Introduction
What does it really take to become a property developer—and is it right for you?
In this episode, Hilary and Bob explore the real traits and tendencies that make or break would-be developers. It’s not just about numbers and negotiation—it’s about mindset, resilience, and the ability to take action when others hesitate.
They talk candidly about common pitfalls like procrastination, risk aversion, and analysis paralysis, and why some people should reconsider doing it on their own. They also discuss how to identify when you’re better suited to partner, invest passively, or step aside altogether.
Episode Highlights
[00:00] Bob and Hilary introduce the topic: is property development right for you?
[01:55] What it really takes to be a property developer (beyond money).
[04:10] The difference between investors and developers—and where you might fit.
[07:45] Signs that you might not be suited to development.
[10:20] Common traits of successful developers.
[13:30] How to work out your tolerance for risk and pressure.
[16:05] The learning curve and why education makes the difference.
[19:10] Why some people fail—and how to avoid their mistakes.
[21:50] Development as a tool for building long-term wealth.
[25:00] Final thoughts on how to assess if you’re ready to take the next step.
Episode Details
Introduction
Hilary:
Property development can change lives—but it’s not the right path for everyone. That’s not a scare tactic—it’s just the truth.
Bob:
This episode is about self-awareness. We’ve met hundreds of people who want to get into development, but only some are truly suited for it.
Hilary:
We’re talking today about mindset, risk tolerance, personal drivers, and alternative ways to participate in development if running your own project isn’t the right fit.
Knowing Your Motivation
Bob:
I got into development after a serious accident changed my life. I had to figure out something new—and I did.
Hilary:
Motivation matters. Whether it’s financial independence, family, or freedom—having a reason helps you push through when things get tough.
Bob:
Because it will get tough. Development comes with challenges, and if your “why” isn’t strong, it’s easy to quit.
The Traits of a Developer
Hilary:
Not everyone wants to lead a team, deal with contractors, or handle risk. But successful developers usually have a few things in common: they take action, handle pressure, and can make decisions.
Bob:
They’re also coachable. They’re not afraid to ask questions, get feedback, or pivot when needed.
Hilary:
But if you struggle with procrastination, or you freeze when things aren’t perfect, this might not be the path for you—yet.
Alternatives to Running Your Own Project
Bob:
You don’t have to do it all yourself. Some people invest in joint ventures or syndicates. You can start small, or work with a trusted developer.
Hilary:
It’s not about ego—it’s about results. And for some people, being a financial partner instead of the project lead is the smarter choice.
The Trap of “Edu-tainment”
Hilary:
There’s a lot of hype out there. People selling courses who haven’t done projects. Fancy marketing. Promises of fast wins.
Bob:
It’s dangerous. Education only works when it’s real, grounded, and actionable. And then you have to take that knowledge and use it.
Hilary:
Don’t fall into the trap of constant learning without applying. You can’t build confidence without doing the work.
Wrap-Up
Hilary:
If you’re serious about property development, take time to assess if it aligns with who you are and how you work best. There’s no shame in choosing a different path.
Bob:
And if it is the right path, great. Get support, stay focused, and take your first step. That’s where progress starts.