Property Developer Podcast cover image

Property Developer Podcast

Latest episodes

undefined
Sep 8, 2016 • 52min

22 – Why property developers should understand the velocity of money

Understanding the power of the velocity of money can help property developers accelerate their net worth and grow their property developing business. Property developer Dave Bradley shares why he focuses on the velocity of money and gives tips on how you can take your property developing to the next level. This is part two of my conversation with Dave. If you haven’t heard part 1, make sure you go back to episode 21 and take a listen because Dave shares some absolute golden advice on how to grow your developing business. And in this part we dig deeper to unearth even more bullion about how you can take your business to the next level. Dave and I talk about the questions you need to ask if you want to scale your business, what holds people back from taking the next step, and his one tip for developers who aspire to greatness. So get your pen and paper out and get ready to take some notes. We pick up where we left off, with Dave sharing where he plans on taking his developing business…. I really enjoyed speaking with Dave and I hope you picked up some ideas and tips for taking your developing to the next level. It was awesome of Dave to share so much of his time with me, and I’d encourage you to reflect on some of the questions he posed. 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. The training includes a bonus program called Taking It To The Next Level for people who may want to go into developing full-time, along with another bonus course called Raising Capital which covers how to raise money for your projects. 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/propertydeveloperpodcastProperty Developer Podcast Instagram – https://www.instagram.com/property_developer_podcast/Property Developer Podcast LinkedIn – https://www.linkedin.com/company/property-developer-podcast Tips for property developers Here’s the points from this week’s conversation that resonated with me: 1. Go as hard as you can As Dave said, you only get one go around the board so make the most of it. If you set yourself some lofty goals, you might surprise yourself by achieving them! 2. Challenge your limiting beliefs Most of what holds us back is our fears, or limiting beliefs - but they are simply figments of our imagination. In developing, for pretty much any situation, there’s probably been someone who has already faced that challenge and overcome it.
undefined
Aug 30, 2016 • 52min

21 – Moving from major rental property investor to serious property developer

Scaling a developing business can be a challenge for many developers, however by asking the right questions it may not be the hurdle you perceive it to be. Real estate developer Dave Bradley has managed to transition from major rental property investor to a serious property developer who has scaled his business along the way, and he shares how you can too. Dave is probably known to many property investors as the partner of Steve McKnight, who wrote the very well known book 0-130 Properties in 3.5 years - one of Australia’s highest selling real estate books. Dave featured heavily in the book as Steve’s partner at the time they started buying huge volumes of positive cash-flow properties. Dave is now out on his own, has been for quite some time, and focuses on property development. And he kindly shares some of the lessons he has learnt along the way. Which way do you get bigger? Do you do more projects or put more dwellings on each site? - Dave Bradley Dave spoke at a small event I attended a few years back while I was learning how to develop property, and he shared a story about he completed the Melbourne Iron Man despite some serious set backs along the way, and his message of committing yourself to doing whatever it takes to succeed really resonated with me. I really took on board that message and have often repeated it to myself along the way, particularly when things aren’t going exactly to plan. Dave shares plenty of gold that will help you take your business to the next level. It ended up being quite a long chat so I have split the conversation in two, so tune in to the next episode to hear the second and concluding part of the discussion. We really cover quite a bit of territory in this part of the discussion including: - how to grow your developing business - how to figure out which direction to take it - and dealing with investors Tune in the next episode to hear the second half where we discuss whether to hold onto stock, key questions to ask yourself about growing your business and Dave’s top tip for developer’s who are keen on taking their business to the next level. 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. The training includes a bonus program called Taking It To The Next Level for people who may want to go into developing full-time, along with another bonus course called Raising Capital which covers how to raise money for your projects. 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.
undefined
Aug 10, 2016 • 1h 4min

