Throughout my life I have been very interested in housing, houses are great because they serve people over their lifetimes, giving shelter, one of humanities most important needs.
I noticed property people were successful, they had the latest cars, nice houses, worked from their homes and seemed to be very happy.
Their children went to good schools and they talked about there next overseas holiday, these were the things that I only dreamed about.
I watched my dad in building our family home in the Gold Coast Hinterland, doing most of the work himself. Learning from this, I later built two homes the same way, one for myself and one for my sister, saving thousands of dollars.
Back in 1990 My own home overlooked the lights of Surfers Paradise, the home cost $40,000 to build and the land was $30,000 a total of $70,000 for the home and land.
About two years later I sold the home for $175,000 taking a fantastic profit and from that point on I was hooked, never lost sight of the fantastic opportunity that Niche Property Developing can be.
I suppose that the industry just rubbed off on me because of my circumstances, realizing that not all people can have the same experiences.
You will find in this book the inside knowledge and methods for making money by Niche Property Developing. This information I have learned the hard way experimenting and testing all through my career.
My building company has over the years been involved in thousands of new home construction projects, won lots of building awards and is currently in the top 10 building companies in our country.
Our clients range from new home buyers to major investment property groups.
The following book has been prepared as a guide and reference of my experience ,
Niche Property Developing over the years.
It is my goal to pass over to you all the knowledge necessary to allow you to be successful in Niche Property Developing.
Niche Property Developing Secrets Uncovered
“If Donald Trump Had To Start again, he would
use these niche property development secrets”
"A real way to wealth"
Secrets that a small elite group of people keep to themselves. Any one can be a Niche Property developer! A real way to wealth, that an elite group use to make fantastic amounts of money.
Three golden rules to live by, in niche property development!
Number 1. Know Your Values
Number 2. Know Your Market Place Niche
Number 3. The Money Is Made When You Buy not Sell
As We All Know the Property Market Is Huge, just like all markets its made up of niche's. niche's are the key, niche's have differing factors, It is better to identify a good niche and concentrate on it, than to apply a wide strategy.
Mr Donald Trump has developed his niche, over his career he has carved out a niche focusing toward quality hotels, branded with his brand, now that he is famous he has many options and other business niche's to exploit.
For us a tight niche is secure, safe and sound, easier to be fully informed in and easier to spot the golden opportunities.
If Mr Trump was starting out again the wisest thing he would do is return to his favored niche, the one he knows best.
Your Own local area is the recommended place to hunt out the niches, as you live there, its convenient & easier to keep an eye on the market place.
Go no further than a one hour drive at the furtherest , investigate this radius to discover gems, then travel further if there is nothing good close to you.
Notice Mr Trump He buys buildings, then ads value by re-developing them. buying and holding is good, but developing is better, for two reasons.
1.Acquire property wholesale.
2.Generate the developers profit.
In developing niche property you could look at adding value, in this way!
Renovating
Extending
A. Constructing new property
B. Changing the current use
C. Buying off the plan from a developer
There is a case, for and against for all these niches, but they all are well worth investigation.
“The point is to be expert in a profitable niche.”
Property categories, niches.
Property categories are labels put on property types really just describing the use.
Commercial
Industrial
Retail
Residential
Agricultural
Government
Are the main ones.
All with sub categories, differing risks and returns. Next is location:
location weighs on all the factors having a heavy cause and affect
Prime
Good
Fair
Bad
Ugly
Locations are niches in themselves!
Many other affecting factors in addition to the above
are shown below.
Interest rates
Employment
Race
Effect of government in power at all levels
Building style,color,size
Land size ,slope, drainage
Noise, pollution
Current activity new construction,renovation,
New stock levels
Future plans , highway, public parks
Schools work opportunities, hospital's, churches, beaches ,sports grounds
Economics is it affordable
Value compared to other areas
Social climate
Weather
World events
Local government taxes,laws efficiency
Trades persons rates and supply
Rental supply and demand
Shopping conditions
Traffic conditions
Crime rates
Buyer demand or lack of demand
WOW you have chosen a huge subject as you can see its very complex business.
This is why, niche property developing is the only way to go, a niche we can control, we can understand it and safely return good profits from it ,over and over.
do you see it now? I hope so.
It is impossible to cover in one publication all the niches and I wouldn't even attempt it. There would be a lifetime of writing just on Mr Trumps niche!
What I can do is cover my favorite niche, the one I know & have experience in.
The idea then is to learn my methods and apply them to any niche that you like,
adjusting the information as you go. Sound fair enough to you?