The Million Dollar Decisions Property Developers Make (Ep: 263)

In this episode, Bob and Hilary unpack the million-dollar decisions every developer makes, and how to get them right. Not multi-million-dollar projects, but the aggregation of marginal gains: the compiled decisions that quietly determine whether you succeed. They walk through buying the wrong site (and why fast is not the same as rushed), buying too early, paying too much, choosing the wrong builder, why the cheapest quote is rarely the best, the wrong joint venture partner, picking your selling agent, and locking in your exit strategy at the beginning instead of the end. Plus the two decisions that bookend it all: knowing when to walk away, and backing yourself to begin. Bob shares some hard-won lessons along the way, including the 90-day sales agent he could not get rid of, and the rookie subdivision he built his way out of. It comes down to one thing: you just have to know what you need to know. Have a listen. Plus Bob's tip of the week: do not get too cocky picking your State of Origin winners, haha! See omnystudio.com/listener for privacy information.