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How To Be A Property Developer (Case Study: Property Development Australia)
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- čas přidán 22. 06. 2020
- Discover what it takes to BANK $260k as a Property Developer in a real-life 'no BS' Australian Property Development Case Study. No Upsells, No Courses, No Services, 100% Genuine Content. 🔔 SUBSCRIBE: bit.ly/2ABxWz1
📞 CONTACT: kentcliffe.com.au
I've just completed and sold my 3x lot subdivision JV in under 12 months. The ungeared margin on development is close to 40% - this is almost double an acceptable development return and without flexing too hard - pretty good in the Perth market.
Now instead of telling you how easy it is to be a property developer, and then glossing over the details followed by an upsell on a course, I am going to go through the property development basics, which includes:
* How I found the development site
* What the property development feasibility looked like at the start
* Every developer knows numbers do change, so I'll cover the final numbers
* How I structured the joint venture for development financing.
* Most importantly, the mistakes that I learnt from
Finding a site is not easy, and it first starts with sourcing the development. I like to look for developments that other property developers or selling agents overlook. This is through seeking out exceptions to the planning rules.
Once identified this site in Perth, Western Australia stood out because it had a wide frontage, little-to-nil value in the house, the topography and location of the development site minimise site works, and the seller was keen to sell the property.
The initial plans were to build 4x villas, but this changed into 3x street-front green titles lots. Over the term of the project, I was able to revise up the development financials, despite the tough market conditions in Bassendean, Australia.
The joint venture structure for the property development deal was 60/40 in favour of my funder. This got me across the line on financing the property development.
In being a 'How to Be a Property Developer', I have learnt a range of mistakes myself. On this project, it included the joint venture as I left money on the table, public open space contributions by the council and retention of trees on the development site.
Have more questions? Contact me here: www.kentcliffe.com.au
#1 mistake - stop asking to subscribe... people will subscribe if they want to. Super awesome... great information.... ruined by begging.
Appreciate the constructive feedback, hopefully my subtle sarcasm (with a little begging) wasn't missed. You should have seen the first edit, I asked for subscribers atleast another 4x times 😜
Agree fully. Or just say it helps you out. Love this channel. Should have 500k subscribers. Can't wait to hear your ideas on the post covid Perth property world!
Do you say that to everyone who does it in their videos? You'd have long days.
Thanks so much for making this video, plus for having the integrity to want to share your experience without the notion of wanting to profit from those of us wanting to learn. Looking forward to learning more as I go though my PD journey as I take it from a side hustle to my income replacement and beyond. 👍🏻
Enjoy the journey, lots of fun but even more hard work!
Kent Cliffe most people just look at the $$$. I’m a construction project manager; I love and need to do the work! The $$$ is the bonus!
I heard you say I was too afraid to subscribe but I said to myself, “No way bro, I not afraid”. I subscribed. See, I’m a big boy now.
My mistake is I found your channel just now. Great video
Second best time to find it is now
watched one of your clips. you said I won't subscribe, I hesitated then you insisted. then i subscribed. thank you
Facebook group Property Investors Australia. Thanks for posting your video on there. Subscribing now.
Welcome aboard! The videos do take a lot of time so share the word, because you'll help others make smart property decisions (ultimately you're the smart one for finding the channel first 😉).
Extremely informative. Thank you so much for going out of your way to share this priceless content!
Loved this video. Thank you so much for this valuable information Kent :)
Thanks👍
Thanks Kent. Looking forward to going through your videos!
Great insight, looking to get into property development. Very helpful
Thanks Jacob, great to hear it was good to watch
That Pos is a pain. They have that too in Gosnells. By d way, your videos are gold mine. Thanks. Keep up the great work.
Yep, you get hit with a few contributions in Gossy. It's always scared me a way from considering a project there.
is there a course you would suggest to kick start a career in property development?
Can you make you spreadsheets available
So happy i found your CZcams channel. This is like the MeetKevin youtube channel except Australian edition hahaha.