20 – Town planning tips for property developers

Getting your planning permit is a big step in a development project, particularly one you are happy with. Get your planning permit and you are one stamp closer to finishing. So, I speak with private town planner Craig Christie from ASI Planning about how developers can approach the planning phase of the development process. This is one of the most important parts of the game, as this is where you can potentially set up your project for real success, and obviously getting that planning permit is a big step in reducing the risk of your development. It can make a big difference getting council to support your application rather than getting stuck and having to re-submit plans, or worse still start to lose units. Craig provides some very useful tips about when you should use a private town planner and how to get the most out of them, some great suggestions on handling council objections, and one way you can encourage council planning officers to keep your application moving along. I thought that was a great discussion with Craig about planning. I know the planning part can be very frustrating, particularly when council are not really happy with the direction you want to go in, or are trying to get you to scale down, but it is one of the most important parts of the game. Get your planning permit and you are one stamp closer to finishing. However, if you get a good designer on your team, and potentially a great private town planner, you will give yourself the best shot of getting something though that you are happy with. 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. The training includes a bonus program called Taking It To The Next Level for people who may want to go into developing full-time, along with another bonus course called Raising Capital which covers how to raise money for your projects. 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/propertydeveloperpodcastProperty Developer Podcast Instagram – https://www.instagram.com/property_developer_podcast/Property Developer Podcast LinkedIn – https://www.linkedin.com/company/property-developer-podcast Town planning lessons for real estate developers I took quite a few points out of the discussion with Craig including these lessons: 1. Use a town planner who has experience in your type of project and understands the council you are dealing with Make sure if you are using a private town planner that they ha...
undefined
Jul 27, 2016 • 31min

19 – How windows and doors can open up selling opportunities for a property developer

Finding opportunities to get an edge in the market and to stand out from the crowd is a great way to sell out your developments, and also to earn a reputation for delivering quality products. So I speak with Joel Griffs from Binq Windows and Doors about how finishes can make a big difference to your next property development. Joel contacted me a few weeks back and invited me to come down to their factory and learn about windows and doors. At first I said I wasn’t sure why I, or other developers, would be too interested in windows and doors, but that I would remain open (pun intended) to the idea. So I visited the Binq factory and had a chat with Joel. I got a lot out of it and I’m sure you will to. During our conversation we discuss why developer’s don’t focus much attention on windows and doors, how you can get an edge on your competition and why Joel started a manufacturing business in the first place… Thank you to Joel and the team at Binq Windows and Doors (www.binq.com.au) for showing me around the factory and educating me about why windows and doors can make a big difference to a property development. I have to say they do make some beautiful timber doors and windows, when you stop and notice little things in a house, like nice doors or handles, or the window frames, you begin to appreciate how many little opportunities you have to shape how the home will feel when it is finished. 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. The training includes a bonus program called Taking It To The Next Level for people who may want to go into developing full-time, along with another bonus course called Raising Capital which covers how to raise money for your projects. 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/propertydeveloperpodcastProperty Developer Podcast Instagram – https://www.instagram.com/property_developer_podcast/Property Developer Podcast LinkedIn – https://www.linkedin.com/company/property-developer-podcast Lessons for real estate developers I took away a couple of ideas from speaking with Joel including: 1. Explore what other building products may be available to you Can you try a different type of door or windows, or is there a new flooring product that can give you a better result without increasing the cost. You could try calling manufacturers direct, or contact an industry body for advice on new ways of doing...
undefined
Jul 14, 2016 • 42min

18 – From fifty bucks to $130 million in property development projects

Understanding when and how to accelerate your property developing business can be the difference between going to the next level or going bust. So I speak with Brendon Ansell from Velocity Property Group about how and when he accelerated his property development business. I think you will enjoy some of the insights that Brendon will share with you. Brendon is doing some great developments and is really ramping up his business, which is exciting to see. Brendon moved from South Africa to Brisbane in the 90s and started out with $50 in his pocket. Today his business is running around $130million in projects. That’s some change! During our conversation we talk about how you go from doing a splitter block to running multiple projects, how and when you can accelerate your developing enterprise, and how to create a strong foundation for your future business. We also touch on what to do when you have three staff members all with the same name. 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. The training includes a bonus program called Taking It To The Next Level for people who may want to go into developing full-time, along with another bonus course called Raising Capital which covers how to raise money for your projects. 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/propertydeveloperpodcastProperty Developer Podcast Instagram – https://www.instagram.com/property_developer_podcast/Property Developer Podcast LinkedIn – https://www.linkedin.com/company/property-developer-podcast Lessons for Property Developers What a great story about a guy landing in a new country and really making a go of it. I really enjoyed speaking with Brendon, I took a lot away from our chat. 1. Give yourself five years to understand and learn your property developing business I think the biggest idea that stuck out for me was this notion of giving yourself five years to understand and learn your business. It is in these early years that you can really lay the foundation for a strong, sustainable business by understanding what you do best and how to do it better. Once you have that foundation set then really look to accelerate your activities from years 5-10. I think this is really solid advice, as often people can be undone by trying to do too much too soon and then falling over. 2. Find a mentor to help expand your real estate development skills
undefined
Jul 4, 2016 • 53min

