Is it risky being a property developer?
Channel: The Good Property Company / Susannah Cole
Date: 2017-06-20

Susannah talks about risk and the difference in doing smaller projects, which involve smaller lengths of time, lower costs and lower risks in the planning in the early days. So think about step one, step two and then step three, before taking steps four and step five. Grow your skills, develop your team and grow your pot, so that when you take the risk to do the higher level developments involving higher level cost and time, and take your training wheels on first, grow your skills and then get there, rather than rushing in as the risks are so much greater.
To reduce the risk, take the steps which will help you reduce the mistakes / risks you will take, so you can be more successful when you move into the 'big time' developing.

Hope that helps, even if it does frustrate a little - I want you to be in the 50% that make it in property development, not the 50% that don't!

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