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How To Get Started in Property Development

In this episode of the Property Mastermind Podcast, Hilary Saxton and Bob Andersen discuss what it takes to get started in property development. They cover the key steps, common mistakes, and how to approach your first project with the right mindset and knowledge.

Episode summary

Hilary and Bob explain why mindset is important when starting in property development and how confidence and preparation impact success. Bob shares how he got started and the lessons he learned. They outline the basics—choosing the right first project, understanding financial requirements, and the role of education.

The conversation covers common pitfalls, including taking on projects that are too complex, lack of preparation, and hesitation to start. They also discuss different property development options, from small subdivisions to joint ventures, and what to consider when deciding on a strategy.

They wrap up with advice on learning the process, seeking guidance, and taking the next step. If you’re thinking about property development, this episode provides a clear starting point.

Highlights

  • How to get started in property development  [01:46]
  • Property Development updates  [04:26]
  • The first thing to do to get started with property development  [08:57]
  • The second thing you need when starting property development   [16:14]  
  • Finding what your day looks like  [21:39]
  • Why Bob thinks it’s good to start with a duplex [22:58]
  • If you have experience, should you try something new? [25:43]
  • What about commercial properties? [29:31]
  • What is one thing you would tell someone to watch out for? [33:56]
  • Bob’s parting comment [37:28]

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