21 – Moving from major rental property investor to serious property developer

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 Development Training

If you are interested in learning the fundamentals of property development, in your own time and at your own pace, then be sure to head over to www.propertydevelopertraining.com and take a look. I take you step by step through the development process so you know exactly what is needed to find a site, run a feasibility and complete a small scale property development, be that a duplex or 3 or 4 unit site. The training includes a bonus program called Taking It To The Next Level for people who may want to go into developing full-time, along with another bonus course called Raising Capital which covers how to raise money for your projects.

So head over to propertydevelopertraining.com and take a look... I would love to see you on the inside...

Property Developer Quiz

Keen to find out how ready you might be to become a developer? Then take the Property Developer Quiz (https://www.propertydevelopertraining.com/quiz) and get a sense of where you are at…

Become a Million Dollar Property Developer

...