Property development can be daunting, especially when considering involvement from a family member.
However, having a mentor offers guidance and support, helping you navigate challenges and make informed decisions. Involving a family member can strengthen your partnership and enhance your journey so embrace mentorship and family collaboration to boost your confidence in property development!
Having a mentor by your side not only provides you with valuable insights and advice but also offers a sense of security in the often unpredictable world of property development. With their wealth of experience, mentors can help you navigate through potential challenges, identify lucrative opportunities, and make informed decisions.
In this week’s episode, Bob and Hilary interview their student Tony Crichton. Tony talks about his joint venture project with his daughter and how they were put onto the project by an agent, initially thinking it wouldn’t stack up financially. However, after adjusting the retail value of townhouses, they realised it could work!
So if you’re looking for inspiration to take on a property development project, you won’t want to miss this week’s episode!
Episode Highlights:
Student interview with Tony Crichton [01:01]
How did you get on with this site? [02:13]
Reworking the design [07:10]
Retention in a building contract [09:03]
Getting the agent involved [12:56]
What was it like getting started? [14:40]
Was it always supposed to be a joint venture with your daughter? [15:29]
How has it been working with family? [16:03]
What is your biggest takeaway? [16:31]
How is marketing going? [21:11]
Join the mentoring program [22:33]
Upcoming workshop [22:42]
If you would like to get in touch with us, email admin@propertymastermind.com.au or phone 1300 729 550
