Property Developer Podcast

Join developer Geoff Wood as he shares his journey of developing property over the last 15 years.  Geoff has a really interesting developing background, having done a few dual occs, multi-units, apartments, and some commercial developments. Geoff has a engineering and finance background so he brings an interesting lens to the development process. Geoff outlines some […]

Join developer Geoff Wood as he shares his journey of developing property over the last 15 years.  Geoff has a really interesting developing background, having done a few dual occs, multi-units, apartments, and some commercial developments. Geoff has a engineering and finance background so he brings an interesting lens to the development process.

Geoff outlines some of the key questions he likes to ask his builder before he engages them on a project. Some of them might surprise you and they will help ensure your builder is the right person for the job. He also provides some tips on how to structure your finances for maximum opportunity with lenders.

Please head over to iTunes and leave us a rating if you enjoyed the show, or leave a comment below.

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…

Social Connection

Check out Facebook [https://www.facebook.com/propertydeveloperpodcast] and Insta [https://www.instagram.com/property_developer_podcast/] for my latest project updates and other development related news.

Property developer John Marquez shares with us how he has progressed from doing renovations where he did most of the work himself to partnering up and now controlling two 10-unit development sites.

John shares the one thing he learnt that changed his approach to developing.

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…

Social Connection

Check out Facebook [https://www.facebook.com/propertydeveloperpodcast] and Insta [https://www.instagram.com/property_developer_podcast/] for my latest project updates and other development related news.

In the first episode of the Property Developer Podcast, the show’s host Justin Gehde shares why he set up the podcast, discusses his townhouse development and outlines what you can expect from future shows.

A little background

I’ve been involved with property developing for about three years, which is not really that long although it feels longer, and I am currently working on a 20 townhouse development in the outer eastern suburbs of Melbourne.

We are about to start construction in the next few weeks. Funnily enough this is my first development, and the purchase of the site was my first real estate transaction.

How did I get here? Well it’s a long story with a few twists and turns, but what developing story doesn’t have twists and turns, right?

My background is actually in corporate communication, so working with large organisations to help them communicate more effectively with their staff and other interested groups. I did that for about 15 years.

About five years ago I decided I needed to take greater control of my future and I started thinking about what I would like to do, and after a lot of reflection, I realised that I loved property. But I didn’t want to buy an investment property and sit on it, waiting for it to grow in value over 10 years, I wanted something where I could accelerate things.

Then one day I was listening to a podcast and heard a guy talking about property developing, and it sounded really interesting, and I thought ‘that’s it’. So I got in contact with the guy on the show who had done a few developments and joined his mentoring program. And so started a very interesting developing journey for me.

The great part about the program was that it taught you how to follow a process to deliver a development. And importantly taught by someone that was actually doing it themselves. Better still the program was based on you doing all the work and learning how to find out all the information you needed, so that you could be self sufficient, and continue to deliver developments for as long as you wanted to. So basically, the teaching a man to fish philosophy.

My first potential development site failed

I was originally looking for a site in the suburbs around the south east of Melbourne, which was closer to where I live, and zeroed in on the suburb of Frankston. At the time property values in the area were more in my budget, and I was looking for a site to do a 4-unit development.

I eventually found a nice block that was just over 1000sqm and secured the site with a due diligence clause, paid a bit more than I wanted to, but I thought I could get six small units on the site, similar to a block a few doors down.

So I set to work during the due diligence phase to ensure everything stacked up, and had a local drafty develop some plans for me. Unfortunately, the design the drafty came up with of six double storey units was too expensive to build for what I could resell them for, so I decided to pull out of the deal.

I then reassessed the area that I should be looking in and decided that the outer eastern suburbs of Melbourne would be a good place to target. And when I started looking at blocks big enough for a 4 unit development, at around the $400k mark, I noticed that if you spent another $100-150k you could get a bigger block that could fit 6 units on.

Development success

However,

Property developer John Marquez shares with us how he has progressed from doing renovations where he did most of the work himself to partnering up and now controlling two 10-unit development sites. John shares the one thing he learnt that changed his approach to developing.

In the first episode of the Property Developer Podcast, the show’s host Justin Gehde shares why he set up the podcast, discusses his townhouse development and outlines what you can expect from future shows. A little background I’ve been involved with property developing for about three years, which is not really that long although it […]