95 – How your property developing strategy can evolve over time

Settling on a property development strategy can often be an evolutionary process as you learn what works and what you enjoy. That can involve a few twists and turns before you find something effective and repeatable, which is what happened with my latest guest. Anselm Mathurin is a Caribbean based property developer with a terrific story to share about following a dream and learning along the way. Like most property developers, Anselm has faced some challenges in getting his projects out of the ground including having to relocate from his home on another island to be closer to the development site when things started going off track. He shares with us: - how taking effective control of a project can lead to significant savings - how experience shapes how you view potential yields from a site - how targeting a very niche market can be an astute strategy for selling your product. I am sure you will enjoy this chat with Anselm and appreciate how he has adapted and evolved along the way. Property Development Training If you are interested in learning the fundamentals of property development, in your own time and at your own pace, then be sure to head over to www.propertydevelopertraining.com and take a look. I take you step by step through the development process so you know exactly what is needed to find a site, run a feasibility and complete a small scale property development, be that a duplex or 3 or 4 unit site. The training includes a bonus program called Taking It To The Next Level for people who may want to go into developing full-time. So head over to propertydevelopertraining.com and take a look... I would love to see you on the inside... Property Developer Quiz Keen to find out how ready you might be to become a developer? Then take the Property Developer Quiz (https://www.propertydevelopertraining.com/quiz) and get a sense of where you are at… Become a Million Dollar Property Developer Grab my book Become a Million Dollar Property Developer about my journey into property development. This book is ideal for anyone who intends to get into small-scale property development and wants an insider’s guide to successfully obtaining wealth, fulfilment, and glory. In this book, Justin will share how he succeeded in delivering a 20-townhouse project on his first property development project and what he learned along the way. Many people have a dream of becoming a property developer. They aspire to build properties, grow portfolios, and amass great wealth. However, many people often struggle with making the leap into property development. This book has the answers for how you can make the leap into property development. Grab your copy now. Social Connection Property Developer Podcast Facebook – https://www.facebook.com/propertydeveloperpodcast Property Developer Podcast Instagram – https://www.instagram.com/property_developer_podcast/ Property Developer Podcast LinkedIn – https://www.linkedin.com/company/property-developer-podcastLinks Links Calabash Condos - http://calabashcondos.com Episode Summary In this episode, host Justin Gehde speaks with Anselm Mathurin a Caribbean based property developer. Anselm shares his experience and expertise in the property development industry, discussing how property developing strategies can evolve over time and the importance of being adaptable to changes in the market. Top points from the episode: Property developing strategies should be flexible and adaptable to changes in the market. Have a clear understanding of your goals and objectives and develop a strategy that aligns with them. Stay up to date with market trends and changes and adapt your strategy accordingly. Collaboration and building strong relationships with other professionals in the industry is essential. Have a long-term view when developing a property development strategy and be persistent and patient. Flexibility in Property Developing Strategies Justin begins the discussion by asking Anselm about his journey in property development and how his strategy has evolved over time. Anselm shares that he began his career by purchasing and renovating existing properties and then progressed to land development and constructing new properties. He emphasizes that property developing strategies should be flexible and adaptable to changes in the market. Anselm shares his experience of being open to new ideas and strategies, and how it has helped him stay competitive in the industry. Developing a Clear Strategy Anselm emphasizes the importance of having a clear understanding of your goals and objectives when developing a property development strategy. Developers need to identify their strengths and weaknesses and develop a plan that maximizes their strengths and minimizes their weaknesses. He discusses the importance of having a clear vision for the project and ensuring that all members of the development team are aligned with that vision. Anselm shares that having a clear strategy helps you stay focused and make informed decisions that are in line with your goals. Adapting to Changes in the Market The property development industry is constantly evolving, and developers need to stay up to date with market trends and changes. Anselm shares that his strategy has evolved over time to align with changes in the market. He emphasizes the importance of being aware of new regulations and legislation that may impact your projects and adapting your strategy accordingly. Anselm discusses the impact of technological advancements on the industry and how developers need to be open to new technologies and tools to stay competitive. Collaboration in Property Development Collaboration is essential in property development, and developers need to build strong relationships with other professionals in the industry, such as architects, builders, and finance brokers. Anselm discusses the importance of working with the right team, where each member has the necessary skills and expertise to contribute to the success of the project. He emphasizes the importance of transparency and communication between team members to ensure that everyone is aligned with the project's goals. Taking a Long-Term View Anselm emphasizes the importance of taking a long-term view when developing a property development strategy. Success in property development takes time, and developers need to be prepared to invest time and effort into their projects. Anselm shares that he is patient and persistent and not discouraged by setbacks or failures. He encourages developers to be adaptable and have a plan for how to respond to changes in the market. Developers should focus on building a portfolio of successful projects over time, rather than seeking short-term gains. Conclusion In conclusion, this podcast episode provides valuable insights into how property developing strategies can evolve over time and the importance of being adaptable to changes in the market. The discussion emphasizes the need for a clear vision and strategy for success in property development and the importance of collaboration with other professionals in the industry. The top 5 bullet points discussed in the episode include the need for flexibility in property developing strategies, having a clear understanding of your goals and objectives, adapting to changes in the market, collaboration with other professionals in the industry, and taking a long-term view when developing a property development strategy.