Any one have advice on how to become a part time property developer

Hi Johann,

Congratulations on your first property investment. I have been a developer and investor for 27 years and done properly, property development can be very rewarding.

Property development requires knowledge, time and money although it's not absolutely necessary that you have all three. For example you might have knowledge and time but might need to partner with someone who has the money but not the knowledge and time.

Undertaking your first property development incurs more risks than acquiring your first property investment but the rewards can be much greater. Investors who become developers usually do so so they can obtain investments at absolute developer's cost, instead of paying retail price like most investors. Developing your own investments can be a great way to build a sizable property investment portfolio much quicker than paying retail price.

Knowledge and experience can be the most elusive element to obtain and this is where you need to leverage off knowledgable and successful developers. Firstly I suggest you read any literature on property development you can get your hands on. There are a few Australian books written on property development including one I have written. The Australian Property Investor magazine is currently running a series of twelve articles on becoming a small property developer commencing with the September issue.

Next I would recommend you invest in attending a property development workshop where you can obtain direct, hands on knowledge of property development. Lastly you should seek an advisor or mentor to 'hold your hand'  through your first one or two developments.    

Feel free to check out my website http://www.propertystrategies.net . As a budding developer you might find it interesting.

Hello Johann,

From time to time (about twice a year) Steve McKnight organises a property develoeprs workshop/seminar in Adelaide. the seminar/workshop is conducted by Martin Ayles who is a successful developer specialising in affordable housing. You could make an enquiry thru PI.com to find out when your next opportunity is to attend this.