Hi,
I am a new starter when it comes to property development, but am keen to dip my toes in the water to see what it is like.
As a first development, I am looking for something that is relatively low risk, mainly with a view to getting some experience in dealing with builders / council / real estate agents / architects etc…. The development need not necessarily return a huge profit – the main purpose being to get experience with relatively low risk.
Can anyone recommend a type of development to start off with that would meet this criteria?
Also – has anyone used a property development management company to help them with a development? Is it money wisely spent?
Appreciate any suggestions.
Dan
Hi Dan,
I am also a keen on getting into the development market and have had the same queries that you have.
I recently enrolled on a Property Development Homestudy Course and its very useful. It takes you through all the basics of property development.I understand the safest ones are either duplexes or townhouses and they're relatively low risk. I have also been advised to find sites that have a DA as they're slightly easier to get started.
Hope this helps.
Mubz
I am selling a dual occ approved property at Safety Beach, ie plans and permits stamped and ready to go, for a 3 br, 2 bath unit.
The front house remains and needs a little refurbishment but is basically very solid, currently tenanted.
The intent was to develop and move in ourselves, but current work commitments forced a change of plans.
100 m to beach and just about next to marina.
Please contact me if interested for more details/photos.
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