Hello everyone!
I've been thinking about trying myself in property development for quite some time now. In the meantime I've been educating myself with all available information on property development, finance, marketing, etc.
I think I may soon decide to move from theory to practice and start my first development project. As most people recommend and I understand it that I need to start with something quite small (e.g. subdivision of a lot with existing house with following construction of a new house).
Could you please suggest types of development projects for a newbie? All suggestions are welcome.
P.S. As for the location I'm thinking western Sydney as it's a bit more affordable and growing area.
Thanks!
I've been thinking about trying myself in property development for quite some time now. In the meantime I've been educating myself with all available information on property development, finance, marketing, etc.
I think I may soon decide to move from theory to practice and start my first development project. As most people recommend and I understand it that I need to start with something quite small (e.g. subdivision of a lot with existing house with following construction of a new house).
Could you please suggest types of development projects for a newbie? All suggestions are welcome.
P.S. As for the location I'm thinking western Sydney as it's a bit more affordable and growing area.
Thanks!