17 – How to make sure your property development project is ‘bankable’

Ensuring your property development project is 'bankable' relies on lenders feeling confident that the development will be a success. Understanding how lenders assess your project goes a long way to helping you strongly position the deal from the earliest stages. Past guest and finance specialist Gayle Stapleton shares some tips and ideas about funding, lending and one thing you can do to ensure your deal stacks up from day one. Gayle is a former long-time bank executive who left the dark side and now runs her own finance business called Stapleton Pacific. 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. The training includes a bonus program called Taking It To The Next Level for people who may want to go into developing full-time, along with another bonus course called Raising Capital which covers how to raise money for your projects. 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/propertydeveloperpodcastProperty Developer Podcast Instagram – https://www.instagram.com/property_developer_podcast/Property Developer Podcast LinkedIn – https://www.linkedin.com/company/property-developer-podcast Types of property development funding In this chat we discuss the current lending landscape, take a deeper look at valuation and quantity surveyor reports, and cover some of the different types of debt and funding options out there, for example:- senior debt- junior debt or mezzanine finance- preferred equity- developer equity. It certainly is a moving feast when it comes to development finance with lenders changing their appetite and amending their selection criteria all the time. And I think that is why a finance specialist can really help you stay aware of where the lending market is at and how to obtain the best deal. Things to consider with real estate development finance Here’s a couple of things I took away from our chat. 1. Consider a higher cost of capital. You may need to start factoring in higher capital costs when doing your project feasibility. With major lenders tightening their lending parameters you may be forced to use a blend of different debt types and paying higher interest rates. And considering interest rates were above 7% and 8% not many years ago, paying those kind of rates should be viewed in the broader context of what you are trying to achieve with your developing. Do you want to get in and out faster,
undefined
Jun 16, 2016 • 59min

16 – Secrets of powerful visual imagery that helps sell off the plan property

Getting your visual images right for your property development can be the difference between sitting on stock with limited enquiries, or selling out fast with multiple offers. A great set of visual marketing material can really get the juices flowing of a buyer and get them excited about what you have to offer. So, in this episode I speak with visual artist Stan Zaslavsky from Eagle Vision about digital images and visual marketing materials. Something that plays a key role when selling off the plan. A great visual image will have a powerful story and move a potential purchaser to take action. I find there is such a variety of quality with visual marketing material from the downright terrible to absolutely amazing, and everything in-between. And the costs for marketing materials ranges from cheap to significant. As previous guest, Ben Buxton said, there is real importance to imagery, it draws in the viewer and should dazzle and seduce. 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. The training includes a bonus program called Taking It To The Next Level for people who may want to go into developing full-time, along with another bonus course called Raising Capital which covers how to raise money for your projects. 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/propertydeveloperpodcastProperty Developer Podcast Instagram – https://www.instagram.com/property_developer_podcast/Property Developer Podcast LinkedIn – https://www.linkedin.com/company/property-developer-podcast How digital renders help sell real estate Digital images or renders are such a critical part of selling off the plan, as they are often the first contact potential buyers have with your project or product, and it must move them to take action, which is most likely to contact the agent. During the discussion Stan talk about a valuable resource you can access to help you get the best visual imagery done for you next project, I will share how you can get that later in the show. So I raised a lot questions with Stan about digital images and marketing tools, we talk about what makes good visual imagery, what questions you should ask a visual artist, and why renders can play a critical part in the planning application process. Tips for getting great digital images for property developments Here are the 3 key points I took out of that conversation with Stan
undefined
Jun 2, 2016 • 1h 8min

