Ep 229 - Lost Opportunities- What You Missed and What You Can Still Catch

Have you ever hesitated on a property deal, only to watch someone else snap it up and make a fortune? It’s a sinking feeling every developer knows. But in property development, dwelling on what you missed can cost you the next big win. In this episode of the Property Mastermind Podcast, Bob and Hilary tackle the topic of "Lost Opportunities." Bob shares a painful personal story of a project that got away—a simple, high-profit apartment site he missed because he was too distracted by a nightmare project involving a complex gully and a suspended slab. You’ll learn why experienced developers don't suffer from FOMO, the expensive trap of "over-engineering," and why the next deal is always just around the corner if you remain consistent. If you’ve been beating yourself up over a missed site, this episode will help you reset, refocus, and get ready to grab the next opportunity by the throat. 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 01:09 - The "Three Wines In" Confidence: Bob discusses his recent book awards and the mindset needed to move forward. 04:31 - The One That Got Away: Bob recounts missing a simple, high-profit site because he was bogged down by a complex "gully" project. 05:42 - The Trap of Over-Engineering: Why some structural engineers design slabs that could hold a ten-storey building for a simple townhouse project. 10:34 - Dealing with Regret: Why Bob almost got a "No Regrets" tattoo and how to mentally move on from a lost deal. 13:15 - The Experience Gap: Why new developers are devastated by missed deals, while pros know another is always around the corner. 16:45 - "Smelling the Deal": How to develop a sixth sense for profitable sites before you even run the full feasibility numbers. 23:05 - Creating Your Own Luck: Why consistency and building relationships with local agents beat waiting for a lottery win. 26:20 - The $800,000 Lesson: "If opportunity knocks, don't complain about the noise"—a tough lesson on decisiveness.See omnystudio.com/listener for privacy information.