Podcast: Play in new window | Download
Subscribe: RSS | Listen to the Property Developer Podcast
The build to rent model is getting a lot of attention across Australia as the cost of buying property keeps escalating. It seems to offer a lot of benefits but how does it work and what challenges does it present? Let’s find out…
Hello and welcome to episode 69 of the show, I’ve been enjoying a bit more social freedom as we slowly ease up the covid lockdown across Australia.
I’ve also been very busy for the past few weeks, with lots going on with my projects. We’ve started demolition on one of them which is exciting, I posted a short video on the show’s Insta and Facebook pages if you want to check out how it’s going. After years of battling away it has been nice to see some action on site and start seeing the dream become a reality. Still a bit of work to do to get the builder on site for the initial site works so I’ve been busy sorting out some loose ends to ensure we don’t have any delays.
It will be interesting to see what happens with the property market over the next 6 to 12 months with lots of speculation around large stimulus measures for the industry, will be exciting if some of the initiatives get off the ground.
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.
Social Connection
Property Developer Podcast Facebook – https://www.facebook.com/propertydeveloperpodcast
Property Developer Podcast Instagram – https://www.instagram.com/property_developer_podcast/
Property Developer Podcast LinkedIn – https://www.linkedin.com/company/property-developer-podcast
Build to rent model
My guest on the show is Kris Daff. Kris is pursuing a large scale build to rent/sell model and he has an interesting story to share about how is going about it.
There has been a lot of talk about build to rent in Australia, so I was very interested to hear how Kris was approaching the challenge.
During this conversation we cover how Kris started out as an engineer and then morphed into a property developer. How he was looking for a different outcome with his projects and turned to helping people buy their homes through an alternative approach. We also talk about the different challenges that these types of projects present.
Keep an ear out for how the financial feasibility and funding differs from a more traditional build to sell project.
Lessons for real estate developers
What an interesting journey Kris is on. I admire how Kris is trying to do something different and offering people an alternative path into home ownership. I like it. Here are a couple of other things I took out of my chat with Kris…
1. Don’t be afraid to pursue a different property developing path
I enjoyed how Kris wasn’t feeling fulfilled by the standard developing model and wanted to find a deeper connection with his projects and buyers, so he changed course and pursued a different option. So, are you feeling fulfilled with the model you are implementing, could you find a different developing challenge to excite you?
2. As a property developer, how can you make life better for your future buyers?
Further to Kris’ efforts to generate a deeper engagement with buyers, he has explored ways of helping people attain home ownership, looked at how to create communities within projects and make life a little better for the people who live in the buildings. Perhaps there are some additional ways you could improve your projects to make life a little better for the final residents…
3. Can you develop a property developing business model that can scale?
Kris is trying to create a model that will scale, so that he can create more places for people to live in and one day own. Scaling in the property development game always brings challenges, but that’s why you do it, right? So are there ways you can scale what you are doing in an orderly way while improving how you do it?
Alright, if you enjoyed that chat with Kris, then you might want to go back and have a listen to my chat with developers Olivia Christie and Sonya Miller who are running a business that provides consulting services to institutional developers, and they are also in the process of delivering their own development project of a luxury apartment block. There’s lots of great ideas and tips in that conversation so go back to episode 57 and take a listen.
Okay, don’t forget to contact me if you want to find out more about the property developing mentoring program, email Justin@propertydeveloperpodcast.com
And you can catch my site demolition update video on Facebook [https://www.facebook.com/propertydeveloperpodcast] and Insta [https://www.instagram.com/property_developer_podcast/] at Property Developer Podcast, plus lots of other news, views and fun things.
Remember, you can always drop a comment on iTunes if you are enjoying the show.
So, until next time, may you come up with a bold idea to change the world.
Links
Assemble – https://assemblecommunities.com
Demolition video – https://www.facebook.com/propertydeveloperpodcast
