Aug 24, 2020
Have you ever thought of getting involved in property development?
That’s what I’m going to talk about today with Bryce Yardney, director of Metropole Projects.
We’re seeing more and more people interested in property development because, in times of flatter capital growth, you’re looking to manufacture capital growth.
Today we’re going to talk about some of the risks involved in property development.
Property development involves a wide range of activities and processes and in order to be successful, you’ll need to know about the market, the property, economics, finance, town planning, construction, and even marketing.
It’s difficult, but if you have a good team around you and you have the finance to do it, property development is a great way to build your assets and buy your next investment at wholesale.
Hopefully, today’s show will give you some insight into whether property development is for you, now or sometime in the future.
Some of the common risks of property development that we discuss:
Links and Resources:
Metropole’s Strategic Property Plan – to help both beginning and experienced investors
Shownotes plus more here: Is getting started in property development right for you with Bryce Yardney
Some of our favourite quotes from the show:
“In my mind, one of the biggest risks in development is actually the developer: you, the person listening to this.” – Michael Yardney
“Once you get it and it works, and you’re manufacturing equity and you’re getting good cash flow, it actually can almost be a self-perpetuating machine.” – Michael Yardney
“Enjoy the journey, because if you don’t enjoy the journey, you’re not going to appreciate the destination when you get there.” – Michael Yardney
PLEASE LEAVE US A REVIEW
Reviews are hugely important to me because they help new people discover this podcast. If you enjoyed listening to this episode, please leave a review on iTunes - it's your way of passing the message forward to others and saying thank you to me. Here's how