Dear friends,

My plan in 2006 is to put out a quarterly newsletter, and this is the first one!

It details my upcoming Property Development Workshops, as well as giving you a nice little freebie - a reprint from part of a chapter on Yours Truly in a newly published book. You’ve got the opportunity to grab yourself a copy if you act fast (see below).

And lastly, I’ve launched 2006 with a dramatically improved Property Development Checklist, which you will probably already have seen before. You’ll be pleased to know I’ve gone back through it with a fine-tooth comb and even called in a senior project manager to add some further polish.

Click here for the NEW checklist:

Now, back to the newsletter…

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Property Development Workshops Announced for 2006My one-day Property Development Workshops were a big hit in 2005, and we’ve scheduled the calendar for 2006, including (wait for it…) in Sydney! Yes, thanks for your patience, Sydney-siders. We’re coming to you again.Here are our workshop dates for 2006:

Melbourne Saturday 4th March (details)

Brisbane Saturday 27th May (details)

Melbourne Saturday 22nd July (details)

Sydney Saturday 19th August (details)

Melbourne Saturday 18th November (details)

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My Top Seven Tips to Success in Property DevelopmentThese seven points were part of an interview that became the basis of my chapter in the new book ‘Secrets of Property Millionaires Exposed‘.My chapter is the last in the book, which also includes some very revealing chapters by other property experts you may have heard of, including Hans Jakobi, Rick Otton, John Fitzgerald, and Dymphna Boholt. I’m happy to rush you out a copy of this brand new book for the low price of $28.00 (inc. GST, inc. P/H), but since I’m not in the book business I’ve only got a limited supply. Of course, it’s also available on the bookstand, but not at this price.To order the book, click here for an order form.
But back to my top seven tips to success as a property developer:

1. Have realistic goals about what you want to accomplish. It is far better to build wealth slowly and keep it, than to try to build it too fast and lose it overnight.
2. Always maintain your integrity and focus on building strong relationships with everyone you meet. In the same way as you will want to see a builder’s history of projects, an investor or joint venture partner will want to see yours.
3. Find a good personal mentor that has vast experience in development and a genuine desire to see you succeed. Once you have found such a person be willing to accept their feedback because sometimes it is a mentor’s job to tell you what you don’t want to hear. The more knowledge of the development process you can acquire, the better you manage your risk.
4. Focus on gathering the best possible team around you. This will take time and effort, but it is well worth it. If you find the right people to have in your team, the time taken to get approval and to work through issues will be reduced and you will be able to get your projects completed quicker, so the profit will be greater. In addition, I’ve also discovered that it’s one thing to build a team but it’s another thing to keep the team together. Always look at creative ways to reward the people you work with.
5. Do the numbers, do the numbers, do the numbers. You need to know the benefits for each party involved and the exact profit before you begin. You also need to be crystal clear about what you are looking for, as it will help you quickly and accurately identify development opportunities.
6. When building your own projects, retain as many of the properties as you can. As a developer you have the privilege of building your portfolio at genuine wholesale prices. Think long term rather than getting excited about a quick buck.
7. Property development is not for everyone. Don’t think it is a way to cut corners and get to the top quickly. Too many people go into development starry-eyed and get washed up 12 months later. It is a risky business with more than its fair share of challenges, so think long term, think win-win and stay in the race because the rewards are certainly worth it.

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If there is anything you’d dearly love to see me cover in a newsletter why not drop me a line? Post a comment on this blog to share your ideas.Warmly,Peter

Peter Comben
Smart Property Development

www.smartpropertydevelopment.com.au

This entry was posted on Tuesday, February 7th, 2006 at 11:43 am and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.