Discover what it takes to BANK $260k as a Property Developer in a reallife 'no BS' Australian Property Development Case Study. No Upsells, No Courses, No Services, 100% Genuine Content. SUBSCRIBE: https://bit.ly/2ABxWz1

CONTACT: https://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, littletonil 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 streetfront 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.