How to Become a Developer With No Money of Your Own - Part 1

Have you ever wondered how to break into the world of property development without having your own capital? In this two-part podcast episode, Moss dive into the inspiring journey with Mike Day from Apexx Development, who took a leap from the corporate world to real estate. Transitioning from the corporate world to property development requires research, education, and a shift in mindset. Investing time and resources into learning about the industry and building a strong knowledge foundation is essential for success.Collaborating with experienced developers and assembling a competent team of experts improves project execution and attracts financial partners. Networking and developing relationships with potential investors are crucial steps in building a solid team.Traditional bank loans may not always be available for developers with limited personal capital. Exploring alternative financing options such as private equity, joint ventures, and partnerships opens up avenues for funding development projects.Get ready to gain practical insights into building a winning team, making strategic offers, and forming relationships with potential investors.So, if you've ever wondered how to break into property development without a hefty bank account, this podcast episode is your golden ticket. Join us as we embark on an enlightening and conversational exploration of Mike's incredible path to success.  Episode Highlights:00:00 Welcome to Helpmebuy Property Podcast03:07 Transition From University to Property Developer06:08 Getting Disillusioned in the Corporate Side of Things12:18 The Importance of Valuing Time in a High-value Business15:32 Developing Relationships With Potential Investors Over Two Years21:44 Property Development is a Game of Structures and Finance and Those Who Can Do This Together Will Do Wonders25:15 14 Bulls Road, Burraneer30:51 Acquisition Numbers, Gross Revenue and Profit on Cost34:20 The Little Intricacies of Building a Luxury Property40:36 The Shortage of Comparable Sales in the Market43:11 Funding Model and Due Diligence  Resources:Visit the Investor Partner Group website: https://helpmebuy.com.au/Join us on our FREE Facebook Group: https://www.facebook.com/groups/helpmebuyau   About the Guest:Mike Day is the Managing Director of Apexx Developments, a Sydney-based luxury property development company. With a focus on high-end, sustainable, and innovative designs, Apexx Developments specializes in creating boutique dual occupancy and multi-residential projects. Mike's passion for luxury and elegance drives him to strive for excellence in every aspect of his work. With his latest project nearing completion, Mike is excited to showcase the pinnacle of achievement in the form of a stunning penthouse currently available for sale.Connect to Mike Day at: https://www.linkedin.com/in/mike-day-5a59a9227/ You can also connect with us on https://www.linkedin.com/company/77080688. For more podcast episodes, subscribe to our Youtube Channel at https://www.youtube.com/@moxinreza. Keep smiling, be kind, and continue investing. Peace out! See omnystudio.com/listener for privacy information.See omnystudio.com/listener for privacy information. Hosted on Acast. See acast.com/privacy for more information.