15 – Zero to $40 million worth of property development projects in five years

Scaling a property development business can be challenging due to the financial and process requirements that enable you to start and successfully finish projects. Property developer Shane Hiscock shares how he has grown a business from zero to $40 million worth of projects in just five years. Shane is doing multiple joint-venture type projects with investors, and has gone from doing one new home build project, to now having 20 projects underway. He has learnt a lot about managing partners, setting up joint ventures and the mindset you need to grow a developing business. 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. The training includes a bonus program called Taking It To The Next Level for people who may want to go into developing full-time, along with another bonus course called Raising Capital which covers how to raise money for your projects. 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/propertydeveloperpodcastProperty Developer Podcast Instagram – https://www.instagram.com/property_developer_podcast/Property Developer Podcast LinkedIn – https://www.linkedin.com/company/property-developer-podcast Books to help real estate developers Shane also shares four books that he thinks will help property developers take their business to the next level. They are: 1. Leveraging the Universe - Mike Dooley 2. Power of the Subconscious Mind - Joseph Murphy 3. E-Squared & E-Cubed - both by Pam Grout 4. Scaling Up - Verne Harnish I think Shane is taking his developing business in a really interesting direction and I’m sure it will be a success. It goes to show how far you can come in 5 or 6 years, if you persist and continue to deliver value for people. Tips for property developers I enjoyed my conversation with Shane, and here’s 3 points that stuck out for me: 1. Take the time to expand your mind I believe it is important that you keep your brain active by continually learning something new. That may be reading a biography, attending a seminar or doing a formal course. It’s a great way to expand your thinking, learn about alternative concepts or just be inspired by what other people have achieved. If you are not improving then you are going backwards, and there is so much awesome stuff to discover in this world. 2. Value your skills, abilities and time Shane talked about the lesson he is learning about v...
undefined
May 20, 2016 • 1h 6min

14 – Clever property development funding tips from a leading finance broker

Finding ways to access funding and being more creative with your cash are two key elements of any successful property developing business, and keeping the money flowing is critically important. Today’s guest is the founder of Australia’s number 1 commercial finance brokerage, Dan Holden from Holden Capital and he shares how elite developers structure their finance. We cover some really interesting content related to project finance, and I think you will find it helpful for reflecting on where you are now and where you want to get to, and how you can map that financial journey out a bit more. We talk about some sophisticated funding solutions that are available to help you stretch your money further, ways property developers can manage their cashflow, the importance of understanding your business model, how you can strategically plan your funding needs, and how to avoid problems that bring developers unstuck. “Funding your project is a massive risk item and the more developer’s understand that, the better.” Dan Holden 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. The training includes a bonus program called Taking It To The Next Level for people who may want to go into developing full-time, along with another bonus course called Raising Capital which covers how to raise money for your projects. 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/propertydeveloperpodcastProperty Developer Podcast Instagram – https://www.instagram.com/property_developer_podcast/Property Developer Podcast LinkedIn – https://www.linkedin.com/company/property-developer-podcast Dan Holden’s Cash Flow Strategies for Property Developers 1. Include a development management fee By including a development management fee into your project feasibility, you allow yourself to receive income during the project lifecycle. In many instances, the first mortgage construction finance provider will allow a periodic development management fee to be advanced from the loan as part of the professional fees but remember that it needs to be kept reasonable, reflecting your contribution to the project. 2. Access an Equity Redraw Be smart and replace some your equity during the project lifecycle. How and when you utilise your capital can greatly reduce the demand on your cash flow and it is important to remember that in most instances, project risk reduces as the project progresses.
undefined
May 6, 2016 • 1h 12min

13 – How a property developer diversified his business and changed his life

Property entrepreneur Matt Jones, from the Property Resource Shop, has an interesting story to tell about how he ended up doing developments. He has trodden the well worn path of renovations to subdivisions, but along the way he has set up his own property network, grown a membership website and been involved with lots of development deals. So much so, that he has taken time out with his family to live in France for a couple of years. Tres Bon! In our conversation we cover a lot of ground including the importance of your mindset to creating the life that you want, how to stay focused and what you need to do take that developing business of yours to the next level. I hope the conversation with property entrepreneur Matt Jones, inspires you to think about getting to the point where you can take yourself off to another country for a few years to immerse yourself in the culture and reflect on your success. I really like how Matt understands his purpose and uses that to guide his decisions, I’d encourage you to do the same. 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. The training includes a bonus program called Taking It To The Next Level for people who may want to go into developing full-time, along with another bonus course called Raising Capital which covers how to raise money for your projects. 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/propertydeveloperpodcastProperty Developer Podcast Instagram – https://www.instagram.com/property_developer_podcast/Property Developer Podcast LinkedIn – https://www.linkedin.com/company/property-developer-podcast Lessons for property developers I took quite a few things out of our discussion, and here are my top 3: 1. Be laser focused about why you are a property developer This may sound a bit nebulous but it all boils down to why are you doing things. Why do you want to be a developer? Why do you want to deliver successful projects. Is it to spend more time with your family? Buy some freedom? Buy a Ferrari? Whatever is most meaningful to you is what will continue to inspire you each day. You need to find it. 2. Be consistent with your developing effort I like this idea of consistency. Matt talked about consistently using your time. So if you have 7 hours a week, do 1 hour a day, not all on the weekend.  If you can allocate time every day to do things that will help you get there,

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode