Partnering up with somebody to do a property development project is not uncommon but would you do it with your sibling and take on some big towers? But before we get to that, here’s a quick update on my townhouse projects.

Construction is moving along nicely with project 1, most of the site is at lock up stage, which is good. Actually had a meeting with a council enforcement officer last week to discuss noise complaints from a neighbor but fortunately we were compliant with our obligations so no action will be taken against us. Been spending this week working through the usual build ability issues that pop up on site.

On my other project, we are trying to finalize all the documentation and supporting materials to go back into council for endorsement and the building permit. It seems we are getting approval for the shorter crossover alignment, which has taken nearly 12 months to resolve. I’ve also booked in the demolition of the existing house. Still a lot to do on this project with getting funding finalized and construction started.

Episode Guests

Today’s guests are brothers Fayad and Remon Fayad from Ellerson Property in Sydney. Based in Parramatta, in Sydney’s west, Fayad and Remon have between them 40 years of experience in property. Having grown up in a family of builders, the boys have joined forces to deliver a range of project in the residential, retail and commercial sectors.

In this chat, we discuss why they decided to team up, their focus on understanding the customer journey and what they learnt from the pullback of bank funding. Keep an ear out for the discussion around running design competitions.

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...

Become a Million Dollar Property Developer

Grab my book Become a Million Dollar Property Developer about my journey into property development. This book is ideal for anyone who intends to get into small-scale property development and wants an insider’s guide to successfully obtaining wealth, fulfilment, and glory.

In this book, Justin will share how he succeeded in delivering a 20-townhouse project on his first property development project and what he learned along the way.

Many people have a dream of becoming a property developer. They aspire to build properties, grow portfolios, and amass great wealth. However, many people often struggle with making the leap into property development.

This book has the answers for how you can make the leap into property development. Grab your copy now.

Socials

If you would like to see how my projects are progressing, check out the video updates on the show’s Facebook [https://www.facebook.com/propertydeveloperpodcast] and Instagram feeds [https://www.instagram.com/property_developer_podcast/], they are both under the handle of Property Developer Podcast, so take a look at how things are going.

If you are interested in getting into property development, head over to www.propertydevelopertraining.com and take the quick quiz to see how ready you might be to get started, or if you would like to get some mentoring, email me [email protected] and I will send you some info on the program that is available to guide you through the property development process.

Links

Ellerson Property - https://ellersonproperty.com.au

Transcription

Well we're here today to talk about property developing and the two of you have been involved in property development and you've partnered up and set up your own developing company but give us a bit of a background of yourselves and how you got into developing and what you're up to. I've been in property for 20 years now straight out of school I was lucky enough to be involved in a family business at the outset predominantly construction, so construction background, getting buildings up more of the hands on and then more recently involved in property development side of the business acquisition funding and project marketing. And then up until recently found that that's probably my cup of tea and teamed up with Remon to start this new venture and Ellerson. So yeah. And what about you remind me? I guess it's it's in our blood. So we're we're in development since we're since we're born. Great grandfather was in construction back in Lebanon. Grandfather started the original business here when he moved over early, early mid sixties. And then yeah just I mean our whole life it's been property so go on family barbecues going a family is just always property of the uncles and cousins, everyone involved in it. So there was really not as no escape but it's always in use genius naturally it's involved and you're like fade straight from school, went into the construction side and and started from there and then how did you get into doing projects again? Yeah. Just from starting from starting for construction on site, seeing how it all unfolded. Obviously learning from our father who was has been, who guided us and was our role model just just learning from him and yeah, Ellerson now gives us an opportunity to start our official first development together. There was developments that we were doing under the family umbrella together. But this is our real coming alive, we're coming out now doing our first one together. It's one in Parramatta which is our Heartland. So it's an exciting ones built to run win. So one that we will always keep, so I'll always have better sentimental value to build to rent. Products are first one and one that will always keep within the business and fired. What sort of projects were you doing along the way with a Townhouse projects? Apartment projects, what we're cutting your teeth on straight out of school? I was laboring on apartment projects. My first foray as a site foreman was actually 14 town houses in carling furred. So my first project under my my I guess guidance or leadership were town houses after that. More multi density, so multi dwelling sort of apartments, townhouses, duplexes, villas, so that that sort of space more recently focused on apartments, medi density, high density. that's where we are at the moment. Yeah. And what about you Remon? What sort of projects were you cutting your teeth on? I've got a bit more of an interesting background. When I started construction straight out of school, I went to the construction site, obviously just thinking it was going to be a part of me and following in fade footsteps following my dad's footsteps. Probably about a month after, after HSC went on site about a month into it. I was on a Townhouse site as well, probably about 25, 25 townhouses and during the course in Taft during the, the building costs and just came home one day and pulled them aside and said, I don't know how to tell you this, but I don't like construction. So I always went to mom first. She was always a soft loan you can talk to, always be worried about what dad's gonna think. So. And she said, what are you worried for? So then I had to go through it all and mentioned it to dad and dad was like, yeah, it's no big deal is like, oh, it's a bit easier than I thought. So he said, yeah, go out and do whatever you want. I think in the back of his mind, he always knew I would eventually come back and it's what I did. So yeah I left the company for a bit and what often got into sports management. So managing football players and managing sports players. Which yeah I was always into sport, growing up rugby league, soccer, swimming, basketball the whole lot. So I always had that idea in my mind. But again dad was right after about and about a year yeah I came back to him and said ok yeah can you find me another job? So then he put me in the office and so it wasn't so much the construction side of it, it was more the development side so acquisition planning sales of that kind of which has been a good balance for fate and the fate of myself, it was always a construction I and I was a bit more development. So it worked out well in the end now we're seeing all of it together but he's always got that extra I'll construction and from the development of planning side it's that's probably my stronger point and fired. How come you decided that you would team up? We worked together hand in hand in the business, predominantly roman looked after the functions of, as you just mentioned, acquisition planning and where's my strengths were in construction and delivery. We were prepared previously and we just decided to continue. I guess it was it was a natural, was a natural connection just an extension or a new chapter of of what we were and what we were doing best previously. So yeah, I think taking nothing away from what the old generation did. It was just, it was just about the experience with the knowledge, we had the support of family to do it. And I think it was, it was just the right time. It was just we were doing our own thing, was starting to do a bit by bit, but now we wanted to officially make it our own company and start our own, start our own thing. So to be fair to say that the projects that you're working on previously within the your dad's business was around delivering projects for other clients, will be doing a mix of your own stuff plus for clients. Yeah, but in the last 10 years, 10-15 years was a lot of our stuff.