Ep. 214 - The 9 Steps To Property Development

Getting the property development process right can be the difference between a profitable project and a costly mistake. In this episode of the Property Mastermind Podcast, Hilary Saxton and Bob Andersen unpack the 9 essential steps they teach to ensure your development runs smoothly from start to finish. They explain how each stage - from finding a site and conducting due diligence through to finance, construction, and settlement - fits into a structured process that reduces risk and increases profitability. Along the way, they share real examples, strategic insights, and the pitfalls that can trip up both beginners and experienced developers. Links Attend the 3 Day Workshop on the Gold Coast: https://bit.ly/3UmDhjo  Chat to Hilary about the current investment opportunity we have: https://link.propertymastermind.com.au/book-a-call Join the Ultra-Urban Database for upcoming investment opportunities: https://bit.ly/45sqO2F Head on over to our website to find out more about our workshop and education options: Our Website Connect with handovers.com: https://handovers.com/ Episode Highlights 00:55 – Introduction to the 9-step property development process.03:25 – Why Bob created the 9-step framework and how steps can overlap.07:56 – Step 1: Finding a site that meets all necessary criteria.08:40 – Step 2: Conducting thorough due diligence, including zoning and services.10:18 – Step 3: Running a feasibility study to ensure the project stacks up.15:01 – Step 4: Securing finance, including understanding two stages of funding.17:00 – Step 5: Acquiring the site—contracts, options, and when each is used.18:36 – Step 6: Managing the construction process and builder contracts.19:54 – Step 7: Marketing strategies, involving agents early for best results.26:59 – Step 8: Settlement and realising project profits.29:00 – Common mistakes new developers make—incorrect feasibilities.31:42 – Underestimating timelines and process steps.34:07 – The importance of following the process to avoid costly missteps.36:32 – How process knowledge supports joint ventures and financing.38:52 – Closing thoughts on mastering all steps for successful outcomes.  See omnystudio.com/listener for privacy information.