[Podcast] How to become a Property Developer | Bryce Yardney

Are you interested in getting into property development? If so, the insights in today’s episode can help you on your journey.

And even if you’re not planning on getting into property development yourself, you can still learn a lot about property selection and how the mind of a successful property developer works by listening to the interview in today’s episode. My Podcast 90 How Become Property Developer

In this special bonus episode, you’ll hear Dan Gold of Long Property interview my son, Bryce Yardney.

Bryce has been overseeing and the property development arm at Metropole for many years.

This interview will provide some interesting and useful insights into how successful property development works.

Highlights from Dan Gold’s Interview with Bryce Yardney

  • How Bryce got into property development
  • How the property development division of Metropole works construction repair maintenance
  • What Bryce would recommend for an entry-level property development
  • Why the overarching strategy is buy, develop, and hold, rather than buy, develop, and sell quickly
  • Why Bryce focuses on capital growth
  • How Bryce finds a good property for development
  • Why you need a development-friendly council
  • Types of financial metrics people should be focused on when they do due diligence on a potential investment site
  • How to size up a good deal versus an average deal
  • Holding costs through the development period
  • Tips for people who are considering a substantial renovation or development project
  • What happens after a successful development project

Links and Resources:

Michael Yardney

Metropole Property Strategists

Bryce Yardney   Metropole

Dan Gold – Long Property

Metropole’s Property Development Services

Organise a Strategic Property Plan with the team at Metropole

Some of our favourite quotes from the show:

”I got involved in property development in the 1980s, and I made lots and lots of mistakes, but a rising market carried me through. If you make those mistakes in today’s current flatter market, you’re going to get yourself into real financial trouble.” – Michael Yardney 41378319_l

“Getting through is the hard bit – you’ve got to have the financial buffers, but once you get to the end, it’s surprisingly easy to hold onto the completed development. And then, you profit from the strong cash flow and capital growth over the long term.” –Bryce Yardney

“The more inexperienced you are, the more unsure you are, the bigger contingency you have to allow the bigger the risk margin you have to allow, because you’ve got to assume you’re wrong.” – Bryce 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.

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Michael Yardney

About

Michael is a director of Metropole Property Strategists who help their clients grow, protect and pass on their wealth through independent, unbiased property advice and advocacy. He's once again been voted Australia's leading property investment adviser and his opinions are regularly featured in the media. Visit Metropole.com.au


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