All Topics / Help Needed! / Any one have advice on how to become a part time property developer

Viewing 5 posts - 1 through 5 (of 5 total)
  • Profile photo of JpcashflowJpcashflow
    Participant
    @jpcashflow
    Join Date: 2007
    Post Count: 575

    Hi Every one,

    I currently work full time at the moment and have bought my first house at 22 last year.

    In recent times i have seen shows or documentry on how everyday people know do property development part time or full time. Since im investing in property i thought why no get into development my self?
    I have a few friends who work in different trades so they will come in handy.

    What i would like to know are u a devloper your self?
    how did you start and how much u need to start and most importantly how did u educate your self?

    and help would be more then greatfull

    thanks

    Johann psaila

    Jpcashflow | JP Financial Group
    http://www.jpfinancialgroup.com.au
    Email Me | Phone Me

    Your first port of call in finance :)

    Profile photo of Bob AndersenBob Andersen
    Participant
    @bob-andersen
    Join Date: 2007
    Post Count: 36

    Hi Johann,

    Congratulations on your first property investment. I have been a developer and investor for 27 years and done properly, property development can be very rewarding.

    Property development requires knowledge, time and money although it's not absolutely necessary that you have all three. For example you might have knowledge and time but might need to partner with someone who has the money but not the knowledge and time.

    Undertaking your first property development incurs more risks than acquiring your first property investment but the rewards can be much greater. Investors who become developers usually do so so they can obtain investments at absolute developer's cost, instead of paying retail price like most investors. Developing your own investments can be a great way to build a sizable property investment portfolio much quicker than paying retail price.

    Knowledge and experience can be the most elusive element to obtain and this is where you need to leverage off knowledgable and successful developers. Firstly I suggest you read any literature on property development you can get your hands on. There are a few Australian books written on property development including one I have written. The Australian Property Investor magazine is currently running a series of twelve articles on becoming a small property developer commencing with the September issue.

    Next I would recommend you invest in attending a property development workshop where you can obtain direct, hands on knowledge of property development. Lastly you should seek an advisor or mentor to 'hold your hand'  through your first one or two developments.    

    Feel free to check out my website http://www.propertystrategies.net . As a budding developer you might find it interesting.

    Profile photo of ducksterduckster
    Participant
    @duckster
    Join Date: 2004
    Post Count: 1,674

    You could go to property investor meetings or get a video of these meetings in Vic.
    see below

    troynbec run them I have been to a couple of them

    MEETING DETAILS

    6.30 onwards for 7.00pm – 10.00pm (please make sure you are seated by 7.00pm sharp)

    Tuesday 12th of June
    New Hope Baptist Church Community Events Room
    (opposite end of building to last month)
    Cnr Middleborough & Springfield Rds, Nth Blackburn
    $10 cover charge for hall hire
    Please bring a pen, paper, a drink if required & plenty of questions
    Directions:

    location plan & how to get there map

    FUTURE MEETINGS

    Keep your diaries free for the next meetings & great lead presenters

    Tuesday 12th June – Andrew Boer, Moore’s Legal
    Monday 9th July
    Monday 13th August
    Monday 10th September
    Monday 8th October
    Monday 12th November
    Monday 10th December

    After June it will be the second Monday of each Month

    Profile photo of kkingkking
    Member
    @kking
    Join Date: 2006
    Post Count: 17

    Hello Johann,

    From time to time (about twice a year) Steve McKnight organises a property develoeprs workshop/seminar in Adelaide. the seminar/workshop is conducted by Martin Ayles who is a successful developer specialising in affordable housing. You could make an enquiry thru PI.com to find out when your next opportunity is to attend this.

    Profile photo of JpcashflowJpcashflow
    Participant
    @jpcashflow
    Join Date: 2007
    Post Count: 575

    Hi,

    Thanks for the link i will have a think about this

    cheers 

    duckster wrote:
    You could go to property investor meetings or get a video of these meetings in Vic.
    see below

    troynbec run them I have been to a couple of them

    MEETING DETAILS

    6.30 onwards for 7.00pm – 10.00pm (please make sure you are seated by 7.00pm sharp)

    Tuesday 12th of June
    New Hope Baptist Church Community Events Room
    (opposite end of building to last month)
    Cnr Middleborough & Springfield Rds, Nth Blackburn
    $10 cover charge for hall hire
    Please bring a pen, paper, a drink if required & plenty of questions
    Directions:

    location plan & how to get there map

    FUTURE MEETINGS

    Keep your diaries free for the next meetings & great lead presenters

    Tuesday 12th June – Andrew Boer, Moore’s Legal
    Monday 9th July
    Monday 13th August
    Monday 10th September
    Monday 8th October
    Monday 12th November
    Monday 10th December

    After June it will be the second Monday of each Month

    Jpcashflow | JP Financial Group
    http://www.jpfinancialgroup.com.au
    Email Me | Phone Me

    Your first port of call in finance :)

Viewing 5 posts - 1 through 5 (of 5 total)

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