Ep 2 - BE a Property Developer Series: Talking with Steve Chandler about Acquisition Phase of Property Development
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Hey, Legends! Welcome to Episode 2 of our special 7-part How to BE a Property Developer Series, on The Building Talks Podcast!
Throughout this season, I'll be chatting with Steve Chandler CEO of LEFTA Group and Director at the Property Development Institute. In this episode, we’re continuing our exploration of the ins and outs of property development, diving into the nitty-gritty details of Property Acquisition, and how this can make or break your project.
As the first of the 5 fundamentals' Steve will teach us through this series, we discuss the importance of understanding financing options and highlight the significance of location and market research. Steve shares insights on navigating zoning and planning regulations, conducting thorough due diligence, and the role of concept design in assessing development feasibility.
But it doesn't stop there! We also explore creative ways to minimise risk in your developments. Whether it’s choosing between different unit layouts, seeking investors, or flipping homes, there are plenty of strategies to consider. Plus, we talk about the importance of networking—after all, building connections is key in this industry.
And, of course, we touch on risk management strategies and the potential for partnerships and investments, emphasising that property development is a long-term commitment rather than a quick profit scheme.
If you're eager to learn more about property development and want to hear tips from an industry expert, hit play and join us for this engaging chat!
Takeaways:
- Acquisition kicks off the property development journey.
- Location and market research are the backbone of successful projects.
- Zoning regulations can make or break your development plans.
- Thorough due diligence helps you dodge costly pitfalls.
- Concept design is crucial for figuring out if a project is feasible.
- Smart risk management keeps your project on track.
- Investors can be key players in funding your ventures.
- Building a strong network is vital for your success.
- Property development is a marathon, not a sprint—commit to learning and growing!
Hope you enjoy the podcast!
The Building Talks Podcast is brought to you by Building Environs Recruitment - providing recruitment solutions to the property, construction, and related industries, here in Melbourne and Southeast Queensland. For an overview of our service, visit:
www.buildingenvirons.com.au
Also, if you're considering a journey towards becoming a Property Developer, Steve is the go-to guy in this space - reach out to him at:
www.propertydevelopmentinstitute.com
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The views and information shared in this podcast are for general purposes only and do not constitute legal or professional advice. Neither the host nor guests are providing specific guidance. Please seek professional advice before taking any action based on the content of this podcast.
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