Imagine what your life would look like if your bank account was blessed with an extra £250,000! That’s exactly the kind of reward you can expect by venturing into the world of property development, and in this episode, I break it all down for you.
KEY TAKEAWAYS
- When becoming your own developer, you need to follow a very simple blueprint that’ll take you from where you are now to where you want to go.
- Create your business and brand, then go and get yourself some great education through mentors and coaches. You are the average of the five people you spend the most time with.
- There are different types of agents – lettings, estate and auction agents. In order to enter the world of property development, you need to set up relationships with land agents.
BEST MOMENTS
‘Wealthy people follow frameworks and systems’
‘Success starts when you make that decision’
‘Build relationships with agents. Get yourself onto the portals’
FULL TRANSCRIPT
If you’re listening to the dealmaker podcast, hosted by multimillionaire property investor, entrepreneur, and Guinness World Record holder, Liam Ryan, discover how to start scale and grow your business, become a better negotiator, create more opportunity and make massive profit so you can live the life of your dreams. Imagine what your life would look like if you had 250,000 pounds, hit your bank account literally in the next 60 minutes. Well, that is very possible when we talk about land development. In this podcast, I’m going to be talking about land development, we’re going to break it down into three parts. Number one, how to find land. Number two, how to fund land. And number three, how to feel or flip that land on. So let’s dive in. And let’s look at part one how to fund, feel, flip, and find your developments. Now, what is very important when becoming your own developer is that you follow a very simple roadmap, a blueprint, a framework that will take you from where you are now to where you need to go. It’s very, very simple, wealthy people, we follow frameworks and systems. It’s no different than literally baking a cheesecake, my wife Holly, she’s absolutely wonderful. She bakes the best world’s best cheesecake. Why? Because she has the best recipe, me, my personal graduates, we go and do amazing property development deals. Why? Because we have the best recipe and it really comes down to three major factors. Number one, how to go and find the developments. Number two, how to fund your developments. And number three, how to then fill those developments with tenants, or flip the development developments and make big profits. In this first part, we are going to be looking at exactly how to find development deals. Now a lot of people, they believe that they need to go and try single let’s or hate HMOs or serviced accommodation or a bit of Bill packaging before they become a property developer. And yes, we have the property portfolio matrix. And yes, there are literally so many ways in which you can make money as a property investor in the UK. However, you can start as a developer immediately. Why? Because there is a framework. Now, when you’re starting with no experience, could there be a few challenges? Yeah, maybe there was a challenge in terms of funding the deals, and I’ll talk to you about that in part two. Today, we’re looking at how to find sites. So number one, you need to make a decision that you are going to go and become a developer. Success starts when you make that decision, then what is important is to set up your business, have your brand, you go and get yourself some great education, go and get yourself into a mentorship program or a mastermind group and really start hanging around other developers that are doing the work that you ultimately want to do because you really are the average of the five people you spend the most time with. So when you hanging out with great other developers, there’s a very good chance you will become a developer. And then of course, you do your company name, you do the website, you do all of that foundational stuff. And that can all be done literally in around one to two weeks. So once you are set up, you then need to start building great relationships with agents. Now there’s different types of agents in the UK. You’ve got letting agents, you’ve got estate agents, you’ve got deal sources. You’ve also got auctions, you know, auctions are an agent really for sourcing on properties. You’ve got commercial agents, and you’ve also got land agents. So there are agents out there that specialize in looking for great plots of land, great plots of land, okay. So that is one way in which you can start finding great deals so build relationships with agents, get yourself onto the portals, go on to Rightmove and start looking for land on Rightmove, go on to plot finder and you can start finding land on plot finder. You can also do direct to vendor campaigns as well. So you can be looking for houses with nice big plots of lands.
With cost of living crises inflation on the rise, you’ve got interest rates going up, wages seem to be coming down the spending power on a power now is 50% less than what it was 10 years ago there or there abouts. So people are in a position where they are needing access to cash. So motivated sellers. And you can then go and secure sites with, say, a landowner and you can secure that site for a pound on an option agreement, you can then do a joint venture with the landowner where they put up the land as security, you can then bring in the development funding. And then you can agree a price for the land. Now, let’s just say 100,000 pounds, you then bring in the team, you build, say two or three or four houses on that site. And then you can do a profit share with the homeowner and maybe do a 5050 or 6040 or 7030. But the thing is, there’s just so much opportunity out there right now. And the great thing about living in the UK, is there is a massive shortfall of properties, a massive shortfall of properties, and the government and the local planning officers, they are very excited. The process to get planning permission in some parts of the UK is a lot easier than what it was five or six or seven years ago. Because we are living on a small island, we’re overpopulated. And I just think that land development is a perfect strategy. Now, there’s the wrong way. And there’s the right way. I see a lot of people.
They go too big, too quick, too big, too quick, and they get really excited. I’ve done smaller developments. I’ve also done some larger developments. I’m actually doing a new build and commercial conversion, and a commercial space. Over a Maidenhead right now with the one and only J Munoz. That’s 26 units, it’s a 6000 square foot commercial space, it’s just under 10 million pound GBV, the whole project is going to take probably around three years from start to finish and we were around two thirds of the way through, and it’s a great deal. And we’re expecting to make some huge profits, you know, probably around 1.5 to 2 million pounds. However, it’s come with its complications. One of the strategies that I really like as a small medium sized developer, are small plots of land, in and around your local area where you can go and build 12345 houses. And typically, you can sell them fast. And typically, you’ll be making around 100 120,000 pound profit per property. So you only need to build two or three houses. And you could be walking away with that magical 250,000 pound profits. Remember, finding the site is one of the highest key result areas for you to do. You find the site become obsessed with building great relationships with homeowners direct to vendor with the right agents and if you can just spend five to 10 minutes a day, on your phone, in your breaks in the evening, switch off Netflix, stop watching EastEnders. You can become obsessed with finding great sites, there is no reason why not you and your family. You can create generational wealth.
250,000 pounds is literally just the start, you can become multi multi millionaires. Now I’m going to be running a mini series on this. So part two is all about doing this using none of your own money and part three is to fill or flip these sites for big big profits. So make sure you stay tuned for the entire mini series. My name is Liam Ryan, I’ve been in property for over 20 years now. I love business, I love property, I love entrepreneurship. If you’re watching this now, and you’re like, wow, I really want to get into development. I want to start my property journey. I want to scale what I’ve scaled, and you can invest five to seven hours a week. If you’ve got drive, enthusiasm and you really want to be shown a step by step process where me and Mike team can take you down a very, very successful rate then why don’t you hit the link down the comments in the description because I am running some free training, hit the link. Secure your seat for one of my up and coming events. Come and hang out with me and my team. Check us out suss this out. We’ll be sussing you out. And if you like what you see, then who knows, I could become your next joint venture partner. We could be doing deals together, and you could be living a life beyond your wildest dreams. Hey, well, I really hope that’s inspired you because if I can do it, you can definitely do it. And if you are looking to get into developments, if you want an exceptional life, then this could be for you. So head over to www.assetsforlife.co.uk and access of free property training. Right now you’re listening to the dealmaker podcast, hosted by multimillionaire property investor, entrepreneur, and Guinness World Record holder Liam Ryan, discover how to start scale and grow your business become a better negotiator create more opportunity and make massive profit so you can live the life of your dreams or dreams.
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