What advice or where can i find information on becoming a property developer?

watch the discovery home and health, living, travel channels. They have programs on property development. I especially like property ladder. You can learn a lot from these programs. Take notes and use common sense. Get quotes too so you have a realistic figure for doing up a house.





After a few months of constantly watching those programs you should know hella lot more than before... thats the best advice i can think of!

What advice or where can i find information on becoming a property developer?
if you have the land to develop already you need to make sure with the council first the you can divide it. if you can then put in a application to do so.
Reply:Watch out for programs with Sarah Beeny - make a decision when you are developing to not inflict yor tastes onto houses you plan to sell.





Kepp it neutral
Reply:Don't be one you just get into debt if it all goes wrong. Your risking everything but it can go well
Reply:Know the ins and outs of finance, don't expect things to go according to plan, the budget may always change given that its a business. Know how to deal with the various parties, better if you yourself have knowledge of building and renovation work. Understand property auctions and how they work.
Reply:hi try channel 4 website / property it quite good!
Reply:Its either magic or witches, not sure which
Reply:Given the current world situation, and the look of the property market in the US, I would avoid property development completely!





Much of the US is suffering from saturation in the market; in C.A. realtors are closing down their offices as there is such a slowdown in buying and selling; in Boston I know somebody who has developed a block of 16 condos and only 5 have sold and they sold 6 months ago.
Reply:My advice? Don't! By the time the man in the street finds out about things like property developing/speculating on the next hot new overseas property market etc, the experts have already made their money and prices have risen too much.
Reply:Try and look at this website may help, www.propertymentor.co.uk when my partners brother was first doing his business the above heped him, making a packet now in cheltenham, good luck
Reply:Get finance in order, always stick to budget, get help/builders you can trust, get estate agents on your side but don't rely on them, look for outline planning applications at local council, auctions, work your way toward having several on the go at once... always buy the worst property in the best area!





Best of all... find a successful developer, learn from them, write down what they tell you.. because that will be like gold dust.





Don't pay too much interest to the TV programs, they are often out dated and filmed in different market conditions. Anyway, it seems like most of those programs show you how NOT to do it!
Reply:info on becoming a PD


take note of all these existin answers and then go to your banks financial advisor or your accountant if you hav 1and most important a builder ..preferrably a friend.


you need to know the outlay involved and timescales for puttin it back on market and what it could be worth after your outlay to find out if you can afford to tie up your cash for 2 months or 6 or even 12.





TV programs give you an idea but i have yet to see one where the buyer has actually lost money...not an accurate portrayal of PD in...i personally know 2 people who made profit and 1 who lost £25000 mainly because they bought in a shi.te area where no1 wanted to buy .





TV says location location location... this probably right...but i say RESEARCH RESEARCH RESEARCH...and lots of foreward planning...

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