking to what you are good at and knowing your area 3. Take your time to grow Property Developer Training I have been humbled by the number of people who have signed up to the Property Developer Training. Thank you to them all. If you would like to get started in property development and want an easy to consume course that takes you step by step through the development cycle then head over to www.propertydevelopertraining.com and check out what's included. I've been getting great feedback from people, including Declan who says: "I highly recommend the Property Developer Training to anyone wanting to take their developing to the next level. It takes much of what is discussed on the Property Developer Podcast and translates it into the practical process of development. Great training on feasibilities and construction costs." Thank you Declan, glad you enjoyed the training. So head over to propertydevelopertraining.com and take a look... I would love to see you on the inside... Project Updates MontVue Exciting times at Mountain View Rd as we have held our first group of buyer inspections on the completed townhouses. It's the first time people have had a chance to wander around their new home so it is a big milestone in the project. I am very close to satisfying all the permit conditions for the subdivision permit which will allow council to issue a Statement of Compliance and enable the new titles to be issued and sent to the Titles Office. And that means that settlements are on the near horizon. Yeehaw! One other point of interest on that project is that I finalized an off market sale directly with one of the neighbors to the site. Was fun to work with them on the sale. Funny how some things happen during a project. Cambridge On my other project I am still waiting to get Town Planning endorsement from council, it's coming up to 3 months now, far out, it's so slow, anyway, we are finalizing our funding facility and getting the final pieces in place so that we can get our Building Permit and get going. I Can't wait to get that project underway and it's going to look awesome when it is finished Property Developer Quiz Keen to find out how ready you might be to become a developer? Then take the Property Developer Quiz (www.propertydevelopertraining.com/quiz) and get a sense of where you are at… Become a Million Dollar Property Developer Grab my book Become a Million Dollar Property Developer about my journey into property development. This book is ideal for anyone who intends to get into small-scale property development and wants an insider’s guide to successfully obtaining wealth, fulfilment, and glory. In this book, Justin will share how he succeeded in delivering a 20-townhouse project on his first property development project and what he learned along the way. Many people have a dream of becoming a property developer. They aspire to build properties, grow portfolios, and amass great wealth. However, many people often struggle with making the leap into property development.

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