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Finding a niche in a market can really help you focus on delivering something special for your buyers. Byron Sakha discovered a unique property development niche and he is delivering some beautiful projects to service a growing market.

He has gone from playing henchman and tough guy, to property developer and master coach, so he has many strings to his bow. I think you will enjoy the conversation that we have.

Before I get to that, here’s what I have been up to lately. I have been responding to the many enquiries that are coming in about the property developer training course that I mentioned in the last show, so thank you to all those people who are keen to know more.

Learning how to develop property

If you are interested in learning how to develop property then drop me an email justin@propertydeveloperpodcast.com and I can send you some further information.

And just before we move into today’s guest, I would love to do a podcast with someone who has had some tough times as a developer to hear what they learned and what they would do differently, maybe they’ve had troubles finishing projects, or maybe they went bust, hopefully they have bounced back and have some good lessons to share. So if you know of someone who might be willing to be a guest on the show please drop me an email and let me know.

Okay, on to today’s guest, a friend of mine from Sydney, Byron Sakha. Byron has an interesting story to share about how he got into property developing and what he has learnt along the way. Byron started off his developing journey at a big corporate, before branching out on his own. This ended up being quite a long conversation, as there are many interesting sides to Byron’s life, so I have broken it into two parts.

In this part we talk about how attitude can really get you places, the importance of your feasibility and how long term, strategic thinking can help you see things on the way not in the way.

In part two we take a deeper look at how you can be strategic in your planning and thinking.

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

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.

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Lessons for real estate developers

Okay, that’s the end of part 1 of my chat with Byron. I hope you enjoyed it as much as me. I think Byron has quite an interesting take on life and developing. Here are three things that stood out for me from our conversation so far.

1. Attitude can get you places in property development

As Byron said, he got his first opportunity with Multiplex because he was keen and showed great attitude. He didn’t complain about his entry level position and got on with the job. He demonstrated persistence and perseverance and it got him a start. The lesson for me was about being prepared to do whatever it takes to get the job done, and not searching for excuses.

2. Be as clear as possible with pricing in your property development feasibility

Byron raised the very good points about being careful with your numbers to help reduce the provisional sums in your construction contract, maintain control over the scope of works, and being clear about the materials and finishes you want. As he said, being clear on all this at the start will avoid arguments and disagreements later by eliminating the age old problem of assumptions!

3. Long term thinking can help you see things on the way not in the way

This is one of my favourite sayings. Everything happens for a reason, and I find, if I have a big enough vision and a strong purpose, then I don’t let things stop me from pushing forward. Yes I can get frustrated with things taking longer than I want, or not going exactly to plan, but I deal with it and move on, because I have bigger things I want to get done. Anyone that has ever done anything significant, has experienced big challenges along the way, but they pushed ahead regardless.

Alright, that’s my wrap of part 1 of my discussion with Byron Sakha, in the next episode we will finish off the conversation and pick up talking about the power of having a vision, and some quite detailed tips and ideas on how you can craft your own strategic plan to ensure your success as a property developer.

If you enjoyed that conversation with Byron, then take a listen to episode 18 where I speak with property developer Brendon Ansell who arrived in Australia with $50 to his name and now runs a publicly listed development company… https://propertydeveloperpodcast.com/2016/07/14/from-fifty-bucks-to-130-million-in-property-development-projects/

Don’t forget to drop me an email if you are interested in learning how to develop property, you can find me at justin@propertydeveloperpodcast.com

And if you get bored next time you are at work or delayed commuting somewhere, why not leave a comment on iTunes about the show, if you do I’ll be your BFF!!

Links

Byron Sakha – https://www.byronsakha.com