Sam owns a successful renovation business employing around 20 people, and was looking to step back form his business a bit and get into property development.
He found the Infill Property Developer E-book on our website in January 2020 and bought it.
Keen to continue learning all he could before he started, he and his business partner Ron enrolled in a full-day subdivision training workshop. By the end of the course, they had a much better understanding of where, why and how to develop properly. They then started working with us to get ready for a project acquisition.
This meant assistance with finance, tax planning and strategy discussion about their goals, budget, and the assembly of an acquisition brief. With the assistance of buyer’s agents in our real estate agent network, we looked at, and ran the numbers on 4 off market sites. In late June, we found a property that was the right fit for them, being a 3-townhouse development site in Leederville. The site was off market, so dealing with the owner allowed us time to negotiate terms, price and work out the best design solution with feasibility studies before committing to the project.