When thinking about delving into the world of property development, most people’s initial thoughts might be ‘is this a good time?’. According to property developer and CEO of CCORP, Carly Crutchfield, there are many takes that can be given on the current property market. However, Carly believes no matter how good, bad or ugly it looks, there is always a pocket providing opportunities in Australia.
Carly said, “We have a country with a turning property clock, meaning while we may have a falling market in one state, there will be a rising market in another. If you are a nationwide investor there is always opportunity. If you only invest in your state, or local area and it is experiencing a lull, it will just take more research to find that cracker of a deal that’s hiding in there somewhere.”
Carly’s advice for anyone looking to reap the financial rewards of becoming a property developer is to learn the foundations on every aspect of property development. She said, “It’s so important to learn the basic strategies of property development and how to apply them, if you really want to see the financial benefit.”
A perfect starting platform for anyone wanting to learn the tools of property development is CCORP’s free one day property development workshop. This workshop is ideal for anyone who is interested in property or wanting to find out more about development, how to become a property deal maker, how to use vendor finance, property options and much more.
A Melbourne resident named Stephen Borg attended CCORP’s one day property development workshop and also completed the CCORP course. He has just finished his first property development project which resulted in $140k profit in just 18 months. This translates to a successful 26% return on investment.
Two years ago aged 22, the aspiring and inexperienced property developer Stephen purchased CCORP’s DVD course to learn all he needed to know about how to develop property. He said, “After hearing about the success a friend had with property development, I became interested in getting started on a project”.
Stephen found CCORP’s resources to be a brilliant introduction to the world of property. Since then he has subscribed to CCORP’s informative e-news updates and re-attended the free one day property development seminar.
Stephen says “CCORP’s course was a brilliant stepping stone and provided guidance every step of the way. The drive Carly brings to the stage and the knowledge she has acquired and passes onto others is priceless.”
He purchased a second development 12 months ago with a 12 month settlement, based on CCORP’s advice in the course. The site is expected to return the same 26% or $210K profit. However, this time the development is a three unit site and Stephen has experienced difficulty dealing with the council, as they knocked back the first set of plans submitted.
After recently attending CCORP’s one day property development seminar, Stephen is now exploring the option of commercial finance – a strategy he learned from the finance presentation. Stephen says, “This option will allow for better cash flow, which I encountered as a problem on my first project.”
Stephen expects to commence this second project this year.
To book your place on CCORP’s next free one day Property Development workshop, please visit www.ccorp.com.au or contact 02 9371 4799
The above information is supplied by C Corp.
Disclaimer: while due care is taken, the viewpoints expressed by sponsors do not necessarily reflect the opinions of Your Investment Property.