Join us as we dive into the gritty world of property development with Dan, an ex-military property developer who started his journey over 10 years ago. Initially sourcing deals due to having no cash, Dan has navigated the industry through countless challenges, ultimately buying his own deals and learning from endless failures.
In this episode,Dan discusses the tough lessons learned from property development mistakes, providing valuable insights for aspiring investors. He provides valuable insights for aspiring investors, focusing on creative financing strategies and how he successfully navigated a farm acquisition as part of his diverse portfolio and the realities of rural development projects.
Discover how he tackles property deals with a no-nonsense approach, emphasising the significance of having no emotional attachment to the property and the reality that success in property takes time and perseverance. Whether you’re a seasoned investor or just starting, Dan's experiences will inspire you to tackle the challenges of property development head-on.
Tune in for an honest conversation about what aspiring investors need to know about property development, including practical tips for building a sustainable property portfolio over time and the gritty truths about success in property investing!
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Chapters:
00:00 The Unpredictable World of Property Investment
00:42 Introducing Dan Kennedy: A Journey from Military to Property
01:20 Overcoming Early Failures in Property Investment
02:31 The Harsh Realities of Property Investment
04:21 The Importance of Education and Realistic Expectations
12:09 Building Valuable Relationships in Property
15:38 The Farm Deal: A Case Study in Property Investment
23:00 Creative Financing Strategies
24:27 Navigating Complex Deals
27:12 The Importance of Follow-Up
27:47 Learning from Mistakes
28:43 Dealing with Planning Issues
33:18 Negotiation Tactics
43:54 Advice for New Investors
45:27 Conclusion and Final Thoughts
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