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Home > Property Developer Podcast > 21 – Moving from major rental property investor to serious property developer
Podcast: Property Developer Podcast
Episode:

21 – Moving from major rental property investor to serious property developer
Category: Business
Duration: 00:52:08
Publish Date: 2016-08-30 07:02:26
Description: 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 Developer Training If you are keen to get started today in learning about the property development process and what you need to do at each step, then jump into the Property Developer Training course (www.propertydevelopertraining.com). This is the program that Justin has put together to help you get quickly started in property developing. Complete the course at your own pace and in your own time, and learn the tips, trips and techniques that Justin has used in all his projects. Find out more at www.propertydevelopertraining.com   Property Developer Quiz Keen to find out how ready you might be to become a developer? Then take the Property Developer Quiz (www.propertydevelopertraining.com/quiz) and get a sense of where you are at… Lessons for Property Developers I thought Dave shared some great gems of wisdom during the conversation including: 1. Letting people get on with their specialised roles. Don’t try and micro-manage people along the way. Hire the best people you can, be clear on your expectations and then let them get on with doing their jobs. Check in along the way to make sure they are on track, but otherwise allow the experts to do their thing. 2. Think about how you want to scale your business Dave talked about working out whether you want to more projects or bigger projects, or maybe both. Do you want to move closer to the city, or do you want stay in one area or a couple of known areas? These are the questions you need to answer if you want to grow your business. 3. If you take on investors be clear about how you will manage the relationship Finding investors is one thing, finding the right investors is another thing altogether. Dave talked about considering what problem you are sol...
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