Every week I have people reaching out asking how to get involved in property development with little to no capital.
The honest answer is that you can’t.Anyone that tells you otherwise either hasn’t done it themselves or will likely be trying to sell you something now or in the near future (probably a course on no-money down property investment)
However, you do not want to be one of these people that spends their time reading and talking about development without getting involved. I strongly believe that you only learn by doing the thing and subsequently making mistakes – you must start somewhere.
There is a solution. Trading Land
How?
- Learn how the planning system and property market work.
- Learn how to identify true off-market, underdeveloped sites with potential for planning permission.
- Learn how to structure deals to add value.
- Learn how to approach landowners in the correct, professional manner.
- Start reaching out to experienced professionals looking to source sites for them or work with them on a joint venture basis. You bring the sites; they bring the money and expertise. You also learn from them along the way.
- Keep going, keep making mistakes, keep learning.
Over time you will build enough knowledge, experience, and capital to do this yourself – without having taken on all of the risk associated with expensive planning applications and uncertainty in the construction sector.
It doesn’t take as long as you may think, and if joint ventures aren’t for you, there is good money to be made from sourcing sites for others developers.
Given the current housing shortage, there has never been a better time to start doing this.
Check out a link to this video from Ray Dalio discussing goals setting and working through failure – Principles For Success by Ray Dalio (In 30 Minutes) – YouTube
