What property development skills do you need? Australia’s Billion Dollar Property Developer, Bob Andersen, shares his expert tips.

Let’s take a look at the 2 core skills that you need in order to excel in the world of property development. It’s quite simple. A lot of us are actually utilising these skills in our daily lives. We use these at work, at home, wherever we go. And it’s no different in property development.

PROPERTY DEVELOPMENT SKILLS: PEOPLE COORDINATION

Who will you be coordinating? Who will be these people? You know about experts out there, don’t you? Think about it. The architect, the builder, the real estate agent, and a lot more. There’s people there that you will need to coordinate with. How do you coordinate them? Well, you simply need to know they do and how they fit in the overall property development plan.

Now you don’t have to feel over awed by let’s say, dealing with an architect. An architect goes to university for five or six years – brilliant. So what? Well, they know what to do. You have to coordinate with them. You have to have them in the process and know when to seek for their expertise.

PROPERTY DEVELOPMENT SKILLS: PROCESS COORDINATION

There’s a process in property development as well. There’s a timing for things. So you need to be able to coordinate the people and coordinate the process. Now there’s a process in property development. The good news is that it’s sequential.

We’ll talk about that in the next part of this series.

I look forward to seeing you then.

The Property Development Library | The Property Development Video Hub