This week, Hilary and Bob discuss how to navigate unexpected events in property development. They emphasise that surprises are a common occurrence in the field, and sharing their current experiences provides valuable insights for listeners.
They also dive into the importance of reflection, inspired by Hilary’s recent mindset session. Bob highlights that while reflecting on past experiences is crucial for learning, it’s important to remember that the past should be a place of learning from history rather than dwelling on the past.
Episode Highlights:
Importance of Reflection [01:27]
Reflection vs. Residing in the Past [01:52]
Current Issue: Industrial Development [03:08]
Christmas Shutdown Challenges [03:42]
Finance and Valuation Delays [08:46]
Requesting an Extension [11:58]
Dealing with Multiple Investors [12:48]
Lawyer Communication Issues [16:02]
Importance of Relationships [18:02]
Plan B: Settling Without Financier [21:21]
Plan B Details [23:51]
Christmas Settlement Challenges [27:17]
Boxing Day Settlement Example [28:07]
Conclusion [28:32]