Thanks for this video. Alot of great value and i love how you shared your numbers. Im in Brisbane and want to do this and its pretty scary. If i do end up doing this, if i do end up doing this. it will be partly thanks to you for giving me the confidence through your videos.
Thanks Legend,
ohh forgot to say without the course as well ahha
To be honest, i wouldnt mind buying a course from you. This is my first video watching. ill check out your other videos.
Excellent video, Kent! Thank you!
Do you think a struggling market makes it easier or harder to achieve higher returns of developments compared to a booming market?
Thanks for the vid Kent!
As always, appreciate the support and share to anyone it will help 👍
Really enjoyed your video. Very insightful for an up and commer. How do you go about connecting with private lenders like the one you used for this deal?
Really enjoyed that mate 👍🏼
Thanks, I have a few projects finishing, so I'll continue to drop more soon 👍
Awesome video again Kent! How much would you charge a client to find them a development site as a buyers agent? Also, as a rough figure, how much GST was payable in this case study? Keep this content coming Kent loving it!
Great to hear you love the content. These videos do take a LOT of work, so get the word out because more people can gain detailed info.
I've retired from being a fee-for-service buyers agent, as my focus is on development/JV (with the right people). Most buyers agents charge anywhere from $15k - $40k to source profitable development sites. To be honest, this is not enough as genuinely GOOD DEALS are as rare as hen's teeth in Perth. I'm happy to point you in the direction of good operators in each state - just flick me a message on LinkedIn.
GST was in the feasibility - it would be about $35k less credits on the Margin Scheme.
Genuine Video. Thanks Bro. What do you think about Sydney ?
Super hot! Watch out because the market is crazy 🔥😲
Great content.. thanx for sharing..🙏🏻🙏🏻🙏🏻
Thanks! Pay the knowledge forward and pass on my content to anyone who needs it 👍
Do you think having a builders license or a owner builders licence would benefit me if I were to get into development ?
It can, but don't confuse building margin with development margin. Also, banks make funding more tricky...
Thanks Kent,
You have helped another noob today lol
I subscribed :)
Great to hear, we all started as noobs!
This video is a Gem for beginners! #subscribed
Ok you got me - I subscribed!
Excellent information Thank you
Thanks, very nice case study! Will banks loan based on the land value for such short term projects or don't they bother? Anything around 75% ltv would be great. Giving up 15% apr interest or profit share to a (capital) partner is eating into your profits heavily
What a great video.. just subscribed you in seconds..
Welcome aboard!
Any chance you could share your Excel Worksheet Template?
Found it in your other video! Thanks
No worries, just about to say that 👍
@@KentCliffe I’ve tried to condense your whole channel into one afternoon/evening. So much quality information, you should write a book.
Yeah, it's something I have considered. Even more detailed video content...
@@KentCliffe I’d pay good money for it mate. I’m sure I’m not alone...
What an epic channel
thanks!
No worries 👍
Awesome!
Cheers!
great vid dude but chill with the sub requests.. it gets annoying
You forgot to say about capital gains
Why, annoyingly, beg for subscribers, then stop uploading videos?
I really enjoy the content
Good video! Learnt a lot!
But the subscribe part was a bit annoying and bot very entertaining. Perhaps shift it to using manners to ask for subscribers?
hahahahah Kent you Legend
👍👍👍👍👍👍👍
❤️
Really mate? Deleted my comments because I was calling out the sins of your profession? Poor form pal.
No, I didn't delete your comment. All the effort I put in explaining an alternative is lost. Other CZcamsrs can report comments, and censorship is something I don't support. This is regardless of how different my opinion is to yours. In fact, I see common ground with unsustainable population growth being the root problem.
@@KentCliffe Ok man, my bad. Just build a house next time, u will still make great profit and the turn around is a lot quicker. I'm a carpenter I know the dick arounds even with assembly line units.
Your asking people to subscribe is particularly annoying. I won't be subscribing for that reason
Lucky only people with a sense of humour are allowed 😉😂
*How to be a scumbag
Hey Kent, just watched this video. Great content! I am looking for JV partners