EP 144: Important Considerations For Your Property Development Success
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When it comes to anything in life, we always need to consider every factor for every aspect. That’s no different when it comes to property development. Whether you are embarking on your first or fifth development project there are key considerations for achieving success in property development.
Three of those key takeaways include risk management, diversification, and long-term strategic planning. Whether you are considering the risks, diversifying your portfolio or planning for the long term, the key is to stay educated and seek advice from experienced professionals and be adaptable to changes.
In this week’s episode Hilary and Bob discuss important considerations for your property development success. From risk management to diversification and strategic planning, they cover it all! As we navigate through the dynamic world of property development, these takeaways serve as guiding principles to help you make informed decisions, mitigate risks, and achieve your long-term goals. So don’t miss this week’s episode where you will learn valuable insights and tips on navigating the world of property development.
Episode Highlights:
- Bob’s tip of the week [01:29]
- Risk Management in Property Development [03:21]
- Market Risks and Interest Rates [07:04]
- Dealing with Councils and Pre-lodgements [08:01]
- Mitigating Market Risks [10:01]
- The Importance of Diversification [14:02]
- Long-Term Strategic Planning in Property Development [18:11]
- The Significance of Having a Strategic Plan [24:35]
- Reviewing and Adapting Strategic Plans [27:10]
- Recap [34:17]
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Kind Words From Our Students
M. Rigoni
"You can trust these guys"
You can trust these guys, they are professional, reliable, honest, knowledgeable, problem-solvers; who build a diversified range of quality products that deliver great returns.
John Comninos
"I feel more confident going forward with developing now."
Your course has really gelled the bits and pieces… It’s managed to fill in the gaps in my knowledge and the support manual has been a great help …I feel more confident going forward with developing now.
Gary Sherdon
"I would have no hesitation in recommending this course and have done so on many occasions."
I would like to thank Bob and Hilary for the opportunity to participate in The Property Accelerator. I enjoyed the learning experience both online and in person. This has allowed me to implement knowledge and given me confidence to pursue Property development. In this time I have committed to two duplexes and am currently working on a splitter. The splitter involves a boundary realignment plus renovation and then construction of a second dwelling. This is being done in a JV arrangement (another of Bob’s strategies). I would have no hesitation in recommending this course and have done so on many occasions.
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