Ever wondered how the big names in property development ‘made it’ from where they started? Ever wondered if you can make it, too? Well, you can!
It’s no wonder that he has become the country’s most successful residential property developer. Also, perhaps you’ve heard about it: In 2019, Forbes dubbed him as one of the richest people in Australia.
A property developer is aptly, therefore, an entrepreneur who adds value to property or land.
Here are four big things we can learn from him:
However, these principles weren’t only what Byron learned from Triguboff. In fact, he discovered what he calls the ‘one simple formula’ that Triguboff used to achieve success in the real estate market.
From starting with a deposit of only $14,000 on a house to reaping a massive multimillion-dollar real estate portfolio eight years later, Byron has proven that the system he modelled from Triguboff is the real deal.
Here are Jason’s 12 stages of development that make up the system behind Triguboff’s success.
When Jason and his wife, Amy, realised that their work should not simply be about cash flow, they weighed the option of venturing into property development. Naturally, fear was there.
On an additional note: In Nhan Nguyen’s case, particularly, his mindset led him to develop one of the most effective ways ‘to find property bargains with very little work’.
And he now offers to share his strategy in great detail in a specialised training hosted by none other than himself. The best part? The training is FREE!
(Interested? Check out his ridiculously advantageous offer: Free Property Investing Training!)
It’s all about looking into the details—the statistics and the trends—and as Harry Triguboff says, ‘Always understand what people want!’
They met the necessary people and did the work.
In my experience, before I applied Jason’s tips for this stage, the biggest struggle I had in the past was finding tradesmen with a ‘Proven Track Record’ or PTR (those who are reliable and can do the work at reasonable prices).
Jason’s tip has certainly enabled me to work remotely with tradesmen and to manage a property development project from home.
Having your own dream team—or dream teams, for that matter—is evidently worth the investment in your time and effort in building relationships in property development.
Then he deals with the three biggest variables in development framed in these questions:
Founder of Urban DC Danny Ciarma actually had the life-changing a-ha moment concerning the importance of financial feasibility in property development.
So, by coming up with a good feasibility for your property development projects, you are one step closer to moving onto the next stage of development efficiently.
Now, before we move onto the next stage, let me share with you another excellent resource that Nhan Nguyen is offering—and that is his free property webinar!
He divulges his ‘subdivision secrets’ in his 3 Subdivision Strategies property webinar, wherein you can expect to:
And, yes, the choice is yours.
This stage is definitely one of the most impactful ones in property development. In fact, property developer and real estate investor Rod Pascoe recognised that fact.
(This choice would be a fast approach and generate a good profit.)
(This alternative would achieve a higher profit. However, this option would be a bit riskier due to the extended time frame it would entail to build and get further DA approval.)
They worked out the details in the meeting, noted down the possible objections and established the best solution that the council would most likely support.
To give you a bonus on how to decide on the RIGHT development strategy for you, check out Nhan Nguyen’s free sample chapter on this topic!
Don’t miss out on this awesome find: FREE Sample Chapter
As his method in property development is to break down the big picture and address the individual parts within his process until he arrives at the finished product, he oversees the finances with a keen and disciplined approach.
But with the combination of taking the best steps and collaborating with the right people in addressing the financial aspect of the business, you can keep up with the needs of this stage and move on to the next one.
He has perpetually built his wealth not necessarily from selling his properties but by investing in property through efficient project marketing.
Sam Elbanna strongly upholds that successes or failure in marketing happen at the beginning and not at the end of any project—that is why, from the very start, you need to have a plan with marketing done correctly and properties priced correctly.
In order to get the formal certificate for approval for you and your team to start building, you must be organised in managing your consultants—architect and engineers included. That will help pave the way for a seamless start to construction.
It’s like holding a deck of cards in your hands, making sure you are aware of what’s there.
All the previous stages have led to this one. Specifically, the construction process starts with finding a reliable and trustworthy builder or the actual person who will be in charge of running the construction.
So, Jason determines the final details like:
In fact, Danny Ciarma shares that he particularly enjoys seeing how potential purchasers come along and fall in love with the vision he put on paper—a vision that has been made into a finished structure right before their very eyes.
He assessed which was ideal for that specific project—Joint Ventures, Vendor Finance, or Capital Raising, among others. Then once he had looked at it, he chose one that would best fit the project, thus yielding a win-win situation for him and his clients.
And more than that, perhaps, YOU actually dream of chartering your way in property development, aspiring to be like Harry Triguboff and reaching success along the way.
Just click here and learn how to make big profits from small developments.